In 'The Advantage', Patrick Lencioni makes a compelling case that the key to a company's success lies in its organizational health rather than its intelligence or technological prowess. He argues that healthy organizations, characterized by a cohesive leadership team, clear strategy, effective communication, and a unified culture, outperform their counterparts. Lencioni identifies three biases (the Sophistication Bias, the Adrenaline Bias, and the Quantification Bias) that prevent leaders from focusing on organizational health. The book provides a practical model for achieving organizational health, including four disciplines: building a cohesive leadership team, creating clarity, overcommunicating clarity, and reinforcing clarity through systems and practices. Lencioni draws on his extensive experience consulting with leading organizations to offer stories, tips, and anecdotes that illustrate the importance of organizational health in today's fast-changing business environment.
We dive into my journey from a childhood influenced by my father, who was a CPA to becoming a successful business owner and financial educator. I share invaluable insights on how entrepreneurs can better manage their finances, the importance of tax planning, and the common mistakes to avoid.
We also touch on the importance of mindset in financial success and the necessity of diversifying both revenue streams and investments. This episode is packed with practical advice for entrepreneurs at any stage of their financial journey. Tune in to learn how to scale your business, save money in taxes, and create a sustainable and profitable venture.
What You'll hear in this episode:
[04:25] Shannon's Journey into Accounting
[08:10] Lessons from Shannon's Father
[12:35] Building a Business and Finding Fulfillment
[21:40] The Turning Point: Leaving the Corporate Job
[26:45] Working with Entrepreneurs and Business Owners
[28:45] Financial Advice for New Business Owners
[33:40] Misconceptions About Business Write-Offs
[37:05] Understanding Business Revenue and Profit
[41:35] Tax Planning and Financial Strategies
[45:55] Rapid Fire Questions and Personal Insights
If you like this episode, check out:
How Katie Savarise Built a Culture, Not Just a Brand
Hiring the Right Pro (Interview on She Leads First Podcast)
One
Why and How to Embrace More Failure in Business with Lynn Smith
Check out the Digital Business Evolution Podcast https://podcasts.apple.com/us/podcast/digital-business-evolution/id1612170868
Connect with Jess DeRose on IG @iamjessicaderose
Want to learn more so you can earn more?
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
Keep What You Earn 
