How To Be Moderately Successful.
Mike Scott
Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/
Episodes
Mentioned books
Apr 2, 2025 • 41min
EP39 Navigating Personal Growth as a Business Owner
In this engaging discussion, Simon Hareb, a martial arts competitor turned successful construction entrepreneur, shares his insights into personal growth as a business owner. He delves into the creation of the Intentional Leaders Network, emphasizing the critical need for community support and accountability. The conversation reveals how aligning personal values with actions can lead to sustainable leadership. Simon encourages leaders to embrace self-reflection and confront challenging truths, highlighting the transformative power of investing in personal development.
Mar 18, 2025 • 16min
EP38 - Why Equal Equity Splits Often Fail, And How to Do It Right
Exploring the intricacies of equity distribution, the conversation highlights the pitfalls of assuming a 50-50 split among co-founders. It discusses the necessity of early, honest talks to prevent resentment later. A structured approach based on contributions—like cash, time, and resources—ensures fairness. The use of multipliers can reflect the scarcity of those contributions. Emphasizing data-driven discussions fosters trust and transparency, vital for successful partnerships. Tools like Google Sheets can streamline tracking to enhance communication.
Mar 13, 2025 • 18min
EP37 Dealing with Failure and Financial Loss
Delve into the profound insights on handling financial loss and reframing failure. Experience the emotional journey that highlights the importance of separating identity from setbacks. Learn how loss can bring clarity to your priorities and foster resilience. Discover the significance of creating supportive environments and cultivating habits that align with your desired identity. Realize that failures are not defining moments but opportunities for personal growth, and find ways to express gratitude even amidst challenges.
Feb 28, 2025 • 40min
EP36 AI - Getting real ROI in your business.
Gaurav Devshamar, Head of AI Strategy and Solutions for the Warp Group, dives into the transformative power of AI in business. He dispels myths around AI costs and data privacy, making it clear that even small and medium-sized businesses can harness these technologies. The conversation highlights how AI can automate tedious tasks, improve knowledge retention, and empower employees, ultimately reshaping business operations. Gaurav emphasizes the need for leaders to adapt and integrate AI to stay competitive in a rapidly evolving landscape.
Sep 23, 2024 • 56min
EP35 Your 1-Page marketing plan, with Allan Dib
Allan Dib, author of The One Page Marketing Plan and Lean Marketing, shares his expertise in practical marketing strategies. He stresses the importance of aligning sales and marketing while focusing on customer lifetime value. Dib discusses the necessity of a solid lead capture system and the value of nurturing leads over time. He emphasizes generating referrals proactively and the role of integrators in streamlining marketing tasks. Listeners will walk away with actionable insights to enhance their marketing effectiveness.
Sep 9, 2024 • 53min
EP34 Building a systems lead business with David Jenyns
David Jenyns, a thought leader in business systemization, shares keen insights on the vital role of structured processes in achieving operational success. He discusses the principles from his book 'Systemology,' emphasizing the difference between systems and processes. The conversation covers how robust systems can reduce reliance on key individuals while balancing creativity and efficiency. Jenyns also addresses overcoming resistance in teams and the importance of having a systems champion to enhance accountability and streamline operations.
Aug 26, 2024 • 25min
EP33 Gaining alignment where it matters
In this engaging conversation, guest Scott, a speaker on vision and frameworks, dives into the critical role of alignment in organizations. He highlights how misalignment can lead to inefficiency and confusion, stressing the need for a unified vision. Scott introduces practical tools like the essential intent, focusing on excelling at one key goal, and the Stockdale Paradox, which encourages facing harsh truths while maintaining hope. The discussion wraps up with insights on constructive conflict and the value of asking for support, not just agreement.
12 snips
Aug 12, 2024 • 52min
EP32 Know Your Numbers! With Chris Wheldon.
Chris Wheldon, an accomplished investor and entrepreneur, joins the conversation to emphasize the critical role numbers play in business success. He reveals the must-know financial metrics, like cash flow and profit margins, that every small to mid-sized business owner should master. Chris discusses how data transparency can enhance acquisition processes and stresses the importance of regular financial assessments. He encourages listeners to measure key inputs weekly and take a proactive approach to financial management to ensure long-term sustainability.
6 snips
Jul 29, 2024 • 22min
EP31 Negotiation tools that work
In this engaging discussion, negotiation expert Mike shares invaluable tips for mastering the art of negotiation. He emphasizes the significance of leverage to ensure win-win outcomes. Mike introduces the anchoring technique, advocating for starting higher to gain an advantage. He suggests using phrases like 'Is there any flexibility on this?' to foster better terms. Furthermore, he highlights how questioning unreasonable demands with 'How am I supposed to do that?' can shift the dynamics in your favor. Practical advice for both professionals and everyday life!
5 snips
Jul 16, 2024 • 29min
EP30 The three hats you wear as a founder
The podcast discusses the three roles entrepreneurs play: shareholder/investor, director, and employee. It emphasizes separating these roles to maximize productivity. Tools like the 70% rule and Eisenhower matrix are introduced to prioritize tasks and delegate efficiently. Entrepreneurs are encouraged to determine the value of their time and focus on high-value activities.
