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Tips & Tools for Small to Mid-Sized Business Owners & Leaders
December 2024
The Inspire Results newsletter is published monthly
 
Growing a Small Business
Only 3 Ways to Create Capacity
Growing a small business requires increasing capacity. But there are a lot of ways to increase capacity in your small business. The trick is identifying the ones that will work in your business.

In this article we’ll share a practical and simple way to find the best path to growing a small business and increasing capacity customized to YOUR small business. (And check out one client’s success story below)!

What makes the search simple is that there are only 3 places in your business to look if you want to increase capacity—

1. People
2. Processes
3. Technology

Does your business need more capacity? You do if you:

✓ Feel overwhelmed or your staff feels overwhelmed

✓ Think the only way your business could handle more business is if you hired someone

✓ Lack standard operating procedures

✓ Believe you don’t have time to work with a business coach

✓ Experience frequent delays in product delivery

✓ Have technology that can do more than you’re using it for

✓ Know you need to be more innovative but don’t have the time

When you think about the definition of capacity, who doesn’t need it?! It’s what growing a small business is all about. As business coaches, business owners seek us out for a lot of complex reasons, the majority of which can fall into the need to create more capacity.

Stated differently, increase your capacity and you’ll have—

✓ Enhanced productivity – With adequate capacity, tasks can be completed more efficiently, reducing stress and boosting output.

✓ Improved morale – A well-supported team is a motivated team. Increasing capacity can lead to higher job satisfaction and lower turnover rates.

✓ Greater flexibility – Additional capacity allows your organization to be more agile and responsive to market changes and customer needs

Fortunately, you can take a simple approach to increasing capacity, because there are 3 ways to do it—through your people, your processes, or your technology. Let’s dive into each one.


Click here the 3 Ways to Increase Capacity...
Upcoming Events
 

Growth Plan Workshop
Multiple Locations & Dates


Indianapolis, IN
Jan. 09, 2025
9:30 AM – 4:00 PM

Murfreesboro, TN
Jan. 10, 2025
10:00 AM – 3:00 PM

2-Part Virtual
Jan 24 & 31, 2024
1:00 PM 3:00 PM
both days


Fort Wayne, IN
March 20, 2025
10:00 AM – 3:00 PM

Murfreesboro, TN
March 28, 2025
10:00 AM – 3:00 PM


Discover the potential in your business by completing your Single Sheet Business Plan.

Define your vision and long-range goals. Then break them into quarterly, monthly, weekly & daily goals and get a line-of-sight from your daily tasks to your 10-30 year purpose. 


Step out of the day-to-day for just 1 day, get organized, complete a prescribed planning process, and walk away with an action plan that leads to greater profits and free time back.

For owners & leaders of small to medium sized businesses. Bring your 2nd-in-command or your whole leadership team!

*Registration Required
 
 
 
The Hammer Companies’ Christmas party. All employees were in attendance, including many
family members, and a good time was had by all…including their coach, Brad Justus.

 
 
 
 
Help business owners who need us, find us.
Connect us and get $1k!
Make an e-intro to Brad@InspireResults.com with the biz owner's name, company name, & email address. We'll do the rest.  If they become an Inspire Results client, we'll give you $1k!

 
Helpful Links

Overview of BLS Statistics on Pay and Benefits
https://www.bls.gov/bls/wages.htm

Indiana Unemployment Rate

United States Economy at a Glance (bls.gov)

Employment Cost Index
Employment Cost Index - 2023 Q02 Results (bls.gov)

Indiana Business Resources
IN.gov | The Official Website of the State of Indiana

Worker's Compensation Board of Indiana (includes PPI Guide & Calculation sheet)
WCB: Employers (in.gov)
 
"The secret of change is to focus all your energy not on fighting the old but on building the new." – Socrates
 
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