The Walt Disney Inspired Theory You Can Apply to Your Small Business
Walt Disney has inspired many past and present business owners, and no doubt he will continue to inspire future entrepreneurs. One theory that has been attributed to Disney is the “Low Ride Out” theory, and believe it or not this theory could also apply to your small business!
It’s been said that the Disney Corporation would evaluate the attractions each year and count how many people rode them, and then the ride with the least amount of riders would be replaced. You are most likely not in the theme park business, but there are some key takeaways in today’s episode. We look at three areas in your business where you could apply the “Low Ride Out” theory to increase customer satisfaction and continue to grow your business.
Also on this episode:
- Hiring / Strengths – We often hear that we should hire people who excel in the things we aren’t good at but Rochelle Ratkaj Moser, owner of Ratkaj Designs explains why we need to look at our strengths when adding people to our team. But before we can begin the hiring process, we need to be aware of what our individual strengths even are!
- Imposter Syndrome / Weaknesses – No one wants or likes the feeling of being stuck in imposter syndrome. William Deck, founder and CEO of Mind Business LLC is here to help us better understand imposter syndrome and what we can do when it takes hold.
The Idea Collective
Tired of working on your small business all by yourself? Wish you could have allies and partners willing to answer your questions, pick you up when you’re struggling and celebrate when you’re winning? Check out the international small business community that is working together to beat the odds and achieve their small business goals: The Idea Collective Small Business Incubator.
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