Small Business Minute By Greg Weatherdon

Sinopsis

Practical advice from a Small Business Expert

Episodios

  • Small Business Minute #81 – Burnout

    Small Business Minute #81 – Burnout

    28/10/2019

    Burnout is one of the leading causes of small business failures. The thing about burnout is that it usually gets justified as just hard work. Of course, entrepreneur knows that being self employed is going to require sacrifices and therefore, burning the candle at both ends is the price of admission to a better life. To that I say, yes and no.… Read More

  • Small Business Minute #80 – e-Transfers Security with Rob Fraser

    Small Business Minute #80 – e-Transfers Security with Rob Fraser

    16/10/2019 Duración: 03min

    This is a guest post by Robert Fraser of Senior Exec Consulting an IT expert. e-Transfers have been a wonderful convenience, especially as a small business, however there are some startling security issues. So lets be honest, most of these can be traced back to lousy security habits on behalf of the person sending the e-transfer. Email systems being hacked and just plain bad passwords. The banks are backing away and not taking responsibility, so its time to do them properly. Five things to increase security If you use e-transfers or would like to (I’m a big fan), there are some simple things you c… Read More

  • Small Business Minute #79 – Opportunities

    Small Business Minute #79 – Opportunities

    01/10/2019 Duración: 02min

    Opportunities are like buses, if you miss one, another one will be along in a minute. That saying has a lot of truth in it, and although I hate missing an opportunity, I’ve found out over the years, not to lose any sleep over it, because it probably wasn’t meant to be. Good or bad, I’m wired to be constantly on the lookout for opportunities. I owe much of my success to being able to identify real needs in those areas where I have some knowledge, and this is the catch. In order to take advantage or spot opportunities, you need know what you’re looking for. Opportunities or distractions Of course, the best o… Read More

  • Small Business Minute #78 – Trust

    Small Business Minute #78 – Trust

    12/07/2019 Duración: 03min

    I recently had some time to kill between meetings and I was hungry. So, I decided to go to a local diner. I figured I could use the time to do some writing. One of the reasons I chose this location is that I knew they had free Wi-Fi and I needed to access some information online with my laptop. After I was seated, order taken, and beverage served, I flipped open my laptop and attempted to connect to the Wi-Fi. No luck. I checked to make sure the network was visible and still nothing. Re-entered the password that was printed in big bold letters on the wall of this establishment and still no joy. After numerous … Read More

  • Small Business Minute #77 – The Customer Goes First

    Small Business Minute #77 – The Customer Goes First

    03/06/2019 Duración: 02min

    I’ve been considering this topic for quite some time but wasn’t sure it was worth addressing until a recent trip to New York City. Having been out to dinner, we returned to our hotel and were waiting for the elevator to make its way to the ground floor. When the door finally slid open there was a young lady getting ready to disembark. Also, in the elevator, but tucked over to the side where the floor keypad is located, was a young man who was an employee of the hotel. As we waited, the young lady began to step out of the elevator car, only to be cut off by the hotel employee. There was a look of confusion and sho… Read More

  • Small Business Minute # 76 – Pick Up the Phone

    Small Business Minute # 76 – Pick Up the Phone

    19/04/2019 Duración: 04min

    Technology has been an amazing boon for businesses of every size, but none more so than for small businesses. Having come of age as an entrepreneur through the technology evolution, it’s truly amazing that what once took days by many, is now done in minutes by one person. The development and ease of use of current technology now allows small businesses to compete with much larger organizations. Software applications that once would have cost the small business owner a fortune to purchase, along with the hardware to run these applications, are now available for pennies a day and hosted on the cl… Read More

  • Small Business Minute #75 – Get Clear Air

    Small Business Minute #75 – Get Clear Air

    04/04/2019 Duración: 02min

    In the movie Top Gun, Maverick and Goose are flying in close formation with Iceman in a training manoeuvre as they try to shoot down a much nimbler fictitious Russian MiG fighter. Maverick having been accused of abandoning his wingmen in the past, is sticking tight to Iceman but clearly has “the shot”. Maverick pleads with Iceman to break off and let him take the shot. Iceman’s rebuttal is that he only needs a few more seconds to acquire the target. Finally, after what seems like an eternity, Iceman capitulates and breaks hard right as Maverick has requested and that’s when things get really ugly f… Read More

  • Small Business Minute #74 – Average or Great

    Small Business Minute #74 – Average or Great

    10/03/2019 Duración: 04min

      We all know how much work it takes to survive, let alone thrive as an entrepreneur. We have all put in the long hours and have faced disappointments along with the successes that come with the territory. Some days, you’re just freaking awesome. On others, not so much. It just feels like you’re taking one step forward and two steps back. Such is the life we have chosen! You work your butt off to get the business, but somewhere along the line you or your staff drops the ball and turn in a less than stellar performance. This typically results in a call from an unhappy client that until you picked up th… Read More

  • Small Business Minute #73- Incentives, the Owners Dilemma

    Small Business Minute #73- Incentives, the Owners Dilemma

    15/01/2019 Duración: 04min

    Small business owners are faced with a myriad of challenges every single day. If it isn’t sales, then it’s receivables and if it isn’t receivables, it’s operations. Add to this the hundreds of thoughts they are juggling trying to sustain their enterprises. Always at the top of their worry list is how to keep their staff focused and motivated. Unlike much larger corporations, small business owners usually don’t have the financial resources to implement sophisticated incentive programs. A big part of the problem in smaller organizations is that the employees usually wear more than one hat or … Read More

  • Small Business Minute #72 – Sales, Play the Long Game

    Small Business Minute #72 – Sales, Play the Long Game

    12/12/2018 Duración: 04min

    We all learn lesson throughout our working lives. Some are good lessons, some are a little painful. Some of those lessons we remember, some we forget. Hopefully, we learn to apply the good lessons as frequently as possible and not repeat those painful ones too often. One of those lessons I learned a long time ago, was to play the long game when it comes to sales. So, what do I mean when I say, “the long game”? The long game means understanding that actions today may pay off at some future point with unknown timing. The long game is understanding that people are different. Whereas some people need to buy … Read More

  • Small Business Minute #71 – The One Thing

    Small Business Minute #71 – The One Thing

    16/11/2018 Duración: 05min

    In the movie City Slickers, Jack Palance’s character Curly and Billy Crystal’s character Mitch are riding along having a bonding moment, when Curly turns to Mitch and asks, Curly: Do you know what the secret to life is? Mitch: No What? Curly: This! (As he holds up one finger) Mitch: Your finger? Curly: One thing. Just one thing. You stick to that and everything else doesn’t mean (expletive). Mitch: That’s great, but what’s the one thing? Curly: That’s what you gotta figure out   I’m always reminded of that scene whenever I ask my clients “What’s the number one thing every business needs in or… Read More

  • SBM #70 – My Kodak Moment

    SBM #70 – My Kodak Moment

    26/10/2018 Duración: 06min

    In its heyday, the Kodak company used the following tagline in their advertising: “Make it a Kodak Moment!” This phrase was used when taking a picture of someone at a particular moment that will never be forgotten. It even made its way into everyday use to highlight anything good or embarrassing that happened to an individual, even when it wasn’t captured on film. I’m sure we’ve all experienced our fair share of Kodak Moments in our lives, so I want to share one of mine that will be forever burned into my memory. It was an expensive sales lesson about being overly confident, that I’ll never forget. T… Read More

  • SBM #69- They Should Know Better

    SBM #69- They Should Know Better

    25/09/2018 Duración: 04min

    A constant refrain that I hear from business owners is “they should know better!” “They” of course being any or all the employees that screwed up. Naturally, when I hear this statement, I just can’t leave it alone and therefore I need to challenge it. At which point the conversation goes something like this, Client: They should know better Me: Really, why is that? Client: It’s their job Me: Did you tell them? Client: No, I shouldn’t have to Me: Why shouldn’t you have to? Client: Because they’re supposed to be adults Me: That may be true, but you still need to tell them what you expect Client: I hired th… Read More

  • SBM #68 Discipline Equals Freedom

    SBM #68 Discipline Equals Freedom

    28/08/2018 Duración: 05min

    READING TIME: 5 minutes Discipline is not always a strong suit when it comes to describing many entrepreneurs, it just goes against their rebel nature. One of the main reasons they went out on their own is because they figured they could do a better job, make more money and have a better life, but to do it their way. For many, their jack of all trade, get it done, whatever it takes the attitude, helped them launch their business, but this, not an enduring strategy if one wants to create a sustainable business. On second thought, it can be, if you enjoy long days, doing everything yourself and running ar… Read More

  • SBM #67 – Demand More

    SBM #67 – Demand More

    07/08/2018 Duración: 04min

    I have worked with hundreds of entrepreneurs helping them to shape their businesses into their vision. One problem that I frequently come across is the quality or I should say, the lack thereof of some 3rd party service providers e.g. bookkeeping, IT specialists, etc. For the record, I’m all about outsourcing non-core or mission-critical activities to individuals who specialize in a given area. But time and again I find that many of these providers never consider the best interests of their clients. Most of my entrepreneurial ventures have been as a service provider and one of my key mandate… Read More

  • SBM #66 – Change Someday to Today

    SBM #66 – Change Someday to Today

    17/07/2018 Duración: 03min

    Someday I’ll be able to slow down. Someday I’ll be able to take more than just a couple of days off. Someday, someday, someday. This refrain is repeated daily by millions of overworked and underpaid entrepreneurs. Some feel trapped in a design of their own making. Others feel they have traded their soul or some other part of their being for the sake of their company. Still, others are oblivious to what’s happening and just accept, whether it’s right or wrong, that this is what they signed up for. They kid themselves every day into believing that someday is just around the corner, when in fact, it’s n… Read More

  • SBM #65- Decision Making-Engage Your Employees

    SBM #65- Decision Making-Engage Your Employees

    14/05/2018 Duración: 04min

    Why is it that so many owners think they and they alone have all the answers, to every problem in their business? When you consider that most owners started their companies as the only employee, it’s easy to understand how this attitude got started but why it continues is the question? Granted, there will always be those technical, legal or safety issues that require the owners input, but what about those day-to-day operational, sales and marketing challenges that arise? Businesses are not democracies Contrary to all the discussions about managing in the new millennium, businesses are not d… Read More

  • SBM #64 – Defining Moments

    SBM #64 – Defining Moments

    16/04/2018 Duración: 02min

    Reading time: 3 minutes Many successful entrepreneurs get asked, “What was their defining moment?” or some similar question. Several have never even thought about it, nor can they easily identify that special moment. Those that do, will admit that they didn’t recognize it at the time as a defining moment, because no trumpets blared or some similar event. It was only through hindsight that it became evident. Defining moments just happen The point is, nobody, sets out to create defining moments. They aren’t goals in and of themselves, they just happen. What these individuals do though, is the… Read More

  • SBM #63 – Don’t worry about the competition

    SBM #63 – Don’t worry about the competition

    19/03/2018 Duración: 05min

    Read Time: 5 mins Don’t worry about your competition. Pretty unusual advice to receive for any business owner. To be sure, we need to know some things about our competitors like: • Who they are • What products they sell • Their pricing strategy i.e. cheap or expensive • Their reputation i.e. after sales service, timeliness, etc. But this just makes good business sense. Far too often I find small business owners who obsess about every move their competitors make. This obsession often leads to distraction and paralysis as they are not sure whether to match a competitor’s activity or ignore it. In i… Read More

  • SBM #62-10 Questions to Help to Overcome Business Failure

    SBM #62-10 Questions to Help to Overcome Business Failure

    01/03/2018 Duración: 04min

    Successful entrepreneurs share many things in common. Hard work, focus, belief in themselves, hungry for knowledge and so on. One trait that doesn’t get much mention is the ability to accept and overcome failure. As entrepreneurs, failure can be a daily occurrence, but the worse is when a business fails. To be sure there is a lot of noise made on social media and from the start-up world about “fail fast”. It is often heralded as a badge of honour and a goal in and of itself. The premise being that the sooner I fail, the sooner I’ll become a success. Failure is no guarantee of success. Success requires … Read More

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