How does this crisis compare to others, and how should small business owners approach this black swan differently? Business Black Swans are rare, unpredictable events that have a severe impact on a business. They may be rare when considered individually,...
Not sure how to plan for 2021 - I'm almost at the point of "what's the point?" since 2020 was so unpredictable. We've always made decisions based on intuition and gut feeling, but that's becoming pretty stressful. Expectations are sitting...
Stressful economic times often cause business owners to put their heads in the sand to try to withstand the storm, or abandon their businesses completely. For some business owners, the right move might be to keep pushing forward. For others,...
We lack of organizational structure. Not everyone can be a manager. We might not recognize lead candidates — I’m not sure what a lead is, anyway. I don't know how to delegate without giving up control. I can’t leave unless...
We have a huge opportunity, and we want to go after it, but still manage business risk. This is the kind of risk and debt that could destroy everything I’ve worked for. It involves a ton of debt and if...
I am getting ready to sell my business. I'm feeling on edge and unsure. After 23 years of running this business I have to stop following my long-practiced habits and focus on what’s next – how do I do that?...
The good news is we’ve been growing. But we’re operating a company of 50 employees the same way as we worked when we were 20 employees. We're ready to do things better as we continue to grow. We want to...
I'm letting others step up, but I find it hard training employees to do something exactly as I want it to be done. I struggle with handing things over because I want things done a certain way, and employees often...
The bigger my business grows, the heavier it is and the more responsibility I carry. It's all on my shoulders. I try to fix everything, and I can’t keep doing that. I don’t see my family enough. I’ve become the...