Dave Ramsey, in his excellent new book, "Build a Business You Love" did an excellent job of identifying the different stages in the life of a small business, along with frustrations ("pain points") found in each stage.
In Stage 2, or the Startup phase of a business, what Ramsey refers to as the "Treadmill Operator", he identifies:
SIGNS OF BEING IN THE "TREADMILL OPERATOR" stage:
- Team member turnover.
- You have unreliable results.
- The team doesn't demonstrate the values that created your initial success.
- The team is not aligned.
- You're used to putting out fires, and you feel uncomfortable about being "not needed" now that you've delegated some of those responsibilities.
- You're unsure about how to spend your time--it's a big shift from leaving the cave, killing something, and dragging it home. Now the team is doing that.
- You're making more money than you ever have before, and you don't know how to invest in the business.
While I agree that these are common signs and "pain points" in the startup phase of a business, we at O'Hara Business Strategies, LLC. can help address these issues with savvy, strategically-based, and cost and time-effective business coaching, and other services.
*Used under the Fair Use Rules of the U.S. Copyright Law and also in accordance with the book's allowance for "...brief quotations in critical reviews or articles..."
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