Ever had that feeling where, you are so nervous that you think you are going to throw up? Well, that was a daily feeling for the entire year. Let me tell you how to accomplish amazing feeling.
The decision to expand with another truck and more equipment was meant to propel the business to new heights, but it brought a slew of challenges. Introducing a new crew lead was a necessary move, but disastrous cash flow soon became the elephant in the room. Balancing the books became a precarious act and keeping up with payroll became a nail-biting exercise, always teetering on the edge of uncertainty.
The struggle was exacerbated because the training of the new hires took longer than anticipated, impacting our ability to hit revenue targets. I made the mistake of assuming that the new team members would immediately match the productivity of seasoned employees (if you have not gotten it yet, I am pretty dumb). The ambitious stretch goal of $650,000 in revenue fell short, with the final tally landing at $512,000.
Leadership woes persisted, and the cracks began to show. The first salaried employee, a vital part of the team, reached a breaking point, threatening to quit. This probably should have been a good sign that something needed to change. I did sit down with him and try to figure out a solution. What I came up with was a Band-Aid, that I can see now, was just surface level, but things seemed to get better over the short term.
To complicate matters, the personal front added to the pressure. Balancing the demands of a growing business with the responsibilities of being a parent to a two-year-old, my wife began questioning the sacrifices we were making. The toll on work-life balance and the strain on family relationships became glaringly apparent.
This year should of become a turning point, forcing a critical reflection on the business and personal priorities. It was clear that I needed a drastic overhaul, and decisions should have had been made to ensure not just survival but sustainable growth. I should have reevaluated leadership strategies, improving communication, and finding a better equilibrium between the demands of the business and the needs of family..