Reflecting on 2024: Business Growth, Challenges & Lessons Learned

Summary:
In this episode, hosts Braedon Kruse and Abel Rodriguez reflect on the year 2024, discussing significant changes in their businesses, challenges faced, and lessons learned. They explore the importance of trust, accountability, and collaboration in business, as well as the impact of work-life balance on family dynamics. The conversation also touches on the saturation of the podcast market and the complexities of outsourcing in the industry. In this conversation, the speakers delve into the significance of personal connections in business, the journey of entrepreneurship, and the importance of cherishing relationships. They discuss the complexities of starting a business, the role of spouses in supporting each other's dreams, and the necessity of male friendships for emotional support. The conversation also touches on the evolving gender roles in business and the lessons learned from past experiences, emphasizing the need for effective communication and community engagement. In this conversation, the speakers reflect on their past year, discussing personal growth, life goals, and the importance of relationships. They emphasize the need for focus and planning for the future, while also exploring the balance between work and personal life. The discussion highlights the significance of authenticity, community involvement, and the pursuit of happiness through meaningful connections and generosity. Ultimately, they look ahead to future aspirations and the importance of supporting one another in their journeys.

Watch the YouTube video here

Takeaways

• 2024 was a year of significant change and growth.
• Hiring a sales person can shift business dynamics positively.
• Facing the truth in business is essential for growth.
• The podcast market is becoming increasingly saturated.
• Closing the studio was a tough but necessary decision.
• Expanding to new locations can enhance business reach.
• Work-life balance is crucial for personal and family well-being.
• Trusting others in business can be challenging but necessary.
• Collaboration with other businesses can lead to mutual success.
• Outsourcing has its pros and cons, especially regarding cultural differences. Personal connections are crucial in business.
• Most clients prefer direct communication with service providers.
• Business growth requires elevating processes and people.
• Starting a business involves significant behind-the-scenes work.
• Cherishing small moments in relationships is essential.
• Support from spouses is vital for personal and professional growth.
• Male friendships provide necessary emotional support.
• Gender roles in business are shifting, with women taking on more leadership.
• Supporting each other's dreams is important for couples.
• Reflecting on past experiences helps in personal and professional development. Money loves speed and those with resources want quick results.
• Reflecting on personal and business focus is essential for growth.
• Defining success involves understanding personal values and habits.
• Dreams and aspirations shape our future and motivate us.
• Building meaningful relationships is crucial for happiness.
• Work-life balance is important for personal identity.
• Authenticity in relationships fosters deeper connections.
• Generosity and support for others enhance our own happiness.
• Goals should evolve but remain aligned with personal values.
• Planning for the future requires understanding the habits needed to achieve dreams.

Chapters
00:00 Introduction and Year in Review
02:55 Business Changes and Growth in 2024
06:08 Challenges Faced by Business Owners
08:49 Studio Closure and Lesson