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10 Things Every Business Owner Needs to Know

Melissa Franks

Are you thinking about starting a business? Already running one but unsure what to do next? In this episode, Melissa spills the tea on 10 things every business owner should know to grow faster, avoid costly mistakes, and make better decisions.

With 25 years of corporate experience, growing businesses from $50M to $350M, and working with nearly 50 entrepreneurs, Melissa shares hard-earned lessons that could save you time, money, and frustration.

What You’ll Learn in This Episode:

🔹 Simplicity Wins – Why focusing on one thing makes your business unstoppable.

🔹 Buy Expertise, Not Coaching – The difference between experts and coaches (and when you need each).

🔹 Tinkering and Pivoting Stalls Growth – Why every business change disrupts momentum.

🔹 Consistency Trumps Innovation – How sticking to what works leads to sustainable success.

🔹 You Can't Compete on Salary – But You Can Win on Benefits – How small businesses attract top talent.

🔹 Gimmicks Don't Build Loyalty – What actually makes customers stay.

🔹 You Don't Need Investors – You Need Time – Avoiding unnecessary debt when starting a business.

🔹 Friends and Family in Business Rarely Works – Why hiring strangers is often better.

🔹 Monetize What You're Good At, Not Just What People Need – The secret to building a profitable business.

Join the Conversation!

Which lesson resonated with you the most? Which one surprised you? Let’s talk! Share your thoughts:

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💡 Until next time, remember—you are wise, strong, and brave. I believe in you!