On the podcast today we're going to discuss on how to figure out what your business is currently struggling with. Recognizing and prioritizing it based on data analysis instead of emotion. This will help us gain clarity, highlight our most basic and foundational needs, then build a more accurate needs hierarchy. By following this path, we will be able to overcome any inaction from confusion and choose the best course of action.     

Topics Mentioned: 

• Survival Trap  

• Business Hierarchy of Needs   

• Business Crisis  

• Block Control 

Key Thoughts:

• The biggest struggle that business owners have is knowing what their biggest challenge is because of the overwhelm. – Mike (2:56) 

• Identify what the business really needs and make a decision that is consistent with addressing that specific need - Mike (8:21) 

• Your business needs an adequate foundation to support the layers above it. - Mike (13:40) 

• It is very important to base our business decision on data instead of emotion. - Michele (22:46) 

• When you're feeling overwhelmed or paralyzed, start breaking down what you need to do to move forward. - Mike (36:30) 

Contact Michele

• Email: [email protected]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

Contact Mike

• Website: www.mikemichalowicz.com

• Instagram: @mikemichalowicz

• Facebook: Mike Michalowicz Fan Page

• Twitter: @MikeMichalowicz

• LinkedIn: Mike Michalowicz

References and Resources:

• The Designers' Inner Circle - Become a Member Today

• Fix This Next, Pumpkin Plan, Surge, Clockwork, Toiletpaper Entrepreneur  by Mike Michalowicz

• How to Stop Worrying and Start Living by Dale Carnegie

• Hierarchy Assessment  

• The Cash Positions