Tropical MBA: Entrepreneurship & Founder Lifestyle
#755 - Run Any Business With Just Two Simple Things
May 16, 2024
Topics discussed in the podcast include reflections on a trip to Mexico, lessons from exiting a business, embracing discipline in business, launching a coaching program, and the importance of vulnerability. They also talk about the transformative journey of parenthood, simplifying operations, and the two essential tools needed to run a successful business.
32:39
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Quick takeaways
- To run a successful business, prioritize growth over day-to-day operations and consider asset value, team quality, and financial clarity as if selling now.
- Transitioning into parenthood within the entrepreneurial community brings a unique sense of membership, support, and passion among fellow parents.
Deep dives
Running a Business with Exiting in Mind
To run a successful business, it is crucial to have discipline and consider your business's asset value, team quality, and financial clarity as if you were selling it now. Owners who have sold their enterprises for significant sums emphasize the need to prioritize growth over day-to-day operations when revenue is under five million. This approach highlights the importance of strategic focus and simplifying operations to maximize personal and business development.
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