How to Cope When Being the Boss Sucks

Profit Is A Choice

173: How to Cope When Being the Boss Sucks with Michele Williams

Today’s podcast is a request by more than one client of mine. You see, owning a business is not all roses and profits – it means owning the hard and sometimes yukky parts, too. Let’s dig in to learn some coping mechanisms and strategies for dealing with the parts of business that suck.

Topics Mentioned:

• 5 E-Strategy

• Communication

• Intention

• Leadership

Key Thoughts:

• The biggest area of difficulty as businesses grow is not just the financial burden and monitoring – but the people management. Michele (3:10)

• Educate on the job and tasks needed. Equip your employee with all they need to get the job done well. Set clear expectations so they know what to do, when, how, and in what format you want the deliverables. Empower them to get the job done, and encourage them along the way. Michele (4:10)

• Another area around the people part of the company to consider- and most of you have heard this statement, “Hire slowly, fire fast.” This is truth. Michele (6:34)

• When we think about other difficulties outside of the teams we are building and working with, the other problems that arise seem to be focused on marketing and sales, finances, and operations. This is exactly why we work through being intentional about everything and creating repeatable processes to reduce stress in my coaching practice. Michele (9:08)

Contact Michele:

• Email: [e-mail]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

• Website: ScarletThreadConsulting.com

• LinkedIn: Michele Williams

References and Resources:

• AIM Masterclass - Watch now

• Pricing Without Emotion®

• Understanding Your Financials™

• Master Your Profit®

• One Minute Manager by Ken Blanchard

• Management Would Be Easy…If it Weren’t for the People by Patricia Addesso

• HR Assistance: Bambee