Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)

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Donald Miller: How To Make Your First Million, 6 Steps To Grow Your Small Business in 2023 | Entrepreneurship | E214

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Mar 20, 2023

Guest

Donald Miller

01:05:07

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ANECDOTE

From Devastation to $17 Million

Donald Miller lost all his life savings in a bad investment 11 years ago.
He rebuilt to a $17 million company by taking 100% ownership of his business and life.

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INSIGHT

Why Businesses Fail After Success

Most businesses fail after succeeding because owners get moved out of their sweet spot.
Running a growing business requires new skills and processes beyond initial passions.

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ADVICE

Business-as-Airplane Framework

Think of your business as an airplane with six critical parts that must work together.
Balance leadership, marketing, sales, products, overhead, and cash flow for sustainable growth.

Get the Snipd Podcast app to discover more snips from this episode

How to Grow a Small Business

01:36 • 3min

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The S Curve Explains Why Most Businesses Fail

05:06 • 3min

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The Six Steps to Success

07:49 • 2min

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The Importance of Keeping Your Business Simple

10:12 • 4min

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The Rule of Performance

13:53 • 4min

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Element: The Electrolyte of Today

18:15 • 2min

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The Benefits of Element

20:10 • 4min

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How to Start a Small Business With Shopify

24:11 • 2min

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The Importance of a Mission Statement

26:14 • 2min

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How to Write a New Mission Statement Every Two Years

28:26 • 3min

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How to Get Your Mission Statement to Stick Within Your Organization

31:16 • 3min

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How to Be Transparent in Your Business

34:42 • 3min

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The Importance of Core Values

37:42 • 3min

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The Three Types of Leaders for a Successful Small Business

41:01 • 3min

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How to Sell More Effectively

43:32 • 5min

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How to Close Sales With Thinkorswim

48:06 • 2min

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The Language of Sales

49:54 • 2min

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The Importance of Speaking in Story Versus Not

52:11 • 2min

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How to Position Someone as a Hero in a Story

53:53 • 2min

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How to Make a 10x Return on Your Investment

56:03 • 3min

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How to Grow Your Small Business

59:01 • 2min

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The Six Key Parts of a Business

01:01:06 • 5min

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11 years ago, Donald Miller lost all of his life savings to a bad investment. After he decided to start taking 100% ownership of his life and business, everything changed. In this episode, Donald is back on YAP to focus on how to grow a small business! Donald will explain why we should think of our business as an airplane and why most small businesses today are failing. He will also break down how we can get ahead of missteps as business owners.

Donald Miller is an author, public speaker, and business owner who is widely considered one of the world's most entertaining and informative speakers. He is the CEO of Storybrand and the host of the Business Made Simple Podcast. He is also the author of several popular books, including the WSJ Best-seller Building a StoryBrand, and his most recent book How to Grow Your Small Business: A 6-Part Strategy to Help Your Business Take Off.

In this episode, Hala and Donald will discuss:

- Why businesses fail nowadays

- The “S” Curve

- How a business is just like an airplane

- Crafting the perfect mission statement

- The five types of meetings

- When to be financially transparent with your team

- The three types of leaders: the artist, the operator, and the entrepreneur

- The problem with traditional sales training

- Creating your follow-up email

- How to speak “in story”

- And other topics…

Donald Miller is the CEO of StoryBrand, an agency that has helped more than 10,000 organizations clarify their brand message, and Business Made Simple, an online platform that teaches business professionals everything they need to know to grow their business and enhance their value on the open market.

Donald is the host of the Business Made Simple podcast and the author of personal essays and books about faith, God, and self-discovery, including the bestsellers Building a StoryBrand, Marketing Made Simple, and Hero on a Mission. His most recent book, How to Grow Your Small Business: A 6-Part Strategy to Help Your Business Take Off, will give you a proven 6-step plan for growth so you can stop drowning in the details. Donald Miller currently lives and works in Nashville, Tennessee with his wife and daughter on their estate: Goose Hill.

Resources Mentioned:

Donald’s Website: https://businessmadesimple.com/

Donald’s LinkedIn: https://www.linkedin.com/in/donald-miller-540007124/

Donald’s Twitter: https://twitter.com/donaldmiller

Donald’s Instagram: https://www.instagram.com/donaldmiller/

Donald’s Facebook: https://www.facebook.com/donaldmillerwords

Donald’s Podcast Business Made Simple: https://podcasts.apple.com/us/podcast/business-made-simple-with-donald-miller/id1092751338?itsct=podcast_box&itscg=30200

Donald’s book How to Grow Your Small Business: A 6-Part Strategy to Help Your Business Take Off: https://www.amazon.com/How-Grow-Your-Small-Business/dp/1400226953/ref=sr_1_1?crid=3DU5BW20G0SAH&keywords=how+to+grow+your+small+business+donald+miller&qid=1679066588&s=books&sprefix=how+to+grow+your+small+business+donald+miller%2Cstripbooks%2C106&sr=1-1

Donald Miller: Be Your Own Hero | E153 https://podcasts.apple.com/us/podcast/donald-miller-be-your-own-hero-e153/id1368888880?i=1000549018819

Donald Miller: Storytelling for Business | E120 https://podcasts.apple.com/us/podcast/donald-miller-storytelling-for-business-e120/id1368888880?i=1000527069775

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