The EntreLeadership Podcast

Key Decisions to Drive Business Success

Jul 31, 2023

41:32

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Quick takeaways

Creating different levels or tracks in a personal development program for diverse employees can address their individual needs and aspirations, fostering personal growth and skills development.

When transitioning from being the boss to an individual contributor after selling a business, open communication, clear expectations, and ongoing support are crucial to maintain team unity and navigate the dynamics of authority.

Deep dives

Creating a Personal Development Program for Employees

Janie, the owner of a six-unit fast-casual restaurant in Texas, called into the podcast seeking advice on creating a personal development program for her diverse employees, who range from those with master's degrees to those with lower reading levels. She also mentioned limited funds due to slim margins in the restaurant industry and her own lack of time as a working parent. The host advised Janie to bifurcate the program by creating different levels or tracks. This could include a 100-level for employees not aspiring to leadership roles, focusing on soft skills and personal growth. Additionally, a leadership track would be available for those who desire it. The host emphasized the importance of clear communication, acknowledging that implementing such a program could involve some awkward conversations and emotional adjustments.

Introduction

2min

How to Create a Personal Development Program

4min

The Importance of Voluntary Leadership

3min

How to Level Up Your Business

3min

How to Start a Dump Truck Business

2min

How to Build a Reliable Truck

2min

How to Save Money on Equipment

2min

How to Be a Successful Small Business Owner

3min

The Five Stages of Business

2min

10.

Building a Strong Purpose for Your Business

4min

11.

The Six Drivers of a Successful Product

2min

12.

How to Level Up Your Business in Six Stages

3min

13.

Why Does He Want to Sell His Business?

3min

14.

The Importance of Setting the Table as Such

2min

15.

The Importance of Annual Reviews

5min

Today, we hear about:

• How to help your team members grow personally and professionally

• A caller who has a thriving debt-free business with over $3.6 million of equipment

• The six drivers of a truly successful business

• What to do when buying a company and the previous owner wants to continue working with the team

Links mentioned in this episode:

• The EntreLeadership Podcast

• EntreLeadership Elite

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