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Are You Worn Down From Running Your Small Business? Here’s How to Take it to the Next Level

Are You Worn Down From Running Your Small Business? Here’s How to Take it to the Next Level

Update: 2019-05-22
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No matter how passionate you are about your small business, there will inevitably be times when you feel drained and discouraged, perhaps even to the point of quitting. Still, before you act on these negative emotions, it's important to assess whether it's really time to move on or if you're simply stuck in a rut. Gene Marks and Elizabeth Larkin discuss how small business owners can get to the core of their frustrations and find ways to take their business to the next level.







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Executive Summary

1:01 —Today's Topic: How Do I Take My Business to the Next Level When I'm Worn Down?



3:36 —If you are truly unhappy with your small business, it might be time to close up shop and move on. Fortunately, because of the current economic climate, now is an ideal time to sell your business.



5:04 —Another way to get your business out of a rut is to branch out and explore new territory; consider buying another industry-related business so you can expand the one you currently own.



6:15 — Sometimes, you just need to change your state and step away from your business for a little bit. Taking time off allows you to reassess your current situation from a new perspective.



9:37 —Make sure you're not taking your accomplishments for granted; look beyond your current situation and be grateful for everything your business has achieved.



10:41 —Gene cites healthcare, online retail, technology, and maintenance as the four most popular industries for start-ups in 2018.

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Transcript

Elizabeth: Gene, I love today's question because I feel like it's probably very relatable to a lot of small business owners. When I read it I thought, I'm kind of sad for these people, but honestly I think you're going to give them a really good pep talk.



Gene: I'm looking forward to it.



Elizabeth: All right. So after we hear from our sponsor we're going to get into our first question, from Sydria from Tucson, Arizona.

Our Sponsor

This podcast is brought to you by The Hartford. When the unexpected strikes, The Hartford strikes back for over 1 million small business customers with property, liability and worker's compensation insurance, check out The Hartford's <a href="https://www.thehartford.
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Are You Worn Down From Running Your Small Business? Here’s How to Take it to the Next Level

Are You Worn Down From Running Your Small Business? Here’s How to Take it to the Next Level

The Hartford