EP 129: Stupid Mistakes Business Owners Make & How to Avoid Them – With Micah Logan
Episode Summary:
In this episode of Practice Growth HQ, I speak with Micah Logan about the common yet critical mistakes that business owners often make, and how to avoid them.
Micah is an award-winning entrepreneur and business coach who developed the B.O.P. framework to help small businesses succeed. He shares invaluable insights on the typical pitfalls that can slow down or even derail your business growth, and more importantly, how to steer clear of them.
If you’re ready to streamline your operations, avoid common traps, and drive your business forward, you can’t afford to miss this episode!
What you’ll learn:
- (06:52) Why implementing solutions quickly is key to keeping your momentum going
- (08:53) How to avoid overcomplicating your business processes
- (10:36) Easy ways to track and understand the key numbers in your business
- (15:31) The value of strategic planning for long-term business growth
- (17:54) Why you should track your revenue sources and not just rely on daily bank balances
- (23:54) How to set up effective feedback loops in your organisation
- (28:30) The dangers of distracted focus and tips to stay on track with your goals
- (32:06) How to balance new growth ideas with maintaining efficiency
- (34:50) The importance of regularly reviewing and adjusting your business strategy
- Plus loads more!
Links and Resources:
Website: https://www.micah-logan.com/
