Watch the YouTube version of this episode HERE
Are you a business owner who is looking for advice for your company’s growth and success? In this engaging podcast episode, Tyson and guest, Brian Mittman delve into the intricacies of business leadership, decision-making, and strategies for growth and profitability.
Being a leader comes with needing to make tough decisions. For Brian, this includes understanding what the goal of a business is and what decisions need to be made to reach that goal. If the goal is to grow or make a lot of profit in a short amount of time, tough decisions like who to hire, who to let go and what aspects of the business need to change must be considered. Brian speaks to the need to map everything out in order to understand what needs to happen as time goes on.
For a business to be successful, it is important for a leader to properly succession plan. This involves looking 5, 10 or 20 years into the future and knowing what you want the business to look like. Who has the energy and drive to lead the business once the current boss retires? Who will need to be trained or mentored to take over that role one day? These are all questions that need to be considered for future growth and success.
Listen in to learn more!
03:18 Past Experiences
12:47 Growth Plans
19:40 Transition of Partnership
25:29 Importance of Planning
51:30 Challenges of Growth
01:02:00 Salary Cap Exercise
Tune in to today’s episode and checkout the full show notes here.
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