629: The 7 Red Flags and Toxic Behaviors Happening In Your Business + How to Correct Them

The Strategy Hour Podcast: Systems and Marketing for Service Based Businesses with Boss Project - A podcast by Abagail Pumphrey - Business Strategist

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As owners and CEOs, we’ve made plenty of mistakes, but we’ve also learned a lot from them. In today’s episode, we discuss some of the mistakes we’ve made, as well as the errors we’ve seen TONS of CEOs make over the years. So, if you recognize any of these in yourself, don’t worry, you’re in good company! Tuning in, you’ll hear us break down the 7 most prominent red flags and toxic behaviors that continue to happen in business. Learn how to recognize them, why they happen, and the tiny course corrections you can make to solve them. The things that we are pointing out today are based on specific lessons we’ve observed throughout our careers. We’ve seen these errors play out in various ways, from friends who have needed to course-correct, to mistakes that we have inadvertently made in our own business. We’re taking this as an opportunity to share our knowledge so that you can become aware of these potential pitfalls and hopefully skip them altogether!  Stepping Into Your CEO Seat  In our opinion, the general conversation around stepping into your CEO seat has come with some flaws. Not only has it predominantly been discussed through a very gendered lens, but it has also been structured as a false dichotomy where there’s a wrong and a right way to do something when in truth there are many nuanced approaches one can take. We’ve learned repeatedly in business, even at the CEO level, that you have to find what works for you, and what’s in alignment with your goals. There are universal traits that we’ve recognized that hold people back from really thriving in their CEO seat in a way that is good for them.  How Much Time Do You Really Have?  You are, to some extent, lying to yourself about your time. This one is super common, but don’t worry, if you ask the right questions, you can start getting back your time and working in your zone of genius! First ask yourself, where is your time actually the most beneficial, and by that we mean, where exactly is your zone of genius? What is the number one thing that is delivering client results? Ask yourself what is truly resulting in sales in your business. Think about the environment and perspective that helps you live in your zone of genius most effectively. Maybe you need to carve out quiet time for yourself every morning that’s conducive to operating in your zone of genius. Perhaps you’re already spread way too thin and you need to accept that there are some things you won’t have time for, or that you need to give yourself permission to get something done at a much slower pace. We also talk about: You Can’t Just Wear Your Owner Hat Are You Delegating Poorly?  Why You Need To Design The Solution Before You Hire  Why Contractors Are NOT Employees How to Avoid Creating Unethical Circumstances  Allowing Perfectionism to Prevent Improvements