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711: What Does a Year of Maintenance Actually Mean?

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Manage episode 353318405 series 1332532
Content provided by Abagail Pumphrey and Abagail Pumphrey - Business Strategist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Abagail Pumphrey and Abagail Pumphrey - Business Strategist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Anytime we have a big growth year, the year to follow is one to watch. It’s a lot of working on the business and less working in the business. We put systems back in place, bring operations up to date, and tackle all the things we were too busy to attend to the year before. We had to work some of this out while hiring seven employees. We find that identifying and communicating your focus for the year can make all the difference.

One recommendation we have is to figure out whether you’re in a red, yellow, or green year. Do you need to stop and do the bare minimum, maintain what you have, or go big or go home? Whichever method you choose, it feels better to remind yourself that you intentionally chose this as you are making decisions throughout the year.

We mindfully decided that 2023 was going to be a yellow year for us. A year of maintenance; not to restructure, but to solidify existing structures and to solidify our team. We’re building a really strong foundation and creating a sustainable business. But what does it mean to focus on creating stability and maintaining what we have?

Thank you for listening! Please subscribe, rate and review The Strategy Hour Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated. For show notes, go to thestrategyhour.com.

  continue reading

892 episodes

Artwork
iconShare
 
Manage episode 353318405 series 1332532
Content provided by Abagail Pumphrey and Abagail Pumphrey - Business Strategist. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Abagail Pumphrey and Abagail Pumphrey - Business Strategist or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Anytime we have a big growth year, the year to follow is one to watch. It’s a lot of working on the business and less working in the business. We put systems back in place, bring operations up to date, and tackle all the things we were too busy to attend to the year before. We had to work some of this out while hiring seven employees. We find that identifying and communicating your focus for the year can make all the difference.

One recommendation we have is to figure out whether you’re in a red, yellow, or green year. Do you need to stop and do the bare minimum, maintain what you have, or go big or go home? Whichever method you choose, it feels better to remind yourself that you intentionally chose this as you are making decisions throughout the year.

We mindfully decided that 2023 was going to be a yellow year for us. A year of maintenance; not to restructure, but to solidify existing structures and to solidify our team. We’re building a really strong foundation and creating a sustainable business. But what does it mean to focus on creating stability and maintaining what we have?

Thank you for listening! Please subscribe, rate and review The Strategy Hour Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated. For show notes, go to thestrategyhour.com.

  continue reading

892 episodes

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