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19. Understanding If a New Customer Project Is Really Worth It?

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Manage episode 445121657 series 3555569
Content provided by Kevin D Bannister. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kevin D Bannister or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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In this episode of The KBB Unstoppable Business Owner Podcast, host Kevin D. Bannister brings his wealth of experience as a business leader to one of the toughest questions every business owner faces: How do you know if a new client project is really worth your time?

It’s a dilemma that business owners often encounter—the excitement of a new project, the promise of new revenue, and the potential for growth. But, as Kevin points out, not all projects are created equal. Taking on too many projects can leave you feeling stretched thin, while the wrong type of project might lead to burnout, financial loss, or even damage to your reputation.

To solve this challenge, Kevin introduces the ACE Project Framework—a practical and straightforward tool designed to help business owners decide which projects to take on and which ones to pass up.

The Goldilocks Principle in Business:

Think of choosing projects like the classic Goldilocks story: some projects are too small, offering little financial or strategic benefit. Others are too big, potentially overwhelming you and your team, leaving you exhausted and at risk of under-delivering. But then, there are those projects that are just right—aligned perfectly with your values, within your capacity, and financially rewarding.

This sweet spot is what every business owner should aim for. Kevin walks listeners through how to find that "just right" project by assessing three critical factors: alignment, capacity, and profitability.

Throughout the episode, Kevin weaves together relatable stories of entrepreneurs who made the wrong choices—business owners who, despite their best intentions, found themselves overcommitted or stuck in projects that didn’t align with their expertise. But, he also shares examples of those who have thrived by applying the ACE Project Framework, positioning themselves for sustainable growth and success.

By the end of the episode, you’ll walk away with a clear understanding of how to find that "just right" project—the one that challenges you, rewards you, and fits perfectly within your business goals and capacities. It’s about working smarter, not harder, and building a business that

The KBB Unstoppable Business Owner podcast is sponsored by KBN - Kitchens & Bathrooms News THE business magazine for kitchen and bathroom professionals.

We hope you enjoyed this episode of The KBB Unstoppable Business Owner Podcast! If you found it valuable, please consider rating and reviewing our podcast on your favourite platform. Your feedback helps us improve and reach more listeners like you. Don’t forget to share this episode with your friends and colleagues to spread the word!

How to Leave a Review:

  • Apple Podcasts: Scroll to the bottom of the podcast page, tap "Write a Review," select your rating, and write your feedback.
  • Spotify: Tap the star icon under the podcast title on the main show page.

When you are ready here are 3 ways you can get more help/support:

  1. Join our workshop on How To Become An Unstoppable Business Owner.
  2. Download "The KBB Unstoppable Guide" and put an end to being overworked, low fees, and finally be paid what you’re worth, starting today…
  3. Connect with me on LinkedIn - send me a message and say hi, I would love to find out more about you and what kind of support you may need. Connect...
  continue reading

38 episodes

Artwork
iconShare
 
Manage episode 445121657 series 3555569
Content provided by Kevin D Bannister. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kevin D Bannister or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Send us a text

In this episode of The KBB Unstoppable Business Owner Podcast, host Kevin D. Bannister brings his wealth of experience as a business leader to one of the toughest questions every business owner faces: How do you know if a new client project is really worth your time?

It’s a dilemma that business owners often encounter—the excitement of a new project, the promise of new revenue, and the potential for growth. But, as Kevin points out, not all projects are created equal. Taking on too many projects can leave you feeling stretched thin, while the wrong type of project might lead to burnout, financial loss, or even damage to your reputation.

To solve this challenge, Kevin introduces the ACE Project Framework—a practical and straightforward tool designed to help business owners decide which projects to take on and which ones to pass up.

The Goldilocks Principle in Business:

Think of choosing projects like the classic Goldilocks story: some projects are too small, offering little financial or strategic benefit. Others are too big, potentially overwhelming you and your team, leaving you exhausted and at risk of under-delivering. But then, there are those projects that are just right—aligned perfectly with your values, within your capacity, and financially rewarding.

This sweet spot is what every business owner should aim for. Kevin walks listeners through how to find that "just right" project by assessing three critical factors: alignment, capacity, and profitability.

Throughout the episode, Kevin weaves together relatable stories of entrepreneurs who made the wrong choices—business owners who, despite their best intentions, found themselves overcommitted or stuck in projects that didn’t align with their expertise. But, he also shares examples of those who have thrived by applying the ACE Project Framework, positioning themselves for sustainable growth and success.

By the end of the episode, you’ll walk away with a clear understanding of how to find that "just right" project—the one that challenges you, rewards you, and fits perfectly within your business goals and capacities. It’s about working smarter, not harder, and building a business that

The KBB Unstoppable Business Owner podcast is sponsored by KBN - Kitchens & Bathrooms News THE business magazine for kitchen and bathroom professionals.

We hope you enjoyed this episode of The KBB Unstoppable Business Owner Podcast! If you found it valuable, please consider rating and reviewing our podcast on your favourite platform. Your feedback helps us improve and reach more listeners like you. Don’t forget to share this episode with your friends and colleagues to spread the word!

How to Leave a Review:

  • Apple Podcasts: Scroll to the bottom of the podcast page, tap "Write a Review," select your rating, and write your feedback.
  • Spotify: Tap the star icon under the podcast title on the main show page.

When you are ready here are 3 ways you can get more help/support:

  1. Join our workshop on How To Become An Unstoppable Business Owner.
  2. Download "The KBB Unstoppable Guide" and put an end to being overworked, low fees, and finally be paid what you’re worth, starting today…
  3. Connect with me on LinkedIn - send me a message and say hi, I would love to find out more about you and what kind of support you may need. Connect...
  continue reading

38 episodes

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