Episode #298: Tough Decisions
We make a lot of big decisions as entrepreneurs. Often, these decisions involve trying new things, such as investing in a new technology, launching a new offer, or building out your team. But our most challenging decisions often involve letting go: shutting down a business that is no longer serving us, parting ways with a partner, or saying goodbye to a team member who just isn't a good fit.
It's hard to really grasp how many big decisions you have to make as a business owner (and how often you’ll need to make them!) before you take that leap. In this episode of The Business of Thinking Big, I talk about how we can get better at making those tough decisions — the things that we NEED to make a call on in order to move forward and take our businesses to the next level.
Press play to learn my best decision-making tips, with a few real-life examples of the tough decisions that I’ve had to make in my own businesses!
In this episode, you’ll discover:
- How to identify the offers that are truly serving your business — and the offers that just aren’t working anymore
- How to recognize when it’s time to let go of a team member or partner
- How to know when the choice that you made was the right one for you and your business
Timestamps:
00:35 Intro
03:39 Closing my first business
06:33 Choosing between your revenue streams
11:04 Letting a team member or partner go
17:05 Team member call story
19:03 Take action & lead from kindness
21:58 Identifying your desired end result
23:37 Conclusion
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