In this insightful episode, Chris Griffin and Khalil Benalioulhaj explore 10 critical yet rarely asked questions that business owners should regularly consider. From examining what you truly want from your business to identifying potential breaking points if your company suddenly doubled, these questions provide a framework for building more resilient and intentional businesses that serve both your clients and yourself.
What You’ll Learn
- How to identify what you actually want your business to do for you
- Which key metrics you should monitor regularly for business health
- How to identify potential breaking points in your business model
- The difference between managing people and babysitting them
- How to prepare your business for unexpected disruptions
Time Stamps
- 00:51 - Introduction and Episode Overview
- 01:56 - Question 1: What do I actually want the business to do for me?
- 10:01 - Question 2: What's the one number I need to look at every week as a business owner?
- 15:23 - Question 3: Which parts of my business would break if we doubled?
- 21:38 - Question 4: Am I managing people or am I babysitting them?
- 30:38 - Question 5: What if I had to replace myself tomorrow, what would break?
- 34:40 - Question 6: What decisions am I avoiding?
- 42:24 - Question 7: Where are we leaking margin?
- 44:56 - Question 8: What would I do differently if I weren't afraid?
- 47:30 - Question 9: How long could you survive is sales stopped today?
- 53:24 - Question 10: What's the real root cause of my stress?
- 01:01:47 - Episode Takeaways
Snippets from the Episode
- "What I want this business to do for me is generate an income for me, my family, and the people I employ—a good income. I'd like it to allow for retirement savings in addition to that."— Chris Griffin
- "Noble endeavors are great, and they help get motivation and inspiration to keep going and stay clear on what you're trying to accomplish. But the objective purpose of business is generating more cash."— Khalil Benalioulhaj
- "We're in the season of life—having kids, growing our family, desires change. I want a minivan."— Khalil Benalioulhaj
- "If I had to say, we're 90% managing and 10% babysitting. I don't know if babysitting ever goes away, but if you have a culture where you're running around worried about how much time people spend on Facebook and Instagram... that's a different type of problem."— Chris Griffin
Key Takeaways
- Know Your Personal Business Purpose
- Track Your Current Business Constraint
- Identify Potential Breaking Points
- Develop People Rather Than Babysitting
- Prepare for Your Own Replacement
- Make Difficult Decisions Promptly
- Monitor Margin Leakage Points
Resources
More from Chris
More from Khalil
