The Small Business School Podcast

Run Your Business Like a Business

August 29, 2024 Staci Millard Episode 209

Welcome back to Small Business School! Today’s episode dives into a powerful lesson: treating your business like a business. It’s not just about crunching numbers and enforcing policies—it’s about shifting your mindset to create a legacy. Let’s break down why this mindset shift is crucial and how it can transform your business!

Topics Covered:

  • Start viewing your business as an entity separate from yourself. This means understanding that it's not just about you but about creating a lasting legacy.
  • Don’t undervalue yourself or your role. Pay yourself based on the value you bring to the business, not just personal needs. This helps in maintaining financial health and setting the right standards.
  • When you treat the business like a business, you empower your team to make decisions and learn from mistakes. 
  • Stepping back lets you see how different parts of your business interact and identify opportunities. This broader view helps in making informed decisions and spotting areas for improvement.
  • Shifting your mindset and implementing these changes might take time, but it’s worth it. Trust in the process and the benefits will follow as you see your business flourish beyond its current limits.

Your business isn’t just about you, it is about creating a lasting legacy. You can balance your passion while ensuring sustainability and growth. Here’s to making that shift and watching your business thrive!

Staci's Links:
Instagram. Website.

The School for Small Business Podcast is a proud member of the Female Alliance Media.

To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.

Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!

People on this episode