Hugh “Hobby” Barndollar is a seasoned business owner and CEO based in the vibrant city of Land O Lakes, Florida. With over fifteen years of industry experience and an unwavering passion for his work, Hugh has become a driving force in the business world, poised for many more years of success.
As the CEO and part owner of PurePath Wealth, Hugh “Hobby” Barndollar is dedicated to helping clients, including families and individuals, achieve their ideal retirements. PurePath Wealth distinguishes itself by offering a comprehensive range of services, and taking a holistic approach to financial planning. From estate planning and probate to charitable giving, life insurance, annuities, and long-term care, Hugh, as CEO, part owner, and Investment Advisor, is committed to guiding clients toward realizing all their financial goals.
Specializing in tax planning, income planning, and Social Security planning, Hugh aims to create financial plans that are not only comprehensive and holistic but also easy for clients to understand. At PurePath Wealth, he assumes a critical role in handling compliance issues and oversees the business’s day-to-day operations.
In addition to his role at PurePath Wealth, Hugh “Hobby” Barndollar wears another hat as a part-owner of HotRocks Pizza. Co-founded by Denny and Marvin, two seasoned firefighters with a shared passion for food, HotRocks Pizza is Hugh’s venture into the world of delectable Philadelphia-style pizzas. The business partnership was a natural fit, with Hugh bringing his business acumen to complement the culinary expertise of his partners.
Hugh’s journey into the business world began with invaluable lessons from his father, providing him with a head start in understanding the intricacies of business dynamics. Motivated by a desire to dream big, Hugh has worked diligently to build trusting relationships with families, mirroring the principles instilled by his father.
A highly qualified financial expert, Hugh boasts life, health, and annuity licenses, along with successfully passing the Series 7, 63, 24, and 65 securities exams. His educational background includes a double major in Marketing and Management from Mercer University in Macon, Georgia, followed by an MBA in finance from Georgia State University.
Beyond his professional achievements, Hugh “Hobby” Barndollar is a devoted family man blessed with a wife and four children. Balancing his commitment to work and family, he still finds time for his passions. A former collegiate soccer player, Hugh’s love for the sport persists as he coaches baseball during his leisure time. When not on the field, he enjoys quality time with his family and actively participates in his local church community.
In business, Hugh “Hobby” Barndollar is synonymous with hard work and dedication, prioritizing top-notch service. However, beyond the office, he is a multifaceted individual with a love for sports, coaching, family time, and community engagement.
Hugh “Hobby” Barndollar Shares Strategies for Successfully Managing Multiple Businesses
Hugh “Hobby” Barndollar, a business owner and professional based in Land O Lakes, Florida, understands that the decision to own and manage multiple businesses presents both thrilling opportunities and formidable challenges. As he delves into the intricacies of overseeing diverse ventures, Hugh “Hobby” Barndollar shares key strategies for entrepreneurs aspiring to master managing multiple businesses simultaneously.
Prioritize and Delegate:
Prioritization is paramount when managing multiple businesses. Identify the core tasks requiring direct involvement and delegate other responsibilities to capable team members. Delegation eases your workload and empowers your team to take ownership, fostering a sense of responsibility and accountability.
Establish Clear Systems and Processes:
Develop standardized systems and processes across your businesses. This consistency streamlines operations, allowing for smoother transitions between ventures. Well-defined processes enhance efficiency, reduce errors, and create a cohesive structure that can adapt to the unique needs of each business.
Utilize Technology Wisely:
Leverage technology to streamline tasks and centralize information. Implement project management tools, communication platforms, and cloud-based systems to facilitate collaboration and access to crucial data from anywhere. Technology can be a powerful ally in managing multiple businesses effectively.
Time Blocking and Scheduling:
Adopt a disciplined approach to time management by implementing time blocking and scheduling techniques. Allocate specific time slots for each business, meetings, and personal activities. This structured approach helps prevent overlap and ensures a dedicated focus on the distinct needs of each venture.
Build a Competent Team:
Surround yourself with a capable and reliable team for each business. Hiring skilled professionals who align with your vision and values is crucial. A competent team not only shares the workload but also brings diverse perspectives and expertise to enhance the overall success of your ventures.
Cultivate a strong network within your industries. Networking provides valuable insights, potential partnerships, and access to resources that benefit your businesses. Engage in industry events, conferences, and online communities to stay informed and connected.
Maintain a keen focus on financial management. Implement unified financial systems where applicable and regularly assess the financial health of each business. Clear financial insights enable you to make informed decisions and allocate resources efficiently.
Explore opportunities for centralized administrative functions. From human resources to accounting, having shared services can reduce redundancy and promote cost-effectiveness. This centralization allows you to address common challenges across businesses more efficiently.
Regular Performance Reviews:
Conduct regular performance reviews for each business. Assess key metrics, identify areas for improvement, and celebrate successes. Performance reviews help you stay informed about the overall health of your ventures and guide strategic decision-making.
Lastly, prioritize self-care. Managing multiple businesses can be demanding, and maintaining your well-being is essential for sustained success. Incorporate breaks, exercise, and moments of relaxation into your routine to ensure you remain energized and focused.
Hugh “Hobby” Barndollar believes successfully managing multiple businesses requires strategic planning, effective delegation, and adaptability. By prioritizing tasks, establishing streamlined processes, and leveraging technology, entrepreneurs can navigate the complexities of multi-business ownership. Building a competent team, maintaining financial diligence, and practicing mindful self-care are integral components of a holistic approach to mastering the juggling act of managing multiple businesses simultaneously.