Tamara Simon, aka Bob the Builder for Small Business, shares her insights on helping owners overcome the complexities of running their businesses. She talks about the importance of systems and processes, time management, and the need for owners to work in their 'sweet spot'

Show Notes

@tamara simon discusses the challenges owners face, the value of financial awareness, and the necessity of breaking the cycle of overwork to achieve a more profitable and enjoyable business. Tamara shares insights from her book, 'The Five Little Business Pigs', which outlines strategies for building a successful business. 

The discussion highlights the importance of reflection and understanding one's business dynamics to foster growth and sustainability. In this conversation, Tamara and @Michael Kerr cover;

  • the importance of clarity in roles
  • the necessity of #businesscoaching
  • the need for strong foundational systems
  • the impact of leadership behavior on staff morale and productivity.

Some takeaways;

  • Success in business is often a jagged line, not a straight path.
  • Many small business owners have expensive hobbies instead of profitable businesses.
  • There is a system in everything; it's about finding it.
  • Owners should aim to work in their sweet spot 80% of the time.
  • Time management is crucial for small business owners.
  • Turnover is not the only measure of success; profitability matters more.
  • It's important to consciously choose the price of your commitments.
  • Most businesses have room for improvement. Every business should have a coach.
  • Understanding your numbers is crucial for success.
  • Business systems are essential for clarity and productivity.
  • Behavioral change in leadership is key to business success.
  • Small business owners should embrace their role with pride.
  • Reflection on business viability is necessary for growth.
  • Coaching provides a sounding board for business frustrations.
  • Strong foundations are built on clear roles and responsibilities.
  • Employee engagement is vital for a thriving business.
  • The journey of business ownership requires bravery and commitment.

@kerrcapital 


Thanks for listening.  Visit the Small Business Banter website to subscribe, listen back, or check out any resources or information mentioned on the show.

 

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

 

michael.kerr@kerrcapital.com.au

 

www.smallbusinessbanter.com.au

 

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