The Power of Critical Thinking Time

The Power of Critical Thinking Time

Author: Scott Hallman

What we see so often with clients is that they’re working so much and they’re so busy in their businesses, especially working with hyper-growth businesses as we do, or successful entrepreneurial businesses that are growing like crazy, right? That’s positive. The negative is they get busy, They get wrapped up in busy work. I’m not saying they don’t do some strategic work as well or they wouldn’t be where they’re at, but don’t we all tend to get on that hamster wheel once in a while? It’s important to get away and take time for strategic thinking, to allow our brains to clear so we can really think about where we want to take the business.

The business doesn’t take us where it wants to go. Does that make sense?

(more…)

Continue ReadingThe Power of Critical Thinking Time

The Silent Profit Killer

The Silent Profit Killer

Author: Scott Hallman

Do you remember the great recession of 2008 through 2010? Some people, by the way, thought it lasted a lot longer than 2010. Perhaps you’re one of them. It was devastating for businesses. Businesses saw their sales plummet, their profitability plummet, customers not engaging in spending as much money. It was a really, really trying time. Well, it was also a trying time for my client, Paul, who has a leading cleaning oriented service for consumers. One of the top in America, Paul, like millions of businesses around the globe was suffering from the impacts of the recession. But Paul did something bold. He pivoted in the midst of a recession, went completely against conventional wisdom and actually raised his prices.

(more…)

Continue ReadingThe Silent Profit Killer

Why I Gave Up Being President of a $1B Company

Today I want to talk about something that’s so frustrating to me. It’s so pervasive in so many entrepreneurial businesses and it holds them back. It keeps them from growing. It causes them to waste enormous amounts of needless money and it is a downer for their staff as well. Matter of fact, it frustrates me so much, it caused me to give up my job as a president of a nearly billion dollar valued company, that I co-founded, in order to be able to help people like Steve. You might say, “Scott, what is this thing?” This thing is constantly swinging for the fences. Trying to hit the home run. Trying to grab the brass ring in one easy step. Always trying to do the big things to take your business to the next level. And the bottom line is this is actually a recipe for failure and disaster.

(more…)

Continue ReadingWhy I Gave Up Being President of a $1B Company