The EntreLeadership Podcast

How Having The Right Focus Can Eliminate Business Problems

Oct 16, 2023

Today's podcast covers topics such as diversifying business, finding trustworthy vendors, working with Gen Z, and changing company culture. It emphasizes the importance of focus, hiring the right people, and prioritizing staff well-being.

38:40

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Quick takeaways

Prioritizing employee well-being and creating a positive work environment can lead to increased profitability and improved company culture.

Hiring the right people and cultivating a supportive work environment results in higher productivity, reduced employee turnover, and ultimately, higher profit margins.

Deep dives

Focusing on People and Purpose

A catering and restaurant business prioritized their employees' well-being by organizing a three-day retreat to recharge and refocus on their why. By putting their people first, the company noticed a positive shift in their culture, leading to increased energy, better client connections, and improved profitability. They also established a mental wellness fund to support their staff with any challenges they may face. The company's retention rates have improved, attracting more talent due to their reputation for caring about their employees. While specific profit numbers are hard to quantify, the business experienced a bottom line increase of approximately 10% and reduced overall workload, proving that prioritizing people can yield financial benefits.

Introduction

2min

Challenges of Teaching in the Restaurant Industry

3min

The Importance of Focus and Analyzing Business Ventures

5min

Improving Success Rates and Vetting Process for New Dealers

6min

The Importance of Finding the Right Focus and Avoiding Certain Partnerships

5min

Challenges and Importance of Etiquette in Hiring Generation Z

7min

How Having The Right Focus Can Eliminate Business Problems

3min

Refocusing and Prioritizing Staff Well-being

8min

Today we’ll hear about:

• What to know about diversifying and if you should expand or continue your current business model

• How to find trustworthy vendors to sell your products

• Why working with Gen Z is easier than Corporate America makes it seem

• How one business completely changed their company culture by temporarily shutting down

Links mentioned in this episode:

• The EntreLeadership Podcast

• EntreLeadership Master Series

• Have a question for The EntreLeadership Podcast? Leave a voicemail at 844.944.1070 or submit your question for a chance to be on the show with Dave Ramsey: https://www.entreleadership.com/ask

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