Business Owners: This is How You Take A Vacation

Posted by Iron Wheel Solutions on Nov 28, 2018 9:30:00 AM

 

 

You need a vacation. Everyone does — working too much or too hard can lead to stress, burnout, even serious health problems. Once in a while, you need to stop working and get away.

 

But you’re a business owner! How can you possibly take a vacation when the whole business revolves around you? You need to be making decisions and advising your managers and staff on a daily basis or the whole thing falls apart!

 

Well, maybe that’s the problem. Here’s how to take a vacation as a business owner.

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Topics: Business Tips, Q4 questions to ask yourself, Q4 Business Tips

How Your Business Is Like Thanksgiving Dinner

Posted by Iron Wheel Solutions on Nov 13, 2018 5:33:23 PM

 

 

Thanksgiving dinner is a substantial undertaking. It requires lots of people working together on a variety of jobs, some big and some small, making sure everything is timed properly to meet deadlines, otherwise one person gets stuck with all the work and feels completely overwhelmed.

 

Sound familiar?

 

The truth is, running a business and cooking a huge meal aren’t so different, at least in principle. Both of them require juggling priorities, planning ahead, organizing your workflows, and delegating smaller tasks. But the lessons you can take from Thanksgiving dinner don’t stop there.

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Topics: Business Tips, Thanksgiving Dinner

Your Business Partnership Needs Work

Posted by Iron Wheel Solutions on Nov 8, 2018 12:17:17 PM

 

 

Starting a business on your own — much less running one — is hard work. You’ll find yourself stretched pretty thin, and that’s a fast lane to stress, poor health, and burnout. That’s why many entrepreneurs choose to bring on a partner to help them out.

 

A partner helps in a lot of ways — they bring their own set of skills, their own contacts, their own unique perspective, and, yes, their own funding. More importantly, they can take some of the pressure off of you and shoulder some of the responsibilities that are weighing you down — provided you trust each other, that is.

 

A good business partnership is all about trust. You and your partner need to have absolute confidence in each other’s ability to handle your own responsibilities — if you feel like you have to keep an eye on your partner all the time, you might as well be carrying the whole workload yourself. Here are a few tips to make sure your business partnership runs smoothly.

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Topics: Business Tips, Business Partnership

4 Questions To Ask Yourself In Q4

Posted by Iron Wheel Solutions on Oct 25, 2018 1:38:20 PM

 

 

The year has flown by, like it always seems to, and Q4 is upon us. You’ve got three months before the end of the year to make sure everything is in order, and some of the biggest sales days of the year are coming up. Here’s what you need to be thinking about before the new year rolls around.

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Topics: Business Tips, Q4 Business Tips, Q4 questions to ask yourself

5 Things To Do If You’re In A Revenue Rut

Posted by Iron Wheel Solutions on Oct 17, 2018 1:29:29 PM

 


 

Companies often experience substantial growth when they launch, or when they introduce a product. You fill a niche in the market that customers had been craving, and your sales climb steadily as purchases flood in. Then suddenly, the growth stops.

 

In most cases, this isn’t a dramatic boom and bust. Businesses rarely go out of business overnight. Instead, revenue simply flattens. You’re not losing ground, but you’re not taking in any new customers either. For some reason, you’re stuck.

 

So how do you get out of it? Whether revenue plateaued because of internal reasons or something in the market, here are five approaches you can take to break out of your rut.

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Topics: Revenue

CEO Burnout - How To Know When To Step Back

Posted by Iron Wheel Solutions on Oct 9, 2018 10:00:00 AM

 


 

You started a business from nothing, and it became a passion. You ran it through thick and thin. But lately, you just feel like you can’t keep up. It’s called burnout, and it’s a serious problem — especially when it happens to the boss.

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Topics: CEO

8 Things You Should Do For Your Business Going Into Q4

Posted by Iron Wheel Solutions on Sep 26, 2018 12:27:46 PM

 

Is it after Labor Day already? Q4 rolls around at the same time every year, but it still seems to catch us off guard. Just 16 short weeks from now, it’ll be a new year, and you need to be ready. Here are some things you can get a jump on to make the next few months as stress-free as possible.

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Topics: Business Tips

Business Owners: Are You Being Ghosted?

Posted by Iron Wheel Solutions on Sep 19, 2018 11:27:22 AM

 

What is Ghosting?

 

The term “ghosting” started in the dating world. Let’s say two people meet, either in person or online. They strike up a conversation, often through texting, phone conversations, Twitter DMs, etc. Suddenly, one person simply stops responding. Calls go unanswered, texts go unread, all contact just disappears.

 

In the business world, ghosting usually refers to employees, not potential dates. Candidates agree to job interviews and then never arrive. Some will accept job offers and then fail to show up for the first day of work. Some who want to quit their jobs — presumably hoping to avoid an awkward conversation with their boss — will just walk out the door and never look back.

 

The only way for a hirer or manager to deduce that they’ve been ghosted is after several days of trying to contact the ghoster in question, and then the hiring process starts again — after several days’ lost productivity, of course.

 

It’s a growing problem in the business world, and whether you’ve already experienced it or not, you should know how to handle it.

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Topics: hiring managers, ghosted, business owners

Is A Subscription Model Right For Your Business?

Posted by Iron Wheel Solutions on Sep 13, 2018 11:26:49 AM

 

 

While the world is becoming increasingly digitized, one of the fastest-growing business models is also one of the oldest: subscriptions.

 

Whether it’s Netflix, Spotify, Amazon Prime, or any number of monthly home delivery services, businesses based on a flat monthly or yearly rate are booming.

 

The idea is simple: instead of charging piecemeal for each item or service you provide, users pay a regular fee and get access to the entire suite you have on offer. For companies with huge catalogs of music, movies, or TV shows — products that don’t require any form of physical, real-world delivery — it’s perfect. But is it right for you?

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Topics: subscription model

These 8 Signs Mean It Might Be Time to Buy Out Your Partner

Posted by Iron Wheel Solutions on Aug 20, 2018 10:00:00 AM

 

 

Even when business partnerships start well, sometimes they turn sour. In fact, according to Forbes, 80% of business partnerships eventually fail.

 

If you want your business to succeed, you need to make sure you’re in the 20% that make it. If you see any of these warning signs with your business partner, it might be time to shake things up.

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Topics: partner buy out