EP #14 – How To Fix A Business That Feels Stuck w/ Simon Adcock

Overview

Tradespeople have a lot to juggle when running their business. Handling all the admin, paperwork, sales, marketing, finance, and on the tools work means spreading yourself thin or long hours. Sooner or later, you’ll reach your limit.

Hiring somebody to take over some of these responisbilities is the crucial next step. But the role you hire for and who they are makes a huge difference. 

Join Tulloch has he talks to Simon Adcock from Atech Security about the fundamentals structure of any business and how to find the right person. 

Listen to the episode:

Highlights

Are business owners getting what they want from their business?

• Most business owners don’t get what they want right away. Most people are looking for a mix of growth, profit, time, enjoyment and purpose. (1:10)
• Making changes to start hitting your personal goals. Having a leadership team that shared his core values is crucial. (3:04)
• Deciding on the moment he needed a change in his business. (5:37)

The structure of a business

• The structure of any business and it’s three core functions: Sales & marketing, operations, and finance. (8:26)
• If you’re a gas engineer working as a sole trader, you’re sitting in all of those seats. This is one of the core challenges. (9:01)

What to do next if your business is stuck

• The next step is to hire somebody that can take some of these seats from you. These are some of the most important decisions for your business. (9:23)
• Simon talks about a small business owner he mentors. The mistake this business owner made was hiring someone to do the work that he enjoyed himself. (10:01)
• Delegate and elevate: looking at all the tasks you do and putting them into four boxes: What you’re good at and love, what you’re good at but hate, what you’re bad at but love, and what you’re bad at and hate. (11:44)

Being a business owner and what that means

• Business owners are frequently not good managers. (13:44)
• Energy is extremely important and often overlooked. It doesn’t matter how much time you have if the work you do drains your energy. (16:51)