Multiplier Mindset® with Dan Sullivan

Life Lessons And Leadership From Entrepreneur And Business Coach Mary Miller

May 24, 2023

Entrepreneur and business coach Mary Miller shares how prioritizing her marriage over her business led to greater success. She also discusses passing her company to the next generation, the importance of reflection and planning, and the power of conversations among like-minded entrepreneurs. Despite facing challenges, Mary believes in having fun and finding joy in life.

23:04

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Episode guests

Mary Miller

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Quick takeaways

Giving employees more time off can lead to a significant reduction in turnover and provide a strategic advantage over competitors.

Prioritizing personal relationships can lead to increased success in business.

Deep dives

Reducing Turnover Through Increased Free Time

In this podcast episode, the speaker discusses a janitorial company that faced a significant problem with a high turnover rate of staff. The company had 300% turnover, meaning they had to hire multiple people to fill one position throughout the year. The speaker suggested giving employees two additional weeks of free days as a solution. Initially, the company was hesitant, fearing bankruptcy. However, after carefully tracking the cost, it amounted to only $1.50 per employee, leading to a significant reduction in turnover. This approach gave employees more time off, which proved essential for an immigrant workforce with language barriers and multiple jobs. By retaining their teams, the company gained an enormous strategic advantage over competitors and now controls 85% of the market in Cincinnati.

Introduction

4min

The Journey of an Entrepreneur: From Business Growth to Life Transformation

3min

Overcoming Challenges and Achieving Success in Business and Life

6min

Success, Coaching, and Creating a Fulfilling Life

7min

The Power of a Safe Environment and Filtering Ideas

2min

The year Mary Miller turned 30, she experienced bankruptcy, unemployment, and divorce. Today, the janitorial services company Mary founded with her husband, Tony, has 85% of the market share in Cincinnati. Both Mary and Tony have been Strategic Coach® members for over 30 years, and Mary has been an associate coach for 20 years. In this episode, Mary shares how The Strategic Coach® Program has strengthened

both her marriage and her business.

Here's some of what you'll learn in this episode:

How prioritizing their marriage over their business allowed Mary and Tony’s business to become more successful.
Why you should learn in a way that lets you teach others.
How Mary and Tony have passed their company along to the next generation of their family.
What Mary describes as “jet fuel” for what she’s trying to accomplish.
How Mary’s company overcame a serious problem with turnover.

Show Notes:

Pausing to reflect on the previous 90 days and plan the next 90 days can cause shifts in your thinking.

If you want to make more money, you need to take more time off.

Listening to other entrepreneurs talk can prompt you to have different conversations about the future.

When you’re among like-minded people, no one will tell you you’re crazy.

Being an entrepreneur means you can do business with the people you want to do business with.

Entrepreneurs can make their lives as big or as small as they choose.

You can have fun no matter how difficult life is.

Ideas can come through conversations. Conversations change lives.

To be able to do things that really make a difference, you have to filter through ideas.

Resources:

Learn more about Mary Miller and Dream Engineer.

The Entrepreneur’s Guide To Time Management

The Strategy Circle®: Why Obstacles Are Actually A Good Thing

The Dream Manager by Matthew Kelly

Remember Everything You Learn from Podcasts

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Multiplier Mindset® with Dan Sullivan

Life Lessons And Leadership From Entrepreneur And Business Coach Mary Miller

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Reducing Turnover Through Increased Free Time

Creating a Successful Business and Personal Relationship

Harnessing the Power of Strategic Coach

Remember Everything You Learn from Podcasts