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11 Jan 2022
5 min read

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.

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