According to an unscientific survey with Jack Mencini’s and Adam Sonnhalter’s clients from Maximum Value Partners, quick decisions don’t turn out so well for small business owners. Waiting to make a decision at least for 24 hours is a good rule of thumb so that your thought process can be diligent and intelligent.
On their show Dirty Secrets of Small Business, they also recommend looking at email only twice a day so that you can be productive and engaged with your team. Let your ideas percolate and just don’t drop 16 ideas on your employees. It is better to think things through so that it is not an imposition on your people.
Jack Mencini and Adam Sonnhalter of Maximum Value Partners discuss the myth that small business owners can outsource their financials and not be concerned. Nothing could be more false. An owner needs to trust and verify the numbers associated with everything that is occurring with the profits, loss, sales and projections for the business.
In their show, Dirty Secrets of Small Business, Jack and Adam reinforce the idea that “You Need to Own the Numbers!” Find more insights here on our website.