169 - How to Create a Team-Oriented Culture to Grow Your Business with Mel Abraham

Scale Your Small Business

Today's guest learned how to build a business from nothing. After a partnership, the breakup left him with no clients, no cash flow, and no work backlog, and almost a half a million dollars in debt. He spent most of his early career obsessing about understanding what drives business success, but more importantly, how to create a life by design through entrepreneurship and business. Today, he helps business owners and entrepreneurs build meaningful businesses so they can have more profit fans and freedom. Meet Mel Abraham and what your small business can do to prepare for and protect your finances during a recession or a potential market downturn.

Here are the top takeaways from this episode:

• One of the first things we should be doing is spending time with our credit card statements and our profit and loss statements. If you aren't good with reading financials, now is the time to do it. Take a look at everything that's going out and make sure that it makes sense and that it's bringing something else in.

• Get your team on board to create an optimized organization, optimized business, and think through the eyes of impact and profits. Things will then start to shift, because you have everyone in the boat rowing the same way.

• When we have community, we can find some solace and peace in knowing that we're not alone. It also provides a sounding board that allows us to bounce ideas, massage ideas, and check perspectives that maybe we wouldn't otherwise have if we're siloed.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

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