The Profit Map – Team

Stay up to date, get our newsletter

From the video...

Hi, this is Judi Otton with GrowthCast and I’m here with the final installment of our Profit Map series. Today. I’m going to talk about your team. I’m going to give you three areas to think about when assessing the health of your team. First of all, do you have a partner? If you do have a partner, do you guys have by -sells? And are they funded? And if you don’t know what any of that means, call me and we’ll get that straightened out. With your partner, do you have defined expectations or are you in each other’s business all the time? It works much, much better if you each have your own areas and defined well understood expectations. And finally, with your partner, do you guys take time to have a separate strategic discussion every week or every couple of weeks? I meet a lot of business owners that say, ‘Oh yeah, yeah. I talked to my partners all the time’, but it’s really different if you can separate yourself from the business ideally out of your office and spend some regular time working on your business as opposed to end your business. The second piece is your employees. Do you have the right people? Are they in the right seats? What happens with many small businesses I see, is you have wonderful employees that can take you from A to B. But they may not be the right people that can take you from B to C. I see this especially in sales and finance, but it happens in every area and it’s such a hard thing to do because you’re loyal to these employees, but you really have to do what’s right for your business. And finally, the third question that I want to ask you is, can you take a vacation? Can you take a vacation without working? What if you wanted to go camping in the remote wilderness? What would happen to your business and what do you need to do to give yourself the freedom to take that time? It’s so important for your health and relationships. This is Judi Otton and finishing up your Profit Map series and I’ll be back next week with a new Fiscal Fitness Tip of the Week.

Leave a Comment