The Small Business Millionaire

The Peter Principle: Why Your Business Isn't Growing, and What You Can Do About It - Ep. #8

July 13, 2020 Jeff Wiener
The Small Business Millionaire
The Peter Principle: Why Your Business Isn't Growing, and What You Can Do About It - Ep. #8
Chapters
The Small Business Millionaire
The Peter Principle: Why Your Business Isn't Growing, and What You Can Do About It - Ep. #8
Jul 13, 2020
Jeff Wiener

Every business and every person eventually reaches a ceiling. They grow just so far, and beyond that point, they need to pivot to reach the next level. It’s often difficult to tell when you’ve reached your ceiling. It’s not like there’s a little birdie up there telling you what to do next. Nor do you have your life plan written in a book that you can just flip to the next chapter.

You need to be self-reflective enough to notice when it’s happening. Sometimes, something happens to make you realize it’s time for a change.

In this podcast, I relate a personal story of what happened to me a number of years ago that made me realize that I had hit my Peter Principle or glass ceiling, and what I came to realize is that is why my business wasn't growing. I had become my business's problem.



Show Notes

Every business and every person eventually reaches a ceiling. They grow just so far, and beyond that point, they need to pivot to reach the next level. It’s often difficult to tell when you’ve reached your ceiling. It’s not like there’s a little birdie up there telling you what to do next. Nor do you have your life plan written in a book that you can just flip to the next chapter.

You need to be self-reflective enough to notice when it’s happening. Sometimes, something happens to make you realize it’s time for a change.

In this podcast, I relate a personal story of what happened to me a number of years ago that made me realize that I had hit my Peter Principle or glass ceiling, and what I came to realize is that is why my business wasn't growing. I had become my business's problem.