8 min listen
Ep. 230: Erika Lucas (Part 2): When Is It Time To Close Your Business?
Ep. 230: Erika Lucas (Part 2): When Is It Time To Close Your Business?
ratings:
Length:
58 minutes
Released:
Feb 19, 2024
Format:
Podcast episode
Description
In this episode, Amanda McKinney and Erika Lucas discuss the topic of knowing when to shut down a business. They emphasize the importance of listening to customers and being receptive to their feedback and also checking in with yourself to ensure the business is still connected to your values. They also discuss failure, adaptability and getting support from other entrepreneurs. The combination of understanding data (revenue, product-market fit, etc.) as well as your capacity and willingness to continue are the keys to understanding if it's time to shut your business down or address burnout. Throughout this conversation they both share personal examples and highlight that all entrepreneurs have moments of doubt so you're not alone if you're feeling this way. Takeaways: Listen to your customers and be receptive to their feedback. Failure is a natural part of the entrepreneurial journey and should not be attached to personal identity. Adaptability is crucial for success in entrepreneurship. Self-evaluation is important to determine if your business is still aligned with your values and goals. Seek support and guidance from other entrepreneurs who have experienced similar challenges. Resources Mentioned: StitchCrew: https://www.stitchcrew.com/ VESTHer: https://www.vesther.co/ VESTHer Podcast: https://www.vesther.co/podcast Erika's LinkedIn: https://www.linkedin.com/in/erika-lucas-51207911/ Erika's Instagram: https://www.instagram.com/erika_lucas07/ Erika's Tiktok: https://www.tiktok.com/@erika_lucas7?lang=en Erika's Threads: https://www.threads.net/@erika_lucas07 Amanda's Free Resources: https://www.amandamckinney.com/free All podcast episodes: https://pod.link/1473751874 Amanda's Website: https://www.amandamckinney.com/ Amanda's Coaching Options: https://www.amandamckinney.com/coaching Amanda's Book: https://www.amandamckinney.com/book
Released:
Feb 19, 2024
Format:
Podcast episode
Titles in the series (100)
Eps. 3: It's sharing, not selling. The mindset shift that helps grow your yoga business: The idea of selling our yoga classes or other offerings like workshops and private sessions often feels gross to us as yoga teachers. But if you can make the mindset shift of sharing instead of selling, it makes all the difference in your business. In... by The Unapologetic Entrepreneur