The cost of doing business seems to be rising by the day. Inflation is hitting small businesses pretty hard. The current economy and labor market are so different than even just a couple years ago. And when you’ve got a team, wages, in particular, are a big consideration in your budget.
Because of these unique changes, I hope to help you have a bit of a brain shift in this episode. As leaders, we have Two Buckets to recognize: Beliefs and thoughts (including the opinions of others) versus Facts. The impact of all the information constantly coming at us can make opinions appear as facts. This can dramatically affect how we look at, and what we feel about, everything going on in our businesses. It can especially affect our opinion about hiring and paying wages. So let me give you a bit of tough love and let’s talk about all this.
“Or you just decide, ‘You know what? I signed up to be a business owner. The economy’s a little wackadoodle right now. I’m gonna figure out my plan. And I’m gonna execute the hell out of it’.” – Kris Plachy
The Two Buckets: Facts versus Thoughts
Practical decisions without drama
Wages and your philosophy
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