What if your business is successful... but you still Hate running it?
A friend of mine owns a profitable laundry mat but hates going in every other week and just plain out dont like dealing with it. We talk a lot about growing revenue, getting more customers, hiring employees, and becoming “successful.” But what happens when you reach those goals and realize you don’t actually enjoy the business you built? Maybe the money is good, the customers are coming in, and the business is growing, but you're constantly stressed, working longer hours, or stuck doing things you never wanted to do. Question: 👉 Would you change the business model, sell the company, scale back, or keep pushing because the numbers look good?
Firing Clients - How do you go about it?
I posted about a "quick sand" job we've been on the last couple weeks and I've come to the realization, we probably need to fire this client. So how do you go about it? Personally, I don't want to turn it in to a big thing. I'm thinking next time they reach out for work, just say we are too busy and give them a referral to someone else. What strategies have you used that have been received well? I think for us because we are on a per project basis it'd be a little easier than a business with reoccurring visits.Should You Bring On an Equity Partner or Just Hire Someone to Grow Your Business?
I'm in the middle of working through a potential partnership where I'd bring on another owner-operator as an equity partner rather than just hiring them or buying them out. Anyone here gone through something similar. Merging with another shop owner instead of just growing organically? What made it work, or what would you do differently?
