Inflation and Small Business | S04E10

The cost of doing business seems to be rising by the day. Inflation is hitting small businesses pretty hard. The current economy and labor market are so different than even just a couple years ago. And when you’ve got a team, wages, in particular, are a big consideration in your budget. Because of these unique changes, I hope to help you have a bit of a brain shift in this episode. As leaders, we have Two Buckets to recognize: Beliefs and thoughts (including the opinions of others) versus Facts. The impact of all the information constantly coming at us can make opinions appear as facts. This can dramatically affect how we look at, and what we feel about, everything going on in our businesses. It can especially affect our opinion about hiring and paying wages. So let me give you a bit of tough love and let’s talk about all this. “Or you just decide, ‘You know what? I signed up to be a business owner. The economy’s a little wackadoodle right now. I’m gonna figure out my plan. And I’m gonna execute the hell out of it’.” – Kris Plachy What You’ll Learn The Two Buckets: Facts versus Thoughts Perpetuating facts Practical decisions without drama Wages and your philosophy Helpful adjustments Contact Info and Recommended Resources Get FREE help for managing stress: krisplachy.com/overwhelmed. Connect with Kris Plachy Reminders: Join Kris’ email list for valuable content by heading over to krisplachy.com and dropping your name in the signup box! Get How to CEO DIGITAL! This course is available for all entrepreneurs looking to increase their business mastery. Access includes weekly Q&A calls for additional help. CEO Immersion (aka How to CEO LIVE!) Five full days of complete immersion during which you’ll be coached and advised, and you’ll develop every team system you need to have in place to build an amazing team. You, and your person that helps you with all this (your Ops person), will leave with everything in hand, built, documented, ALL ready to implement. It will be a week of not just learning about how to do things but having everything developed so you can implement immediately. The week is scheduled for late August, in Scottsdale, AZ. You must be at 7 figures to join because the complexity of your team is important for this exercise. Get in on the CEO LIVE Immersion: CEOImmersion.com Work with Kris: How to CEO Email: [email protected] Linkedin Instagram Facebook Pinterest Medium