Thank you to Annette Ferguson and the Uncover Wealth Radio podcast for the recent opportunity to talk about one of the challenges for many entrepreneurial business owners!
When looking at the statistics, there are two major “humps” when it comes to the survival of small entrepreneurial businesses. The first is simply making it through the first year or more – basically determining if you have a viable product or service and a market willing to pay for that product or service.
The second major hump typically occurs around the 5-year mark when you have had success with your business, but now you have hit a ceiling and are struggling to move forward. Many times for a visionary type personality this means you are struggling to deal with people issues, profitability issues, and generally unable to move the business forward. What was once your passion has now turned into work.
In this episode, Annette and Jeff talked the challenges of this phase of business and how to rekindle the passion and excitement in your business while breaking through the ceiling and growing your business to the next level.
If this resonates, we would love to hear your story! We put together the “Building to Scale” podcast and community just for this purpose – to help out fellow entrepreneurs along this journey. Join the community or let us know if you would like to be a guest on the podcast!
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Interested in applying this to your business?
We offer a live small group workshop for entrepreneurial business leaders and their leadership teams where we break down the EOS system to determine if it is a good fit for you and your business.