Five-time founder, Joe Blattner, Owner of COMPackage, joins Bill today to dive into his journey and the secrets of his business success. Joe discusses the importance of keeping burn rates low, the significance of one key business metric, and the necessity of surrounding oneself with the right people. He also discusses how he handles stress, the impact of creative office environments, and his ventures in sustainability with Green Rated and Clean Rated. This episode provides rich insights into business growth, strategic thinking, and personal philosophies that have helped Joe succeed in various ventures over several decades.

Takeaways:

• Focus on Burn Rate Management: Keeping burn rate low is crucial. Business owners should aim to minimize expenses and manage cash flow effectively to ensure sustainability, especially during uncertain times.
• Surround Yourself with the Right People: Hiring competent and passionate individuals can significantly contribute to the success of a business. Building a strong team that complements your skills is essential.
• Innovate with Technology: Embrace technology and automation to streamline operations and stay ahead of the competition. Early adoption of new tech can provide a competitive edge.
• Effective Stress Management: It's important for business owners to find effective ways to manage stress. Whether through delegation, maintaining a positive outlook, or regular relaxation, mental health should be a priority.
• Learn from Failures: Viewing failures as learning opportunities can foster growth and improvement. Analyzing mistakes and adapting strategies accordingly helps in long-term success.
• Creative Problem Solving: Encouraging creativity within the team and embracing innovative solutions can differentiate your business. Creativity isn’t just for marketing; it can apply to all aspects of operations.

Quote of the Show:

“ I just blind myself to the hard times and say, make this work. Do the right thing and make this work.” - Joe Blattner

What problem can the listeners help you solve?

• Joe is looking to sell his business within the next year.

Links:

• LinkedIn: https://www.linkedin.com/in/joeblattner/
• Website: https://www.compackage.com/

Ways to Tune In:

• Transistor: https://steelcitygrowth.live/
• Spotify: https://open.spotify.com/show/4SBtiD6wOmd2EFCYh4PW3Z
• Apple Podcasts: https://podcasts.apple.com/us/podcast/steel-city-growth/id1806713142
• Amazon Music: https://music.amazon.com/podcasts/42813799-b7e8-432a-a9d5-aa6d67b8f8f3/steel-city-growth
• Podchaser: https://www.podchaser.com/podcasts/steel-city-growth-6053619
• YouTube: https://www.youtube.com/@SteelCityGrowth