The Small Business School Podcast
Ready to leave the small business struggle behind? The “School for Small Business” podcast supports small business owners in scaling a business that is profitable, purposeful, and doesn’t leave you burnt out. No matter whether you run your business online or you own a brick-and-mortar, you can expect our world class experts to support you with mindset, tactics, and everything in between so you can have the business you dreamed of. Based on our lived experience, we know that small business CAN be easy and we are here to show you how.The “School for Small Business” is hosted by Staci Millard, a CPA by trade with over 15 years of experience seeing the behind the scenes of thousands of small businesses. After growing and selling her first 7 figure business, Staci has been on the ground running - mentoring small businesses and working to increase success rates. Staci strongly believes you don’t need to have gone to business school to be successful so you can expect nothing but simple, impactful advice. Tune in each Tuesday for a new 30 minute or less episode of nothing but valuable advice to help you grow your small business. We are so excited for you to be on this journey with us!
The Small Business School Podcast
Mistakes That Are Hard To Fix
Hey Small Business School! Today, I’m diving into a listener's question about what’s often overlooked in business and can be tough to fix. There are some key areas that came to mind and can make or break your success if not handled thoughtfully from the start. Let’s break them down!
Topics Covered:
- Don’t let optimism or ego lead you into expensive lease agreements. Be realistic about what your business truly needs and consider flexible options that won’t strain your finances.
- Failing to invest in yourself as a leader can lead to poor team culture, high turnover, and significant costs.
- Spending too much on branding and websites early on can drain resources.
- Focus instead on building relationships and gaining visibility through cost-effective means.
- Setting your prices too low can be a costly mistake. Understand your costs and the value you provide to ensure your pricing supports profitability and growth.
- Without a deep understanding of your expenses and pricing, you risk running a business that’s not sustainable.
Hope this episode helps you navigate these common challenges in the early stages of business. Have more questions about this? Reach out to me on Instagram, I’d love to connect!
Staci's Links:
Instagram. Website.
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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!
