SoTellUs Time

In today's business climate, it can be easy to feel like you're constantly playing catch-up. Whether you're trying to keep up with the latest trends or struggling to maintain a work-life balance, it's important to remember that you are not alone. Billionaire and business mogul Chip Wilson knows a thing or two about success, and in today's podcast he shares three pieces of advice that have helped him succeed in business. First, he stresses the importance of focus and concentration. Second, he advises business owners to surround themselves with positive people who will support their goals. And finally, he encourages entrepreneurs to always be learning and growing, both personally and professionally. If you're feeling overwhelmed by the challenges of running a business, take a cue from Chip Wilson and use his advice to help you find your path to success.

As business owners, we are often so focused on the day-to-day that we don't take time to step back and assess our longer-term goals. We can feel like the sand is quickly running out of our "Success" Hour Glass and that we don't have enough time left to truly become successful. But a recent study by researchers at MIT suggests that this may not be the case. The study analyzed 2.7 million entrepreneurs and found that a founder that is 50 is approximately twice as likely to experience a "successful exit" than a founder in their 30s. This data shows that it is never too late to pursue our entrepreneurial dreams. So, whether you're just starting out or you've been in business for years, remember that success is always within reach.

In order to run a successful business, it is essential to have a good working relationship with all of your employees. After all, they are the ones who are interacting with customers on a daily basis and they have a wealth of knowledge about what works well and what could be improved. All too often, business owners only take the time to listen to their managers and not the rest of their staff. This can lead to grievances and low morale, as employees feel that their voices are not being heard. If you want to create a thriving business, it is essential to make sure that everyone has a voice. Encourage open communication, listen to feedback, and act on it where appropriate. By taking these steps, you will create a more positive work environment and ensure that your business is moving in the right direction.

Trevor was talking to an owner the other day that has been trying to hire employees for weeks and he has only got 1 application. Trevor asked him what he was doing and he said that he is out doing the work.

Every business owner wants their customers to be loyal and stay with them forever but we need to understand that we need to be loyal to our customers as well.

In today’s economy we are seeing prices for everything skyrocket. 

• • Cars - $5,000 economic fee
  • Houses - In AZ, offering $20K over asking and not getting a house
  • Food - You can’t get lunch for less than $10 today
  • GAS!!!!

It seems like everyone is raising their prices and you may be thinking that you should do the same but you should really look at your business and your numbers before you make that decision.

In life most of us do everything we can to avoid hard things. We want our lives to be easy, full of sunshine and rainbows and we are upset that the world hands us lemons. However, without the lemons in our lives, we would never be able to make lemonade. As entrepreneurs, we did not pick the easy path. We did not pick the safe path. We chose to go out on our own and build something for ourselves and our families. We walked away from the safety net and risked everything. We have to realize that it is not going to be easy and we are going to face hard things but those hard things are going to forge us into the successful entrepreneurs we want to be.

As business owners, we like to talk about our strengths and what makes us better than all of our competitors, but this week we want you to discover your kryptonite!

Today we are going to talk about a funnel that we have used to create a multi-million dollar business for ourselves and we have used it for thousands of our clients to help them double, triple, and even quadruple their business. We call this funnel the Growth Funnel.

Automation with your Communication is great and it can free up a lot of time for your customer service team but sometimes it can actually hurt your business if you rely on it too much.

Today we are going to talk about why the number “1” is the worst number in business. One product, one employee, one store, one service. One of anything that accounts for a substantial portion of your income leaves you vulnerable to rapid failure in your business.