Small business owner Doc Rannigan joined us on our podcast this past week to share his life story and how he built his businesses from the ground up. Doc served in the United States military where he learned valuable skills and after he served in the armed forces, he went into the private sector and it was not too long before he started building his own business! Watch the full video here but below we will be talking about just a few of his tips for small business owners!
One piece of small business advice that Doc shared is to employ what he calls H.A.L.T., which is an acronym that stands for hungry, angry, alone, tired. These are all negative emotions and when you start feeling them, Doc strongly encourages you to pause what you are doing immediately, take a deep breath, and analyze the situation to determine why. If it is a short-term frustration and a one-time event, that is part of life and goes with the territory of business but if you find that you experience these emotions frequently or very intensely, take a step back and evaluate the situation.
Business is fairly straightforward: do what works, and don’t waste resources on what doesn’t work. When something isn’t working, make a change. When you don’t make a change, however, that is when things often start to bottle up and turn into the strong, negative emotions mentioned above. Identify what needs to change so that you can focus on driving your business forward and not get slowed down by the negativity around us. Use the H.A.L.T. tactic to identify negative emotions and when they start to accumulate, make a change.
Stay safe and stay blessed!
John M. Beaman
President of The McGraw Council Membership, Inc.