The Anglis Angle
The Pitfalls of Being a Beta Business
Conversely, a Beta Business is one that gets bullied by external circumstances like the economy, politics, and employee conflicts. As a result, it becomes reactive instead of proactive. In a Beta Business, the owner must be involved inevery aspect, akin to a hamster wheel, working more and making less.
Key issues with a Beta Business include:
• Constant Owner Involvement: The business can't function without the owner's hands-on involvement.
• Reactive Nature: The business responds to crises rather than anticipating and planning for them.
• Stress and Strain: The owner, overwhelmed by external pressures, becomes reactive and stressed, leading to a negative trickle-down effect.
• Workplace Bullying: The stress experienced by the owner leads to mistreatment of employees, who in turn mistreat customers.
• Insufficient Profit: A Beta Business doesn't generate a fair profit for the owner considering the risks involved in running the business.
To build a stable, profitable business that benefits both you and the broader economy, aim to create an ALPHA Business that can thrive independently of constant owner intervention.
Subscribe to The Anglis Angle
Find out what’s going on with home improvement - and what YOU need to know about it with a monthly e-newsletter from John himself.