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Maximizing Investments: Navigating Support Options for Small Businesses
Manage episode 399978304 series 3500107
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In this episode of the Deeply Rooted Business Podcast, hosts Jess and Rachel discuss the importance of understanding and choosing the right types of support available to small business owners. They explore common pitfalls when investing in support, such as financial drain and wasted time, while highlighting the benefits of bringing on the right support at each stage of business growth. From mentorship to coaching and consulting to specialized service providers, they provide valuable insights on how to navigate your unique journey towards success. Tune in now and learn how to make informed decisions that will help you get the most out of your investments.
- [00:01:11] The pitfall many entrepreneurs face is overcommitting their investment budget by not allocating enough funds for hands-on implementation or service providers.
- [00:03:24] Setting aside reserves specifically for investing helps prevent financial strain when exploring various types of support.
- [00:05:48] Investing time in foundational business coaching programs may lead to wasted hours if you already possess knowledge about certain aspects.
- [00:08:32] Mismatching expertise can hinder progress; knowing exactly what type(s) of support are needed is vital before making any hiring decisions.
- [00:10:56] Hiring someone who provides strategic guidance based on their experience saves time during training processes.
- [00::12::50] Breaking through blind spots and accelerating growth are key benefits of bringing on the right support.
- [00:16:34] Starting out, mentorship can provide valuable advice from someone who is already successful in your desired field.
- [00:18:33] Coaching helps with mindset blocks and empowers you to move forward during the stretching phase of business.
- [00:21:02] As your business becomes more complex, hiring a system specialist or management expert can help streamline processes for increased efficiency.
- [00:23::35] When scaling up, it's crucial to invest in consultants or strategists who offer customized guidance tailored to your unique business needs.
Are you ready to take your online business to the next level? Tune into this episode of the Deeply Rooted Business Podcast and gain insights on navigating different types of support. Make informed decisions that will propel your success. Don't miss out—listen now!
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