Ep 17 - Boundaries in Business
Podcast Summary:
In this episode titled "Boundaries in Business," host Audrey Heesch discusses the importance of setting and maintaining boundaries in your business. She emphasizes the need to understand the motivations behind people pushing boundaries, whether it's entitlement, greed, or survival. Audrey provides examples from her own experiences and real-life situations to illustrate her points.
She encourages business owners to reevaluate and restate their intentions when boundaries are challenged instead of immediately changing rules or policies. Audrey suggests categorizing boundary-pushing behavior into entitlement, greed, or survival to determine the appropriate response. She also highlights the significance of addressing outliers without compromising policies that benefit the majority.
Throughout the episode, Audrey stresses the importance of open communication, empathy, and understanding human nature in managing a business effectively.
Also check out the 2 minute Financial Success Strategy quiz for entrepreneurs -> www.thegracefulpenny.com/quiz
Show Notes:
Introduction to the episode's topic: Boundaries in Business
The importance of understanding why boundaries are being pushed
Categorizing motivations: entitlement, greed, or survival
Examples of boundary-pushing behavior in politics and small businesses
Addressing boundary-pushing behavior
Reevaluating and restating intentions instead of changing rules
Handling one-off situations vs. addressing systemic issues
Balancing the needs of the business and employees/customers
Example 1: Addressing potential misuse in a workshop setting
Example 2: Oregon's legislation to address legislative walkouts
Voters passing a bill to prevent unexcused absences
Republican lawmakers challenging the law's intention
The importance of restating intentions and maintaining boundaries
Avoiding unnecessary complications or changes to policies
Recognizing the challenges of managing people as a business owner
Reminders and updates
Payroll reporting and estimated tax payments due
Upcoming step-by-step guide for Corporate Transparency Act reporting
Closing thoughts and promotion of Audrey's financial success strategy quiz
www.thegracefulpenny.com/quiz