Let's Talk Business hosts Marc, Heather, and Howie, draw an analogy between business growth stages and raising a child. They discuss the transition from the demanding "baby stage" of constant investment to the "toddler phase" where businesses start to see traction and make profits but still require effort and hustle, highlighting the importance of managing business immaturity effectively.
Marc:
That's actually a stage of business. I hate my job, but I want my benefits and my pay.
Howie:
Correct.
Marc:
That's actually pretty good.
Heather:
I feel like a business really follows the trend of raising a child pretty well. 'Cause I work with a lot of business owners in their toddler phase. They're past the baby stage where you have to constantly be on it to make sure it's alive and going and you have to be constantly working on it and it's getting,
Howie:
And constantly investing money, you're making a profit. That's the baby stage, you're not getting anything in return. Just putting money into it.
Heather:
Just pouring into it with really, they're giving you nothing. They don't smile at you yet. It doesn't really give you any nod. You don't see a lot of traction. And then all of a sudden they're toddler businesses. They start seeing the traction. You're making some money, you're getting some work done, and you're still though hustling. And one of the ways that I equate immaturity in businesses, is a business that just runs ragged.
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