RV122 - Unlocking the Power of Mindset in Revenue Generation | Steven Schmidt
Nov 14, 2023
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Guest Steven Schmidt discusses the new era of revenue and the importance of mindset in driving success. They explore data bias in revenue analytics and the need for a holistic view. They also discuss company culture, budget planning, and the importance of adapting to changes for success.
Having a strong and balanced mindset is crucial for success in all aspects of life, including business.
Maintaining objectivity when analyzing data is essential to gain true insights and drive positive outcomes.
Deep dives
Opportunity to Share Knowledge and Help Others
Chris Walker sees his role as an opportunity to share the knowledge and insights he has gained in his career. He believes in the power of consulting, leadership, and running a company to help others. By continuing to learn and evolve, he can make a positive impact on a lot of people's lives.
From Freelancer to Building a Successful Company
Chris Walker reflects on his journey from being a freelancer consultant to building a successful company. Initially, he had modest goals, but as he gained experience and confidence, his vision expanded. He shares how he started recognizing his unique perspective and insights, which resonated with others and helped them succeed.
The Importance of Mindset in Business and Life
Chris Walker emphasizes the significance of mindset in all aspects of life, including business. He believes that having a strong and balanced mindset is crucial for success. He highlights the need to discipline oneself and maintain the right mindset not only in business but also in fitness, relationships, and all key areas of life.
Data Bias and the Importance of Objective Analysis
Chris Walker discusses the presence of data bias and the need to maintain objectivity when analyzing data. He suggests that data can be manipulated to tell any desired story, but true insights can be gained by looking at the data objectively. He shares his experience in analyzing large-scale historical data and using it to make informed decisions and drive positive outcomes.
Chris was invited to join Steven Schmidt on the Magnetic podcast to discuss the new era of revenue and the importance of mindset in driving success. Chris shares his journey from freelancer consultant to building a $20 million company and emphasizes the opportunity to share his knowledge and help others. He also highlights the importance of having a strong mindset in all aspects of life, not just in business.
The conversation then shifts to the role of data bias in revenue analytics and the need for companies to have a holistic view of their data to make informed decisions. Chris explains that data bias exists everywhere and that companies should be aware of their biases when analyzing data. He also discusses the future of revenue analytics and the need for companies to adopt a more standardized and objective approach to analyzing their revenue data.
In terms of company culture, Chris emphasizes the importance of positive business performance, a clear vision, and transparency in fostering a thriving culture. He also shares the impact of bringing the team together for offsite meetings and the value of having a strong business partner like Megan Bowen.
The conversation then delves into budget planning cycles and the key considerations for companies when planning their budgets. Chris advises companies to analyze their historical data and customer insights to make informed decisions about their future strategies. He also emphasizes the need for companies to adapt to the changing ways in which people consume content, particularly through social media platforms.
Finally, Chris discusses the importance of creating 3D content that goes beyond traditional talking heads and engages with the audience on a deeper level. He explains that companies need to understand their customers' behavior and preferences in order to create content that resonates with them.
Thanks to our friends at Hatch for producing this episode. Get unlimited podcast editing at www.hatch.fm
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