This week's key takeaway:
How long does it take to build a business? - with Ben Fewtrell and David Carlin
Episode intro:
Spoiler alert… there is no easy answer, but we can help you understand what you can do to speed up the building of your business, and what you need to avoid so it doesn't slow down.
Some of this is very basic stuff, but some of it can take years for people to work out, especially when they're too close to their business. You might think it strange that a business owner can be 'too close' to their business, but you're probably going to build it quicker if you take time out from the day-to-day and prioritise working 'on' the business rather than 'in' the business. Listening to this episode might just be the starting point you need to work 'on' your business.
In this week's episode you will learn:
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What 'a business' really means
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The pros and cons of employing yourself in your business
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How to build your business more quickly
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The right mindset to adopt
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Why your business isn't as much of a 'special case' as you think it is
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Why you need to be brave when firing people
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Revenue versus profitability
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The key duties of a business owner
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How to understand your KPIs
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The importance of SMART goals
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How much time you should spend working 'on' your business
Show links:
