How Work-Life Balance HELPS Your Business

In this episode of Chew on This, Ron and Ash sit down with Ben Sharf, Co-Founder of Platter, to discuss his journey and emphasize the importance of work-life balance in business. Ben shares insights on leaving a job to start a business, learning from experienced entrepreneurs, and utilizing personal strengths in business. He highlights the significance of hiring people for tasks where one lacks expertise, trusting employees, and scaling a business effectively. Ben also stresses the importance of avoiding wasting time on ideas and focusing on problem-solving. Their conversation provides valuable lessons on entrepreneurship, work-life balance, and building a successful business. ❓ How to build a team of 60 people in 2 months 🤝 Platter’s solution to the proliferation of apps in the Shopify ecosystem 🌐 The business benefits of consolidating apps and increasing efficiency for e-commerce brands 💪 The importance of separating work and personal life for increased productivity and satisfaction 🤑 Tech-enabled services as a profitable form of R&D for software products 0:00 - Intro. ​1:06 - Working on website creation.​ 2:08 - Revenue in 5 months with 800 employees. ​3:06 - Leaving a job to start a business. 4:01 - Learning from experienced entrepreneurs.​ 5:03 - Utilizing personal strengths in business. ​6:11 - Hiring people for tasks you're not good at.​ 7:04 - Trusting and scaling a business.​ 8:03 - Avoiding wasting time on ideas.​ 10:30 - Building an ecosystem of features rather than standalone products for scalability. 13:00 - Recognizing the drop-off in utility of apps and focusing on building value. 15:43 - Transitioning from services to a software product for profitability and growth. 23:21 - Historical perspective of subscriptions.​ 24:15 - Focusing on problem-solving rather than worrying about competition.​ 25:11 - The need to provide features for startup businesses in the market.​ 27:18 - The struggle with moderation and being all in or all out. ​31:00 - Reflecting on the decision to stop drinking and its impact on relationships and business. 32:02 - Ben's perspective on work-life balance and living work as part of life.​ 35:03 - Shifting mindset from measuring hours to focusing on productivity and balance.​ 39:06 - Setting expectations to attract the right audience. 41:25 - Emphasizing efficiency in product selection and innovation.​ 43:36 - Leveraging services as a competitive advantage for profitability. 45:11 - Final chews. Sponsored by: 📊 Motion - Motion will take your creative game to the next level. It allows all media buyers/marketers to do an in-depth creative analysis and create multiple reports which, otherwise may not be possible on the ads manager itself. 🔗 https://motionapp.com/chewonthis 📨 Sendlane - Tired of paying for hosting unnecessary contacts on your email list? Thats why we switched to Sendlane where we are only charged for the number of contacts we send to. You will unlock huge savings by signing up with them. 🔗 https://sendlane.com/chewonthis Follow us, subscribe to our newsletter, and to see our exclusive merch check out https://chewonthis.io/ Ron Shah - https://twitter.com/obviceo Ash Melwani - https://twitter.com/ashvinmelwani Chew On This - https://twitter.com/chewonthisdtc