21 Hats Podcast

‘At 5 O’Clock, I’m Going to Send Everybody an Email’


Listen Later

This week, in episode 240, Paul Downs tells Jaci Russo and Sarah Segal about laying off a third of his workforce. “Here's the problem in a nutshell,” he says. “Last year, January to March, we sold $1.356 million. This year, January to March: $680,000. March is on track to be the worst month I've had since I started taking records.” Paul also tells the owners that he used to have a rainy-day fund for such occasions, but he used it to renovate his house. He does think the layoffs and other cash savings have put him in a strong enough position to hang in there until business picks up. “We’re getting calls,” he says, “we’re just not getting orders.” He’s also trying out a digital marketing service that can identify and contact anyone who spends even just a few seconds on his website. Plus: Paul tells us that sometimes, when forced to lay off people, you learn things about your operation that you might not otherwise have known—like that you’ve been overpaying your sales tax by at least $30,000 a year for quite some time.
...more
View all episodesView all episodes
Download on the App Store

21 Hats PodcastBy 21 Hats

  • 5
  • 5
  • 5
  • 5
  • 5

5

31 ratings


More shows like 21 Hats Podcast

View all
The School of Greatness by Lewis Howes

The School of Greatness

21,202 Listeners

Organize 365 Podcast by Lisa Woodruff

Organize 365 Podcast

1,320 Listeners

The Knowledge Project with Shane Parrish by Shane Parrish

The Knowledge Project with Shane Parrish

2,670 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,880 Listeners

Pod Save America by Crooked Media

Pod Save America

86,806 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

8,098 Listeners

Suze Orman's Women & Money (And Everyone Smart Enough To Listen) by Suze Orman Media

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

389 Listeners

At The Table with Patrick Lencioni by Patrick Lencioni

At The Table with Patrick Lencioni

1,127 Listeners

Politics War Room with James Carville & Al Hunt by Politicon

Politics War Room with James Carville & Al Hunt

4,066 Listeners

Deep Questions with Cal Newport by Cal Newport

Deep Questions with Cal Newport

1,302 Listeners

Best Laid Plans by Sarah Hart-Unger

Best Laid Plans

785 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,999 Listeners

Acquiring Minds by Will Smith

Acquiring Minds

252 Listeners

The Weekly Show with Jon Stewart by Comedy Central

The Weekly Show with Jon Stewart

10,561 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

19,779 Listeners