The EntreLeadership Podcast

Why Growing Your Business Is Simpler Than You Think

Jan 29, 2024

Learn how a seasonal business can adapt its model, setting up a leadership program, giving away 50% of profits, the risks of franchising, and the power of generosity and faith in business decisions.

41:17

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Diversifying services and adding secondary streams of income can help a seasonal business retain employees and generate consistent revenue throughout the year.

Implementing a robust personal development program that aligns with organizational values and provides opportunities for growth can contribute to employee satisfaction and retention.

Deep dives

Expanding the Pest Control Business and Incentivizing Employees

Joel, the owner of a niche pest control company in Portland, Oregon, seeks advice on keeping good employees year-round and incentivizing them. The company makes 60% of its annual income over four months and the remaining 40% over the rest of the year. Dave suggests adding more services to diversify the business, expanding the offering beyond moles and gophers. Additionally, he recommends adding products to the website to generate a secondary stream of income. With regards to employee incentives, Dave suggests profit-sharing during the high-income months and considering part-time or contract employees during slower periods.

Introduction

3min

Expanding Business Offerings and Managing Seasonal Income

6min

Developing a Culture of Learning and Growth

6min

Simple Training and Valuable Skills

5min

Financial Success, Generosity, and Trusting God

4min

The Power of Generosity and Promotion of Entre Leadership Summit

2min

Expanding Through Franchising

13min

Today we’ll hear about:

• A seasonal business that must change its business model to keep from losing its team

• How to set up a leadership and self-development program for your team

• A business owner that gave away 50% of their profits

• How franchising your company could cost you everything

Links mentioned in this episode:

• The EntreLeadership Podcast

• EntreLeadership Summit 2024

• The Ideal Team Player by Patrick Lencioni | YT: https://bit.ly/47v06Wg

• 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

Start growing in business and leadership with the EntreLeadership Newsletter. Sign up to receive tactical tools, advice and resources in your inbox every week: https://bit.ly/3IRWnsL

Help us make the show better! Please fill out the quick survey form. https://bit.ly/3O8fRvh

Support our sponsors:

• NetSuite

• BELAY

• Payority

• Trainual

Learn more about EntreLeadership Events:

• EntreLeadership Summit

• EntreLeadership Master Series

Learn more about EntreLeadership Coaching:

• Elite

• Advisory Groups