Dirty Secrets of Small Business
The Dirty Secrets of Small Business Podcast is here to give you the tools, knowledge and power to achieve success whether you’re starting a new small business or already have one.
Episodes
June 1, 2023 • 43 mins
It can often feel like your business partner is your “work spouse” because you typically see so much of each other that you can finish each other’s sentences. But does this mean that like marriage that a business partnership should be until one of you passes away? Is this why any time you talk to your attorney or accountant they’ll ask about whether or not there is a buy/sell agreement in place, key-person life insurance, and a l...
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May 25, 2023 • 36 mins
This might seem like a strange question, but think about the question if you were to substitute attorney or accountant or insurance person for the phrase business coach. Wouldn’t you be surprised to learn a business owner friend doesn’t have an accountant or insurance person? So why would it be so odd to expect that every small business owner also have a business coach? We address this very question in today’s show.
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May 18, 2023 • 33 mins
We all know couples where it’s evident who wears the pants in the relationship. Other couples have more of a shared power concept going on. So which one is right if you and your life partner are also business partners? Should one of you be the boss? Should you share the boss duties?
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May 11, 2023 • 43 mins
One of the most overlooked opportunities for growth in the small business world is that of acquiring other companies. This could mean buying out competitors or perhaps adding new products or services to your current offerings. It could also be a way of expanding your geography or finding some good new customers or team members. There are many benefits of growing through acquisition which we discuss during the show today.
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May 4, 2023 • 36 mins
Have you ever not liked going to work because of the people you work with? Perhaps there is tension at work between you and a colleague where you just can’t get along on a regular basis. Maybe you disagree on the direction of the company or it could simply be you don’t like how they do certain things. What do you do when this person is related to you? What do you do if this person you can’t work with any more is your brother?
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April 27, 2023 • 36 mins
So what does it look like when you’re ready? Does it always look and feel the same? Kind of like when you’re lost? In today’s show we talk about how to know when the next generation is ready to take over. Like many things in life and business, it’s not always so clear, but there are some key things you can look for.
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April 20, 2023 • 35 mins
You may have heard that one of the benefits of owning your own business is that you get to choose which 12 hours during the day you’d like to work. Many small business owners will crack a smile at a statement like this, in part because they know it contains some truth, but also because it’s one of the things many business owners struggle with. Just how much should I be working?
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April 13, 2023 • 36 mins
One of the areas we specialize in for our business coaching is helping family businesses transition to the next generation. One of the biggest gating items for a transition of any business, is the current owner deciding when it’s time to hang things up and move on to the next phase of their life. Sometimes the current owner is the last person to realize it’s time for them to move on. Why is this the case and how can that process...
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April 6, 2023 • 31 mins
It’s pretty easy and common to get excited, nervous, and stressed when running your small business. You can often feel like Atlas with the weight of the world on your shoulders. Everyone from your employees to your customer and vendors, not to mention your family depending on you. So how can a small business stay calm and in control in the often chaotic world of running a small business?
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March 30, 2023 • 26 mins
No offense to Marshall Field, the retailer who is often credited with creating the slogan “The customer is always right,” but give me a break. Following this piece of advice has probably put more small businesses out of business than anything else. We have seen way too many small business owners justify keeping bad customers by quoting this phrase.
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March 23, 2023 • 31 mins
Whether you’re currently contemplating starting or buying a business or if you already own a business, one question you might be asking yourself is if you’re cut out to be a business owner. Depending who you talk to you might hear things like “people are born to be entrepreneurs” or something similar. Don’t always believe the hype!
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March 16, 2023 • 39 mins
If you’ve owned your business for several years, chances are someone at some point has talked to you about a business valuation. Either someone has asked you directly what your company is worth or the idea of your company’s value has come up in conversation. The question we address in today’s show is just how valuable is a business valuation?
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March 9, 2023 • 35 mins
Most people’s only experience with firing someone is watching Donald Trump say “You’re fired” on the TV shows The Apprentice. If you’re one of those people you may think it’s no big deal. I mean the person is being terminated for a reason, right?
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March 2, 2023 • 36 mins
Many folks are confused why business owners have trouble stepping back and selling or transitioning their business to the next generation of ownership. We have found in our decades of working with small business owners transitioning to the next phase in their life that one of the biggest items holding them back from exiting their business is finding ways to stay relevant.
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February 23, 2023 • 32 mins
It’s rare that a small business owner wakes up one morning and decides it’s time to transition their business to the next generation. It’s something they usually think about for a while, likely many years before they are finally ready. But once they decide they often want it to happen yesterday. But before the current owner leaves they want to make sure the next generation knows everything they need to know about the business. ...
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February 16, 2023 • 36 mins
If you’ve ever been involved with the buying or selling of a business, chances are you’ve heard of a term called seller’s remorse. Even if you haven’t been involved in a deal it’s likely you’ve heard about it or seen it. And it doesn’t matter how large or small a deal is, it can happen to anyone…even a billionaire.
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February 9, 2023 • 32 mins
One of the key success factors in running and growing a small business is surrounding yourself with good advisors. Talk with any small business owner and they are likely to have all or most of the following “advisors” helping their business: accountant, attorney, insurance, payroll/HR, banker, financial planner, marketing, and business coach/consultant. But how do you know if you have the right advisors for your business?
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February 2, 2023 • 34 mins
If we had to pick a movie to be the theme for a small business owner, it would likely be the 1993 classic Groundhog Day starring Bill Murray and Andie MacDowell. Even if you’ve never seen the movie you can probably relate to what it feels like to have the same day over and over again. Unfortunately for too many small business owners this can be the case. So what’s a small business owner to do?
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January 26, 2023 • 63 mins
Today we were joined on the show by Sherry and Dan Jones. They were clients of ours when they owned their franchise business Seniors Helping Seniors. We not only helped them grow their business but we also helped them with a successful exit of their business.
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January 19, 2023 • 35 mins
One of the reasons we started this podcast was to help dispel many of the myths we’ve seen in the small business world. One of those chief myths is the idea that if “you’re not growing you’re dying.” This has become so popular in the small business world that folks seem to think it must be true. Not so fast my friend.
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