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Disruptors

Why Most Businesses Fail And How To Avoid It

Disruptors

Steve Trang

Business, Investing, Careers

5741 Ratings

🗓️ 8 July 2024

⏱️ 123 minutes

🧾️ Download transcript

Summary


In this episode of Disruptors, we have Austin McCurdy from Sharper Business Solutions, who flew in from Chicago to discuss why most businesses fail and how to avoid it.







Why Most Businesses Fail And How To Avoid It | Video Replay




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Why Most Businesses Fail And How To Avoid It



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Why Most Businesses Fail And How To Avoid It



Austin McCurdy | Sharper Business Solutionswww.Sharperbusiness.com







Austin McCurdy is the CEO of Sharper Talent. After graduating from college, Austin spent six years in education as a teacher and principal. In 2005, he ventured into the business world by purchasing his first Papa John’s Pizza store, eventually expanding to eight locations across three states. After earning multiple awards for sales and operations, Austin sold his stores in 2017 and joined the Sharper Team to help businesses achieve their goals. With experience managing over 200 employees, Austin’s hiring and role placement expertise is an invaluable asset to our clients.







Why Most Businesses Fail And How To Avoid It | Takeaways



1. People are the biggest difference between average and elite businesses. Having the right people in the right roles is crucial.







2. Using behavioral assessments like the Predictive Index can help match people to roles they are naturally suited for and motivated by.







3. Different roles require different behavioral profiles – for example, acquisition managers need to be more dominant while lead managers need to be more collaborative.







4. Self-awareness as a leader is critical to hiring complementary team members who balance out your weaknesses.







5. Having the right strategy and hiring people who can execute that strategy is key, rather than just hiring based on experience or gut feeling during interviews.







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Transcript

Click on a timestamp to play from that location

0:00.0

95% of people will tell you they're self-aware.

0:03.0

And self-aware is knowing how your behavior affects other people.

0:06.0

Only 15% actually are.

0:08.0

Yeah.

0:09.0

And so usually when I go to work with a client, first thing we look at is lead management.

0:12.0

Like right out of the gate.

0:13.0

How fast are we responding to web leads?

0:15.0

It's, you know, 24 hours, two hours.

0:19.0

You know, it's rarely ever is is it two minutes. And in sales

0:23.3

partners in particular, and leads come in, and we have this very casual nonchalant, whatever. And I'm

0:29.7

looking at him, I'm like, I would lose my mind and fire people. This is like $35,000 wholesale flip, whatever. And your people are just like,

0:40.6

hey, we'll get back to them, we get back to it. And you guys aren't losing your mind right now.

0:45.4

Hey, everybody. Thank you for joining us for today's episode, Disruptors. Today we have

0:48.5

Austin McCurdy with Sharper Business Solutions. And he flew from Chicago to talk about the biggest

0:53.6

difference between average operators and elite businesses. And he flew from Chicago to talk about the biggest difference between average

0:55.3

operators and elite businesses. And Austin's actually coming here because he's actually coaching me

1:01.3

and my team. Guys, I'm on a mission to create 100 millionaires. The information on the show alone

1:05.2

is enough to help you become a millionaire. In the next five to seven years, if you'll take

1:09.3

consistent action, you'll become one.

1:11.6

Guys, if you get value out of the show, please hit that subscribe button.

1:15.1

That way we can all grow together.

1:16.9

You ready?

...

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