One of the most important considerations in economic development is securing those opportunities for generational wealth and development. Today’s guest is a perfect example of someone that not only has an impressive lifetime of economic development himself but helps others do the same. This week, episode 5 of Entrepreneurship on the RISE Podcast is about a lifetime of ecosystem building.
In this episode of Entrepreneurship on the RISE Podcast, Jacob and Lauren, joined by their guest Michael Scales are sharing the value in being able to predict and plan for the challenges small businesses may face and continuing a legacy with a life dedicated to giving back. Some of the talking points we go over in this episode include:
- How Michael teaches critical thinking to be able to predict when it is time to make a pivot in business.
- How the industrial DNA engrained in Henry and Patrick county in southern Virginia impacts what we can expect to see in the future.
- The impact that the economy and technical advances have on generational wealth.
- How profit sharing leads to higher employee retention through job satisfaction.
- The unique challenges that small businesses face when it comes to getting off the ground and scaling.
Every company, no matter how big or small, is an integral part in working together to build the community as a whole.
Thank you for listening! If you enjoyed this episode, take a screenshot of the episode to post in your stories and tag me! And don’t forget to follow, rate and review the podcast and tell me your key takeaways!
Learn more about RISE Collaborative at https://sovarise.com/
CONNECT WITH MICHAEL SCALES:
Longwood Small Business Development Center
LINKS MENTIONED IN THIS EPISODE:
Download Longwood Small Business Development Center’s Book The Entrepreneur’s Business Planning Guide
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