This entrepreneur let go of her team and started again from scratch. Here’s why it quadrupled her revenue.

Welcome back to Big Trends in Small Biz, a weekly newsletter bringing you the news, tips and trends to help you with your business. Click subscribe above to be notified of future editions. This edition is part of #Reshuffle, a series from LinkedIn News focusing on the future of work. This week’s episode focuses on working parents:

Maryland-based entrepreneur Lana Hill had a bustling firm, multiple people on her staff and a host of clients turning to her for bookkeeping and business consulting services. She had made it. But it was coming with a steep cost: her life and time with her family.?

No matter how hard she worked, she always felt behind. And then it dawned on her that she had made a horrible mistake. She’d hired the wrong people and desperately needed a reset. So she slowly let go of her staff and started over.?

She now has a staff of all moms with kids of different ages and despite a global pandemic that has made life extraordinarily difficult for working parents, her business is thriving. She’s quadrupled revenue in 15 months and increased her profit margins by 24%, all while taking care of her own young children.?

In her #BusinessReimagined article — a series where entrepreneurs share their toughest challenges — Hill describes how she built her new team into one that supports one another and the business, the management policies that have worked and why overhauling her pricing strategy proved to be a key component of her success.?

How do you juggle the business and family life? What has helped you from your colleagues and what’s detracted? Have you ever gone back to the drawing board or are you pondering starting over now?

Latest Developments

• It’s not just big tech companies offering more flexibility and remote work. Read how three small businesses are implementing similar policies.?
• Trepidation is building amongst business owners on rising inflation.?
• This year’s holiday season is going to be even trickier for retailers as manufacturing delays continue to pile up.
• Amazon is entering the department store space.
• Walmart, meanwhile, is launching a delivery service that will serve local retailers.
• Merchants using Shopify will soon be able to add a shopping tab to their TikTok page.
• Yelp has become a lifeline for consumers and businesses alike, allowing companies to post their requirements and opening status. But that same transparency is leading to some poor reviews from anti-vaxxers.

Conversations For You

• A new “right to repair” law in the U.S. is giving Canadian farmers hope that a similar mandate will take effect up north. Here’s what farmers are saying.
• Wary of workers quitting or struggling with turnover? Employees are sharing what it will take to make them stay.=

Something Good

• Baby alpacas. That’s all.