Ep 612. You’re the Problem… and the Fix

Regularly calculate your revenue per hour (RPH) and use it to project future revenue and assess company capacity, leveraging AI tools like Chat GPT for assistance.

Recognize that you, as the leader, are the primary driver of your company's success or failure; your decisions and implementation efforts directly impact all aspects of the business.

Seek and accept honest feedback from mentors, trusted friends, and your team to identify and address leadership shortcomings, even if it's uncomfortable.

Prioritize fixing the biggest bottlenecks in your company by quantifying their financial impact, allowing you to make rational decisions about where to invest your time and resources.

Understand the evolving values of the workforce, particularly the shift towards valuing quality of life and time over solely monetary compensation, to better attract and retain employees.

Invest in tools like LMN for budgeting and estimating, and fractional CFO services from companies like Cycle CPA, to gain confidence in pricing, understand your company's financial pulse, and manage growth effectively.

Define your personal and business goals clearly before embarking on self-improvement, as this clarity will guide your focus and efforts in working on yourself as a leader.