It’s super frustrating. You’ve hired someone who seemed perfect on paper, but soon, you're back to square one. Maybe it’s a culture clash, or maybe you missed some red flags. In either case, it's frustrating and costly. If you've ever struggled with finding and keeping the right employees, then this episode of Mike & Blaine is for you. Tune in while they discuss the secrets to successful recruiting and retention.

Don't miss out on the latest insights and entertaining discussions on entrepreneurship, small business, and random BS. Subscribe, follow, and like Mike and Blaine's "Business, Beer, and BS" and catch every episode!

Featured Beer: @snakelakebrewco

Mike: Neighbor Pat’s Smoked Porter

Blaine: Snake Lake - Birthday Suit DIPA

Thanks to our Beer Sponsors! Rachel Barnett from Gentle Frog, ‘Baltimore Mike,’ CPA Larry Weinstein, and Neighbor Pat!

Listen to all our episodes at mikeandblaine.com

cashflowmike.com

dryrun.com

Watch on YouTube: https://youtu.be/Zr3l3iY3zuk

#mikeandblaine #smallbusines #cashflow #finance #beer #entrepreneur #craftbeer

Show Notes

In this episode, Mike and Blaine discuss the challenges of finding and keeping good employees. They share personal stories and insights on recruiting, retention, and the importance of hiring for fit. They emphasize the significance of culture and customer service in building a successful team. The conversation highlights the need for owners to set the tone and create a positive work environment. The conversation explores the importance of finding the right people for a team and creating a positive work culture. It emphasizes the need for a good fit between employees and the company's values and goals.

The hosts discuss the challenges of hiring and retaining employees, as well as the role of motivation and personal interests in employee satisfaction. They also touch on the impact of culture on team dynamics and the importance of effective communication and collaboration. The conversation concludes with a brief mention of the Edmonton Oilers hockey team.

Takeaways

• Finding and keeping good employees is a common challenge for businesses.
• Hiring for fit is crucial to building a successful team.
• Culture and customer service play a significant role in employee satisfaction and customer experience.
• Owners need to set the tone and create a positive work environment.
• Listening to customers and valuing their feedback is essential for business growth. Finding the right people for a team is crucial for success.
• A good fit between employees and the company's values and goals is essential.
• Motivation and personal interests play a significant role in employee satisfaction.
• Culture and team dynamics greatly impact the overall performance of a team.
• Effective communication and collaboration are key to a successful work environment.
• Hiring the right person is the first step in ensuring employee retention

Support the Show.

Catch more episodes, see our sponsors and get in touch at https://mikeandblaine.com/

Join us on Mike & Blaine as we tackle the hot topic of AI vs. MI (My Intelligence). Discover why no algorithm can match the wit, wisdom, and wild ideas that come from real human brains. We’ll share some hilarious examples and thought-provoking insights on why your smarts beat silicon any day. It's a fun and enlightening chat that proves humans still have the edge in the age of AI. Tune in for a blend of laughs and learning!

Don't miss out on the latest insights and entertaining discussions on entrepreneurship, small business, and random BS. Subscribe, follow, and like Mike and Blaine's "Business, Beer, and BS" and catch every episode!

Featured Beer: @GooseIsland @BrasserieDieuduCiel

Mike: Goose Island - Bourbon County Brand Stout

Blaine: Dieu Du Ciel - Peche Mortel

Thanks to our Beer Sponsors! Jaqi York from Blooming CFO, Rachel Barnett from Gentle Frog, ‘Baltimore Mike,’ CPA Larry Weinstein, and neighbour Pat!

Watch on YouTube: https://youtu.be/9wduc-ROGAs

Listen to all our episodes at mikeandblaine.com

cashflowmike.com

dryrun.com

#mikeandblaine #smallbusines #cashflow #finance #beer #entrepreneur #craftbeer

Show Notes

In this episode, Mike and Blaine discuss the concept of being 'dumb' in business, which refers to not fully understanding one's own business. They share personal anecdotes and examples to illustrate how business owners often think they are unique and no one else has faced their challenges. However, they emphasize that there are common fundamentals of business that apply across industries. They also highlight the importance of understanding costs, pricing, and profitability in order to avoid financial pitfalls.

In this conversation, Mike and Blaine discuss the importance of understanding the financial metrics of a business and how they impact profitability. They emphasize the need to track hours accurately, stay under budget, and ensure enough billable hours to avoid losing money. They also highlight the significance of pricing products and services correctly to maintain a healthy gross profit margin. The conversation touches on the dangers of not understanding the financial statements of a business and the potential consequences of mispricing.

They conclude with some lighthearted banter about the Edmonton Oilers and share personal stories.

Takeaways

- Being 'dumb' in business means not fully understanding one's own business, not necessarily being unintelligent.

- Many business owners think they are unique and no one else has faced their challenges, but there are common fundamentals of business that apply across industries.

- Understanding costs, pricing, and profitability is crucial for business success.

- Learning from others who have faced similar challenges can be valuable in navigating business obstacles.

- Business owners should constantly strive to improve their understanding of their business and make informed decisions based on data and analysis. Tracking hours accurately, staying under budget, and maintaining enough billable hours are crucial for avoiding financial losses in a business.

- Pricing products and services correctly is essential for maintaining a healthy gross profit margin.

- Understanding the financial statements of a business is crucial for identifying potential problems and making informed decisions.

- Mispricing can lead to financial difficulties and should be avoided by considering the needs of the target market.

- Personal stories and banter can add an enjoyable touch to conversations.

Support the Show.

Catch more episodes, see our sponsors and get in touch at https://mikeandblaine.com/

Everyone thinks their business is unique, and no one will understand what they do. You know, because nobody does it like you. But what happens when you think like that is you can’t see yourself as successful as anyone else and end up lost in the fog of day-to-day routine. Join Mike & Blaine in this hard-hitting episode of the things we do that often hinder our own success.

Don’t miss out! Subscribe, follow, and like "Business, Beer, and BS" for engaging stories, valuable lessons, and great entertainment. Catch every episode!

Featured Beer:

Mike: Neighbour Pat’s - Blue Moon

Blaine: Anchorage Brewing - Dual Sided Triple IPA

Thanks to our Beer Sponsors! Jaqi York from Blooming CFO, Rachel Barnett from Gentle Frog, ‘Baltimore Mike,’ CPA Larry Weinstein, and neighbour Pat!

Watch on YouTube: https://youtu.be/E9aaNO0El8g

Listen to all our episodes at: mikeandblaine.com

cashflowmike.com

dryrun.com

#mikeandblaine #smallbusines #cashflow #finance #beer #entrepreneur #craftbeer

Show Notes

In this episode, Mike and Blaine discuss the concept of being 'dumb' in business, which refers to not fully understanding one's own business. They share personal anecdotes and examples to illustrate how business owners often think they are unique and no one else has faced their challenges. However, they emphasize that there are common fundamentals of business that apply across industries. They also highlight the importance of understanding costs, pricing, and profitability in order to avoid financial pitfalls.

In this conversation, Mike and Blaine discuss the importance of understanding the financial metrics of a business and how they impact profitability. They emphasize the need to track hours accurately, stay under budget, and ensure enough billable hours to avoid losing money. They also highlight the significance of pricing products and services correctly to maintain a healthy gross profit margin. The conversation touches on the dangers of not understanding the financial statements of a business and the potential consequences of mispricing.

They conclude with some lighthearted banter about the Edmonton Oilers and share personal stories.

Takeaways

- Being 'dumb' in business means not fully understanding one's own business, not necessarily being unintelligent.
- Many business owners think they are unique and no one else has faced their challenges, but there are common fundamentals of business that apply across industries.
- Understanding costs, pricing, and profitability is crucial for business success.
- Learning from others who have faced similar challenges can be valuable in navigating business obstacles.
- Business owners should constantly strive to improve their understanding of their business and make informed decisions based on data and analysis. Tracking hours accurately, staying under budget, and maintaining enough billable hours are crucial for avoiding financial losses in a business.
- Pricing products and services correctly is essential for maintaining a healthy gross profit margin.
- Understanding the financial statements of a business is crucial for identifying potential problems and making informed decisions.
- Mispricing can lead to financial difficulties and should be avoided by considering the needs of the target market.
- Personal stories and lighthearted banter can add an enjoyable touch to conversations.

Support the Show.

Catch more episodes, see our sponsors and get in touch at https://mikeandblaine.com/