3 Hidden Sticking Points that Plague Small Businesses

3 Hidden Sticking Points that Plague Small Businesses

If there’s one thing we’ve learned from building several small businesses and working with small business owners, it’s that running a small business is hard and growing one is even harder.

There are many reasons why, but at the simplest level, it’s because you’ve got too many problems and too much to do with limited help and resources. Yet, through dedication, skill, and innovation, motivated business owners find a way to get things going. 

Yet, almost inevitably, most small businesses eventually hit a “sticking point.” Sales may flat-line or even decline. Issues with customers and quality emerge. Conditions in the market change. Cash runs short. Colleagues and employees become frustrated.

It’s is a critical time in your business. Not time to panic, but time to take quick and decisive action to right the ship.

The key at this point is taking the right action.

With that in mind, let’s take a look at three underlying and sometimes hidden factors that can cause your business to hit a sticking point. They exist on a foundational level and can impact the business from the inside out.

From Ignorance to Mastery: How Adults Learn

From Ignorance to Mastery: How Adults Learn

Becoming a better team member, manager, or leader is a learning process. Through continuous learning we grow our knowledge and skills, build our capacity to take on new challenges, and push closer to achieving our potential. If you are curious about how you can improve or how to foster growth in others, it is important to understand how learning works, specifically for adults.

The truth is that learning is a journey. Reflecting on where you are in the learning process will help you prioritize what is important, more accurately gauge your progress, and shed light on the struggles that often accompany personal growth and professional development.

Fortunately, we have a simple four-stage model to help illustrate this.