Diversification and Innovation: Balancing Your Pet Business Focus

In this episode of the Pet Biz Podcast, Janie draws inspiration from an interesting Facebook discussion about diversification, focusing specifically on starting a pet waste removal service. Janie reflects on personal experiences in the pet industry since 1997, emphasizing the importance of diversification, without diluting core business offerings. She introduces the 70-20-10 rule for managing resources: 70% on optimizing core services, 20% on adjacent improvements, and 10% on bold new ideas. The episode concludes with guidance on sustaining focus while exploring innovations and a call to action for listeners to apply the 70-20-10 rule to their own businesses. Listeners are invited to share topic ideas and industry contacts via email at [email protected]

00:00 Introduction and Episode Inspiration

00:41 Diversification in Your Pet Business

01:43 Personal Experience and Business Focus

08:54 The 70-20-10 Rule for Time Management

14:13 Applying the 70-20-10 Rule to Your Pet Business

20:24 Homework and Final Thoughts

In case you want to reference Alex Hermozi's education head on over HERE

Hey there 👋 I’m Janie Budnick - Host of the PetBiz Podcast and founder of the PetBiz University™, including the PetBizMBA® Business Accelerator and the PetBizCRM™ Relationship Manager solution. No matter how far you are down the pet business path from START to FREEDOM I we are here to help!

Friend, your entrepreneurial dreams can 100% be a reality – but, let me tell you, it’s so easy to get discouraged when you’re starting out or in the messy middle. There are so many things to learn.

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