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?
Where is that tipping point?
I've been thinking about this a lot lately. I'm still relatively early in building my business, and over the past year I've tried just about everything I know to do. I've built the website, developed the products, created educational content, advertised, followed up with leads, networked, built professional relationships, sought mentorship, and kept learning and adjusting along the way. Most recently, I wrote and published The Custom Home Planning System on Amazon. I created it to help homeowners better understand and prepare for the design and building process, and it felt like another way I could take what I've learned over the years and turn it into something useful for the people I ultimately want to serve. I believe in what I'm building, but I'll admit there are days when I wonder what that tipping point looks like. For those of you who have been in business for a while, was there one thing that finally made your business take off? Was there a particular decision, relationship, marketing channel, client, or change that noticeably shifted things? Or was there no defining moment, and eventually all those years of consistent effort simply started compounding? I'd especially love to hear from those who remember the period before things really started working. Looking back now, what do you wish you had understood while you were still in it?
Mid-Year Quick Wins: What’s been your biggest win this year so far or even just this past week?
Hi everyone! We’re a husband-and-wife team of general contractors specializing in custom remodels and new builds in Los Angeles. One thing that’s made a big difference for us is ending our weekly one-hour business meeting by sharing our “Quick Wins.” It forces us to reflect on what went well instead of only focusing on the challenges. It’s been a simple but powerful way to stay positive while in our growth stage of business. A bigger win I’d love to share: we recently completed the Chase Coaching for Impact program. It helped us get organized, build a real budget, and implement better business systems, including our weekly meetings. We also met some incredible business owners at our graduation ceremony this past week! Question: What’s been your biggest win this year so far or even just this past week? I’d love to celebrate some good news with the construction and home service community!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?
