June 2, 2022 by Daran Wastchak

#025  The #1 Challenge for Small Business Owners

The Freedom Focused Podcast
025 The #1 Challenge for Small Business Owners

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In this episode, host Daran Wastchak will be talking about the biggest challenges identified by small business owners in today’s economy, with particular focus on the number one challenge that rises to the top of most business owner’s list.

Research shows that “cashflow” and a “lack of capital” were the number one issue for the past decade or so, but current events and significant swings in the economy caused by the traumatic disruptions of the global pandemic have caused a new champion to rise to the top.

Join Daran for this week’s episode to learn what this challenge is, how business owners have been responding, and what you can do, contrary to what other business owners are doing, to overcome this and other critical challenges to the success of your business.

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Here's a glance at this episode...

  • [01:28] Growth was the number one challenge identified by small business owners.
  • [03:24] What does the US Bureau of Labor Statistics consider to be a “small business?”
  • [04:50] Having a low number of applicants to fill positions is the number one difficulty when it comes to filling positions according to Guidant’s research in 2022. 
  • [06:05] I relied on the culture of my company to attract and retain employees.
  • [07:08] It started with creating a vision.
  • [08:24] Having core values is also essential to employees.

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