This is the second installment of an interview between Seth Morgan, Founder, and CEO of MLA Companies, and Stone Payton of Business RadioX Studios. In this section, they discuss noble business owners.
Seth ended the first section with this question: How do we keep our approach fresh and exciting while continuing to serve our existing clients? He summed it up like this: “How do we have the right people that will give the best advice to those stewards leading these organizations for good that we call businesses?”
Stone: Now, have you found that this labor pool, if that’s the right word, has changed or been impacted to any great degree with the advent of the pandemic coming on?
Seth: Oh, I think it has grown, and there’s all kinds of theories on why that is. We probably see it more dramatically playing out inside of our client base where almost every client, regardless of what industry they’re in is complaining about labor shortages. It’s not to say that we don’t see our own challenges, but frankly, in our space, good people were a challenge to find before the pandemic. It’s not because of the pandemic that there’s a shortage.
This is playing also off of the generational shift that we’ve we’ve been talking about for years as business leaders. And that is the move from boomer to X to millennial. And we’re seeing that in many ways. I think stress and uncertainty really just drive to the surface the deep-seated issues or changes or shifts that we sense. And I think the pandemic maybe just sped those up made them more evident to us.
So I think as businesses are grappling with this labor shortage, they’re also grappling with what’s really a cultural shift underneath the surface of how employees and talent are thinking about what they need from their employer and vice versa. So all the pandemic did is put a spotlight on it.
We could talk about public policy, we could talk about macroeconomic conditions. I think all of those things are playing a part in making this labor shortage feel more acute. But I really think it’s simply isolated and highlighted issues that were already there under the surface. The pandemic just brought them into view.
Stone: So the work itself that these practitioners are engaged in and the environment in which they find themselves, I got to believe that’s changed, too.
Seth: Absolutely, if you’re referring specifically to our team. The one thing that has not changed and what won’t change is this: It’s a noble thing to lead a business. I think if you think about the risk-takers of America that are evident in our history and are evident in the homes and offices that we’re talking to right now, it’s a pretty noble thing. Or at least it can be.
Not feeling like owning a business is a noble thing? Wondering where these noble business owners are, and who can help you become one? Contact us. We’d love to tell you more.