Grow Great - A City Government Leadership Podcast

Grow Great - A City Government Leadership Podcast


Bula Business Builders: Helping Small Business Owners Hit The Trifecta

October 15, 2021

Every night while sitting in the front of the TV I’d open a large accordion file where I kept manufacturers’ literature on high-fidelity stereo gear. The file was alphabetized with a slot for every letter. Advent speaker literature went into the A. Thorens turntables into the T slot. I started this habit while in junior high because I loved music and the gear used to play my favorite records. All this cool equipment was far beyond my means, but nightly I’d look at all the features and specs and dream. I’d visit stereo stores as often as possible to hear systems I could only dream about owning. Glorious! That’s what it was to sit down in a listening room to hear a record the way it should be heard. Full fidelity. I’d leave each store with whatever new product literature was missing from my growing collection. 
A passion for music and stereo gear propelled me to walk into a stereo store when I was 16. No selling experience. No real work experience except manual labor for my dad’s business, home construction. Stepping and fetching mostly and cleaning completed construction. Not exactly the kind of work that would make your heart rate increase, except due to exhaustion. 
Somehow I wound up in front of the owner of this stereo store – a store with four sound rooms, each armed with those 70s fixtures, sliding glass patio doors. Sitting in his office he began to grill me about products, including products his store didn’t carry. I quickly was able to answer all his questions, including the only one I still remember. “What do the model numbers of Marantz receivers represent?” No problem. I knew the answer, “Their wattage per channel.” He hired me right there. My first real job working for a small business owner. Straight commission. I was hooked.
In 2007 I formally began to serve small business owners. Years of being in the trenches of working to achieve the trifecta of business building compelled me to serve “my people.” People with whom I have more in common than probably any other segment of business people. Small business is close to my heart. Admittedly, I’m biased heavily in favor of the entrepreneur working hard to make a difference in their part of the world. 
In 1984 I was 27 years old. I was a couple of years into my first #1 leadership role running a business with $14M in annual revenue. The trifecta of business building became a reality sitting in my office one morning battling the issues of the day. As I pondered a variety of challenges that day I had a rare epiphany, all my challenges in running a small business could be distilled into three categories – the three things that were most important in operating a successful enterprise.
Getting new customers
Serving existing customers better
Not going crazy in the process
 
Nothing else mattered. I began to think of my business that way. Every action fits into one or more of the categories. From purchasing to merchandising, to cash flow management, to profit margins, to personnel, to operational efficiencies…you name it, I could instantly make it fit. 
Over the years as I encountered other operators of small businesses I learned that we shared similar frustrations and challenges. But I also learned that if I was going to achieve stellar results – I was never satisfied with being good…I wanted to be remarkable – I’d have to do something others weren’t doing. Perhaps I’d have to avoid doing what others were doing. Sometimes you have to be like Captain Kirk of Star Trek and go where nobody has gone before. Besides, it’s fun!
Helping small business owners is a passion. Coaching city government leaders is also a passion. These days, they’re more congruent than you may think because they’re both about high impact influence.