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This podcast is available on 7 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.

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Yes, this podcast regularly features guests.

Your Last Business Mentor

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by Hugh Reardon

13 episodes

Updated Weekly

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Podcast Overview

For the business owner who wants a business worth owning and not a business that owns them.

Language

🇺🇲

Publishing Since

1/24/2024

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Recent Episodes

April 11, 2024

13. The Power of Feedback: Navigating Mistakes and Boosting Engagement

Opening Clip: 00:07 - 01:18 "Think of all the times that you've got some feedback by making a mistake. You take a risk, you make a mistake, you get the feedback, whether it's a customer, whether it's you do something silly, you don't think about that.” In this episode, we delve into the vital role of feedback in businesses, specifically learning from mistakes and boosting employee engagement. We explore the importance of taking risks, making mistakes, and viewing feedback as a learning opportunity. The episode underscores the decision-making autonomy that comes with owning a business, and the learning opportunities that arise from mistakes. It emphasizes the need for staff members to also have these learning opportunities for their growth, despite the costliness of mistakes. The episode poses a thought-provoking question on striking a balance between encouraging risk-taking and minimizing costly mistakes. We further delve into the importance of feedback in enhancing employee engagement. The episode highlights the significance of regular feedback in fostering a culture of growth, engagement, and continuous learning. It explores the idea of formalizing feedback mechanisms, such as weekly one-on-ones, and the positive impact this can have on employee performance and business growth. Moreover, we explore the dynamics of giving instructions and the importance of aligning communication styles within a team. The episode highlights the value of open conversations and feedback loops in negotiating different work styles and fostering a harmonious work environment. Finally, the episode circles back to the power of feedback and the importance of consistent learning for business growth. It reminds listeners of the essential role feedback plays in learning and growing, both as an individual and a business. We hope this episode inspires you to see the power of feedback in a new light and implement these insights into your business. For more practical, empathetic, and clear business management advice, follow us on social media and subscribe to our podcast. Produced by <a href='https://thepodcastboss.com/'>The Podcast Boss</a>

March 25, 2024

12. The Business Triple Threat: Excelling at What Matters

In this episode, we delve into the concept of the 'business triple threat'. Most business owners feel they need to excel in every aspect of their business to succeed. But is this the right approach? Drawing parallels with the entertainment industry's triple threat - singing, dancing, and acting - we explore the idea of mastering multiple skills versus being competent in many and excelling in a few. We discuss the pressure of being a 'subject matter expert' in all areas of your business. While it's crucial to have a broad understanding of all facets of your enterprise, trying to excel in all areas can be overwhelming and counterproductive. We reference a study by Ulrich and Smallwood that investigated the capabilities of successful companies like Microsoft and Starbucks. Surprisingly, these companies didn't excel in all areas. Instead, they mastered three capabilities aligned with their strategic goals and were competent in the rest. Using this insight, we argue that as a business owner, your goal should be to excel in a few key areas that drive your business forward while maintaining a baseline competency in all other areas. This approach prevents the 'Jack of all trades, master of none' scenario. The episode also highlights the importance of a balanced team. Each team member should excel in their respective roles while maintaining baseline competency in other areas. This balance creates a well-rounded, efficient team that can drive your business forward. Wrapping up, we discuss how understanding and managing the friction between different skill sets within your team can lead to a more productive and balanced business. Takeaway: Identify the key areas where you need to excel, ensure you're competent in all other aspects of your business, and build a balanced team around you. Engage with us on LinkedIn and Instagram to share your thoughts or ask questions. Let's keep growing your business together. Produced by <a href='https://thepodcastboss.com/'>The Podcast Boss</a>

March 18, 2024

11. Don't Let Your Business Fall for the Post-Turtle Trap

Welcome to the world of 'Post-Turtles' in business. No, it's not an exotic new species, but a metaphor that reveals a common pitfall in hiring strategies. A 'Post-Turtle' is an individual who has been promoted or hired into a position they are unprepared for or unsuitable, leading to potential business chaos. You might even recognise a few in your own business journey! This episode dives into the concept of the 'Post-Turtle' and how it can detrimentally affect your business growth and staff management. We explore two main scenarios where 'Post-Turtles' come into play - internal promotions and external hiring. In internal promotions, 'Post-Turtles' are often competent employees promoted without due process, leading to a situation where they are out of their depth. The solution? Treat internal promotions as you would an external hire, assessing competencies and supporting the transition. In external hiring, 'Post-Turtles' can often be identified by a pattern of job hopping for promotions rather than gaining them within a single company. While this might initially appear as an aggressive career progression, it could be a red flag signalling a lack of solid experience and competencies. The episode provides practical advice on how to avoid falling into the 'Post-Turtle' trap, emphasising the importance of thorough competency testing during the hiring process, particularly for candidates with a history of job hopping. Remember, growth is about making smart decisions, not fast ones. Avoid the 'Post-Turtle' trap and ensure your business is filled with people who are competent, capable, and ready to contribute to your success. Engage further with us by subscribing, following us on social media, or visiting our website. If you have any ideas or issues you'd like us to discuss, don't hesitate to reach out. We're here to help you grow your business. Produced by <a href='https://thepodcastboss.com/'>The Podcast Boss</a>

13 total episodes available

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What is Your Last Business Mentor?: For the business owner who wants a business worth owning and not a business that owns them.
How often does this podcast release new episodes?: This podcast updates weekly.
Where can I listen to this podcast?: This podcast is available on 7 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
Does this podcast accept guests?: Yes, this podcast regularly features guests.

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