Short #33 AMA – Business Tips (Podcast)
In this short podcast episode, Bryan shares his experience as an entrepreneur and his tips for anyone who wants to run and grow a successful business.
When growing a business, the best thing you can do is listen to others who have started a business. It's especially useful to listen to those who have already “made it” in the business world.
Growing a business requires you to stay focused. While you may have to work in your business, you also want to make time to work on the strategic parts of your business. Make goals, hire good people, and make sure your business has all the right people and tools to help it grow. Know your hirees' motives, and it's also important that the people in your personal life support you. Your business will also grow most effectively if you can keep your emotions under control.
On a financial level, you need to have a good grasp of your personal finances before tackling business finances. Make wise decisions, and don't make excuses to spend money on things your business doesn't actually need. One of our main business tips is that it's best to avoid dumping your money into things you don't understand. Marketing is something that a lot of HVAC businesspeople don't understand and may not actually need. So, keep your investments limited to things you understand early on.
Networking is a critical element of business. Your business needs to develop relationships with people you can trust. Trust-based relationships help foster an appreciation between your customers and your business. Appreciation for employees is another element of this. When everyone is aware of the value of your relationships, your business can grow with the right people within the company and the right people paying for your services.
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