Grow A Small Business Podcast From Startup to Success: Barratt Kennett on Growing EFCOMM Group to a 50 — Member Team, Embracing Profit Sharing, and Overcoming Leadership Challenges with Vision and Resilience. (Episode 564 - Barratt Kennett)
In this episode of Grow a Small Business, host Troy Trewin interviews Barratt Kennett, Director of EFCOMM Sales and Marketing Solutions, Kennett shares his journey from a small startup to a thriving business with 50 employees. He talks about the benefits of profit sharing, his leadership style, and the significance of having a clear vision. Kennett also explores the challenges of scaling a business, offering practical advice on overcoming them with resilience and determination.
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Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.
And a snapshot of the final five Grow A Small Business Questions:
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What do you think is the hardest thing in growing a small business? According to Barratt Kennett, the hardest thing in growing a small business is "acclimating to the pressure" and learning to handle repeated challenges, or "eating crap sandwiches." He emphasizes that tolerating and overcoming difficulties is crucial, and advises embracing failures and taking on more challenges as a way to build resilience and improve.
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What's your favourite business book that has helped you the most? Barratt Kennett's favorite business books that have helped him the most are "Next Five Moves" and "Choose Your Enemies Wisely" by Patrick Bet-David, "Atomic Habits" by James Clear, and "Maximum Achievement" by Brian Tracy. He finds these books particularly valuable for both business and personal development.
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Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Barratt Kennett recommends focusing on podcasts with impactful guests, such as those featuring Daniel Priestley, Lewis Howes, and Joe Rogan. He suggests following these guests on social media to catch promotional clips and dive deeper into their insights. For online learning, Kennett emphasizes the importance of exploring various podcasts and utilizing them to expand knowledge and skills relevant to business growth.
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What tool or resource would you recommend to grow a small business? Barratt Kennett recommends having a crystal clear vision of how to improve a specific aspect of your business. He emphasizes the importance of defining what needs to be better, why it should be improved, and how to achieve that. This clear vision helps in rallying support and creating a focused strategy for business growth.
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What advice would you give yourself on day one of starting out in business? On day one of starting out in business, Barratt Kennett advises to "buckle up" and be prepared for the challenges. He emphasizes that while people warn you about the difficulties, they don't fully convey the isolation and pressure you might face. Understanding that you'll have to endure hardships alone, but will ultimately be fine, can help in navigating the journey with resilience and determination.
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Quotable quotes from our special Grow A Small Business podcast guest: Eat crap sandwiches, and your tolerance for pressure will grow — Barratt Kennett A crystal clear vision on how to make things better is your best business weapon — Barratt Kennett The world stands aside for the man who knows where he's going — Barratt Kennett