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Work Culture is one of the most important pieces to the business. It's the heart of the business and it becomes a guide to how your team and employees behave in the office. There are many companies out there are have fantastic culture and you can see it within the people who work there. Culture creates massive growth within a company because everyone has drank the Kool-Aid, they have bought in and believe in the business.
Pivoting Through Life is all about making necessary changes within life and business so that you can grow and become successful. Today, we talk about three companies whose business is completely different now than what they had initially started out. This wraps up Season 3, The Pivot. I hope you enjoyed this season as much as I did. Season 4, The Buy In is coming soon... Love you guys, see you in the next one!
Took a bit of a break to spend time with family and welcome some new additions to the family! We are back and better than ever. Today we pick up with the future of roofing in the state of Florida. We talk about solar, the implications of e-verify with immigrants, and the mess insurance companies are creating for homeowners.
Today we are talking about how to tap into a new industry. Breaking through and finding success in a market where you may not be the expert in can be scary, but very doable. The key to success when you're trying new things is being okay with hiring the experts and letting go of control.
Small businesses and startups go in and out of business all the time, but why? There are three main reasons why a business may go bankrupt. Today we discuss how to avoid being under capitalized, mismanagement, and allocation. The most important thing to your business are the people that make it up. You need to understand the players you are bring into your business and what role they play within the organization.
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Today, I am joined by my friend, Hilgardt Lamprecht, CEO of The LifeWealth Group. Hilgardt, from South Africa, first practiced as a CPA but quickly realized it wasn't that career path he wanted for himself. Pivoted, he found great joy and purpose in helping others plan for the future as a Financial Advisor. Having worked with small, mid, and large cap companies, Hilgardt is well versed in discussing the pitfalls that many business owners find themselves in, financially.
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Feel free to connect with Hilgardt and his team! https://thelifewealthgroup.com/
https://www.linkedin.com/in/hilgardtlamprecht/
A change in the pecking order can make or break a company. There's a couple of leadership styles that can help define key roles in each department, but you need to understand who the employees are and what works well with your manager. A change in leadership can be seamless or it can be troublesome. If you're getting acquired, you might want to give your employees a heads up and reassure them. No one wants to be kept in the dark.
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This episode is all about traction. Traction in your business can come in many different forms. One of the best indicators that you are onto something is revenue. If you're looking for funding from a bank and/or investors, they will want to know how much your making. Cash flow is super important for a business. It can be the quickest way to see if your business is gaining momentum. You can build traction or track your progression on social media. This is especially helpful if you have a DTC business. Navigating social media and the digital world can be pivotal in the early stages. You'll see traction ramp up as your demographic continues to adopt your product, service, etc
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Today's episode is a fun one! We've all been asked at least once in out lives, "What would you do with a million dollars?" We'll first off, a million dollars isn't what it used to be, especially with the current inflation. As a business owner, I would probably invest the million dollars. I asked a couple of my children what they would do with the money. Having three different perspectives, was so fun and interesting. Hope you all enjoy this episode. See you in the next one!My son, Corben, has been on the podcast before, but the topic was different. As a young adult with a young family, he finds his priorities shifting. The wants and needs are being weighed. Corben has always been a simplistic man with what he does. My youngest daughter, Katelyn cannot be more opposite of Corben. High energy, young, and has a boyfriend. She is not looking to settle down right now. Katelyn's dreams are of "PJs," yachts, and vacations (and she's not the only one that has those aspirations). Her mindset is different from mine and it's different than her brother's.
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I've seen people rip off or scam others and I've been ripped off by some previous homeowners. The best way to handle issues like this is to implement good business practices. Try to be understanding, see if there's some sort of resolution both parties can agree on. If needed, you may want to proceed with legal action. Most small businesses can afford to shell out the capital needed to fund that journey, but maybe you can negotiate and come to agreeable terms.
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Whatever you choose - be smart, be understanding, and if you have any questions, let me know in the comments and I'd be happy to help!
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