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The Most Common Challenges Business Owners Face with Time, Team and Money (and how to overcome them)
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In this episode, Brian Montes discusses the challenges that business owners face in three key areas: time, team, and money. He provides insights and solutions for each challenge, such as creating a time management plan, developing an operations and training manual, implementing a team meeting rhythm, and establishing a cash gap plan. Brian emphasizes the importance of strategic planning, leadership development, and having a clear USP and guarantee. He also highlights the need for a revenue and profit budget, a talent acquisition plan, and a tactical marketing plan.
Takeaways:
Identify the challenges you face as a business owner in the areas of time, team, and money.
Develop a time management plan to prioritize tasks and focus on high-value activities.
Create an operations and training manual to delegate tasks and ensure consistency.
Establish a team meeting rhythm to improve communication, alignment, and accountability.
Implement a revenue and profit budget to track financial performance and make data-informed decisions.
Build a talent acquisition plan to attract and retain top talent in your industry.
Develop a tactical marketing plan to increase leads, sales conversion rates, and customer spend.
Create a cash gap plan to improve cash flow by collecting receivables faster and negotiating better terms with vendors.
Podcast Episode - Strategic KPI Development for Business Owners - https://www.buzzsprout.com/2066194/15188863-strategic-kpi-development-for-business-owners.mp3?download=true
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