Small Business Edge Newsletter

Small Business Edge Newsletter

1) From Idea To Exit In Under 3 Years: 6 Lessons For Every Entrepreneur

2) Pushing Back Against Burn Out

3) Podcast Wisdom


Dear Friends and Fellow Business Owners,

Happy National Small Business Week!

In 1963, President John F. Kennedy established National Small Business Week to recognize the critical contributions of America’s small business owners. His proclamation highlighted the vital role of small businesses in the American economy and honored the entrepreneurial spirit of its citizens. The announcement also encouraged public support for small and independent businesses nationwide.

Your support, whether through purchases in local retail shops or contracts awarded to small business vendors, are not just transactions. They’re powerful acts that help build communities, create vital jobs, and fuel our nation’s prosperity.

My fellow business owners—this week is a great opportunity to celebrate your victories and assess your GPS plan for 2024. Are you on track to achieve your strategic goals this year? What changes or pivots do you need to make in your company to improve your position? Whether fine-tuning your business model, exploring new markets, or enhancing customer experiences, now is the time to solidify your company’s foundation.

And remember, in the race to be better or best, don’t forget to enjoy the journey.

Cheers!

Brian


1. From Idea To Exit In Under 3 Years: 6 Lessons For Every Entrepreneur

Did you start your business with the idea of a relatively quick exit? Then, you’ll want to hear from investors and find out what they’re looking for.

In this article on Forbes .com , successful investors reveal six key lessons startup and scaling entrepreneurs should know. One of the most important is prioritizing user experience, which can be the key to winning multimillion-dollar deals.

Learn more about how to prepare for a successful exit .

More about Entrepreneurs

2. Pushing Back Against Burn Out

More people—both employers and employees—are experiencing burnout today. A burnout researcher writes in the Harvard Business Review that burnout is affecting people at?younger ?ages—and the effects are more debilitating.

He says, “The latest?Stress in America ?survey reveals that 67% of adults ages 18 to 34 say stress makes it difficult for them to focus, 58% describe their daily stress as ‘completely overwhelming,’ and nearly half report that most days their stress is so bad they’re unable to function.”

If your team is burnt out, it increases the chances of them making mistakes and makes them less innovative and productive.

According to Gallup , it’s estimated that low employee engagement costs the global economy $8.8 trillion.

Learn more about taking proactive steps to return to your “personal sweet spot of stress. ” (Yes, that’s a good thing.)

3. Podcast Wisdom

Click HERE to listen to the podcast.


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