Grow A Small Business Podcast

Troy Trewin
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Dec 14, 2023 β€’ 22min

QFF: Unveiling Business Triumph: Insights from the creator of Andrea Liebross, a prominent Business & Life Coach catering to Women Entrepreneurs. Empowering businesses led by women to transcend Small Thinking and attain extra growth (Andrea Liebross)

Welcome to the "Grow a Small Business" podcast with your host, Rob Cameron. In this episode, Rob interviews Andrea Liebross based in the USA. In this podcast episode, Andrea Liebross, a business and life coach, discusses her coaching approach for women entrepreneurs, focusing on big thinking, vision, and actionable strategies, emphasizing the importance of having a clear business plan. She highlights resources like her "She Thinks Big" book and podcast. Key Takeaways for Small Business Owners: Embracing Big Thinking: Andrea emphasizes the importance of breaking away from "small thinking" and daring to envision ambitious goals. Small business owners can benefit from expanding their visions and exploring possibilities beyond their current circumstances. Vision to Action: Developing a solid business plan that aligns with one's vision is crucial. It's not just about having a plan but regularly revisiting and implementing it to drive growth and success. Benefits of Group Coaching: Andrea highlights the power of group coaching in providing diverse perspectives and communal support. Being part of a group helps entrepreneurs see their challenges from different angles and fosters a sense of community amidst the often lonely journey of entrepreneurship. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for? Mindset and Systems: Balancing mindset and systems is key. While systems are important for execution, 80% of the secret sauce lies in cultivating the right mindset. Entrepreneurs must work on their thought processes to align actions with their visions effectively. Permission to Dream: Many entrepreneurs, especially women, might feel constrained by day-to-day responsibilities. Permitting oneself to dream big and break free from familiar, limiting patterns is pivotal for growth. One action small business owners can take: Andrea Liebross strongly advises small business owners to have a well-structured business plan that incorporates their vision and actionable steps. It's crucial to not just create a plan but to actively revisit it, ensuring it remains aligned with business goals and growth strategies. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Permission to dream big is the catalyst for entrepreneurial growth – Andrea Liebross 80% of success lies in cultivating the right entrepreneurial mindset – Andrea Liebross Break free from 'small thinking' and embrace ambitious visions for business growth β€”Andrea Liebross
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Dec 12, 2023 β€’ 36min

Breaking Stigmas, Building Dreams: Franco Perez's Silicon Valley Mobile Home Revolution, shares exclusive Insights on Affordable Housing, Growth, and Impactful Entrepreneurship. (Franco Perez)

In this podcast, Franco Perez, a founder of Franco Mobile Homes, a thriving mobile home industry entrepreneur, shares his journey from a modest beginning to scaling his business to over 110 mobile homes in three years. He emphasizes the significance of purpose-driven entrepreneurship, recruitment challenges, and the importance of adopting a lean startup mentality. Franco also discusses his favorite business books, the role of mentorship, and the crucial aspect of effective time management in achieving business growth. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here Troy asks our special guest about their journey's start and defining success, their industry reconsideration, and the most challenging phase in business growth. He inquires about their love for small business growth, key habits for owners, and insights on team building, wins, mistakes, and advice. And a snapshot of the final five Grow A Small Business Questions: The most challenging aspect of growing a small business is often the initial phase, particularly making the first $50,000 in revenue. This stage requires a focused effort on establishing a viable business model, securing early customers, and overcoming the hurdles of uncertainty and limited resources. Franco Perez revealed that his favorite business book is "The Lean Startup." This book, authored by Eric Ries, emphasizes the importance of adopting a minimum viable product (MVP) mentality. Franco recommended mastering the calendar as an essential tool for small business growth. Franco emphasized using YouTube as a primary tool for professional development, mentioning it as his go-to resource for learning and acquiring knowledge. One advice he would give to his younger self on starting his business is to build relationships, treat everyone right, and do the right thing. Good deeds attract good people and good business. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Build for impact, not just profitβ€”success follows purpose β€” Franco Perez Your network is your net worthβ€”treat everyone right and do the right thing β€” Franco Perez Insurance is your business's safety net; protect your investment from day one β€” Franco Perez
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Dec 10, 2023 β€’ 39min

From Cleaning Business to Entrepreneurial Triumph: Founder of DCA Virtual reveals Two-Decade Saga of Growth, Pitfalls, and Creating a Sustainable Culture – Unveiling the Blueprint for Small Business Success. (Denise Cagan)

In this Episode, Troy Trewin explores two decades of entrepreneurial insights with Denise Cagan, founder of DCA Virtual and a cleaning business. From initial missteps to sustainable growth, Denise shares wisdom on self-care, culture, and effective sales. Dive into hiring challenges, personal impact, and mentorship lessons on this journey of small business growth. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here Troy asks our special guest about their journey's start and defining success, their industry reconsideration, and the most challenging phase in business growth. He inquires about their love for small business growth, key habits for owners, and insights on team building, wins, mistakes, and advice. And a snapshot of the final five Grow A Small Business Questions: Denise, a seasoned entrepreneur, shares that the hardest thing in growing a small business is sales, it can be a challenge. She shares her journey from denying her role as a salesperson to mastering sales conversations. Discover how she navigated client relationships, set boundaries, and ensured the right fit. Denise shares that her favorite business book is "Emeth Emails" as a game-changer early in her career. This timeless gem provided insights crucial for her growth journey. Denise shares that podcasts and online tools for professional development are running her podcast, "Nurture Small Business," Denise also tunes into others like Rachel Cook's. She emphasizes the value of continuous learning for entrepreneurs. Denise's top recommendation for growing a small business is adopting a project management system like Asana. Learn how it keeps sanity intact, streamlining tasks and team collaboration. One advice she would give to her younger self on starting her business is to have a mentor but be flexible in choosing one. Mentorship, coupled with adaptability, can fast-track success. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Build a business that runs without you, with standard operating procedures as its backbone - Denise Cagan Balance is achieved through systems, calendar blocking, and setting clear boundaries in business and life - Denise Cagan Flexible mentorship is keyβ€”have a mentor, but be open to outgrowing and evolving beyond your initial guidance - Denise Cagan
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Dec 7, 2023 β€’ 33min

QFF: Empowering Small Business Growth – In-Depth Strategy Secrets with the founder of Basic Arts. Learn from the Expert on Contrarian Value, Competitive Leverage, and Crafting Motivational Strategies for Success. (Alex Smith)

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business. Welcome to the "Grow a Small Business" podcast with your host, Michael Denehey. In this episode, Michael interviews Alex Smith from Bais Arts based in London, Uk. In this podcast, Michael Denehey interviews Alex Smith, a strategy consultant and founder of Bais Arts, discussing effective business strategy. Alex emphasizes contrarian value, urging businesses to find disagreements with competitors for a unique advantage. The conversation highlights strategy's dual role as guidance and motivation, with Alex advocating for a blend of technical correctness and inspiration. Practical exercises for businesses to enhance their strategic positioning conclude the episode. Key Takeaways for Small Business Owners: Identifying Unique Value: Smith emphasises the importance of finding unique aspects in your business that set you apart. He suggests looking for elements that can be described as "the only" in your industry. This could be a product feature, service, or approach that gives you a competitive advantage. Strategic Disagreement: One powerful strategy discussed is seeking areas of disagreement with competitors. In a market where everyone agrees on everything, businesses risk becoming commodified. Smith encourages finding points of contention and using them to create a competitive edge. This contrarian approach can make it difficult for competitors to replicate your strategy. Contrarian Value in Action: Smith shares a personal example of applying contrarian value to his own consultancy. While traditional strategy focuses heavily on correctness, he introduces an inspirational element, prioritizing motivation over technical correctness. This approach challenges the industry norm, offering a unique form of value. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for? Repetition for Strategic Alignment: Successful CEOs, like Steve Jobs and Jeff Bezos, consistently repeat their strategic vision until it becomes ingrained in every team member. Smith highlights the need for CEOs to act as propagandists, continuously reinforcing the strategy to ensure alignment and motivation throughout the organisation. Strategic Health Check: Small business owners are encouraged to evaluate their strategic position. Smith suggests exercises like asking employees what the business offers that competitors don't. Additionally, seeking external opinions from customers or family members can provide valuable insights. The goal is to move towards a point where the business is perceived as the only acceptable solution for a specific need. One action small business owners can take: One action small business owners can take is Continuous Strategic Evaluation. Regularly assess your business's strategic position. Engage your team, ask external opinions, and honestly evaluate your uniqueness in the market. The goal is to ensure that, over time, your business becomes the only acceptable solution for a specific need. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Consistency is the bridge between business vision and reality - Alex Smith In the world of business, relentless learning is the key to staying ahead - Alex Smith Strategy is 50% correctness and 50% inspiration – it must excite and mobilise your team." - Alex Smith
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Dec 5, 2023 β€’ 33min

Embarking on Tactical Adventures: A 28-year entrepreneurial journey with Kitanica's visionary. Achieving $1M+ retail milestone, sharing tactical wisdom, and offering a legal shield for small business pioneers. (Chris Cronin)

In this podcast episode, host Troy Trewin interviews Chris Cronin from kitanica, a tactical adventure brand with a 28-year entrepreneurial journey. Cronin shares insights on the brand's evolution, emphasising over $1 million in retail success. Discussions range from manufacturing challenges to moving toward wholesale strategies. The episode unveils thought leadership on legal protection and growth tools, making it a valuable listen for small business owners seeking inspiration and practical advice. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: Chris, a seasoned entrepreneur, highlights the hardest aspect of growing a small business - selling everything. His insight emphasises the complexities of expanding a business and the need for a robust sales strategy. Chris's favourite business book is Sun Tzu's "The Art of War," quoting, "Strategy without tactics is the slowest route to victory. Tactics without strategy are noise before the defeat." His favourite business book remains a powerful guide in navigating challenges. Chris Go-To podcast and online learning tool for professional development are YouTube, emerging as a game-changer, especially for HTML, Adobe Creative Suite, and Shopify. Chris underscores the significance of Google and YouTube for learning and development. Chris's top recommendation for small business growth is affordable legal advice. He highlights the importance of having a lawyer on call, sharing his experience in dealing with knockoffs and the value of having legal experts monitoring brand integrity. On the first day of his business journey, Chris would advise himself to "stay focused on sales." This timeless guidance underscores the foundational role of sales in the business journey. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Our journey from a one-man sweatshop to a global brand is a testament to the power of persistence and unwavering dedication in business – Chris Cronin Legal protection is not just a shield for brands; it's the cornerstone of sustainable growth in the dynamic landscape of entrepreneurship – Chris Cronin In the world of business, slow and steady doesn't just win the race; it builds a foundation of trust and quality that customers resonate with for a lifetime – Chris Cronin
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Dec 3, 2023 β€’ 48min

Charting Business Advancement: CEO of The Change Starter Offers Insights on a Comprehensive Approach to Achieving Marketing Excellence, Team Building, and Fostering a Sustainable Culture Through the Expertise of a Digital Marketing Agency (Stevie Brown)

In this episode Stevie Brown, CEO of The Change Starter, a thriving digital marketing agency. Delve into her entrepreneurial insights, revealing the secrets to business growth and sustainability in the ever-evolving realm of digital marketing. Gain valuable perspectives and lessons from Stevie's experience as she shares the challenges and triumphs that shaped her entrepreneurial path. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here Troy asks our special guest about their journey's start and defining success, their industry reconsideration, and the most challenging phase in business growth. He inquires about their love for small business growth, key habits for owners, and insights on team building, wins, mistakes, and advice. And a snapshot of the final five Grow A Small Business Questions: According to Stevie, the hardest thing in growing a small business is watching your business grow from a tiny seed into something unique to you. Delegating tasks to a team brings its own set of challenges as others may not replicate your efforts exactly. It's a journey of acceptance and leadership. Stevie didn't pick a specific book but emphasised the importance of continuous learning. For business owners keen on personal development, this resonates - growth is a constant process. Stevie recommends top learning resource for personal development is the "Agency Life Podcast" with Claude Higgins, especially valuable for those in the marketing realm. Tailored learning is key, and this podcast might just hold the nuggets you're seeking. In the tech-savvy world, Stevie highlights that the must-have tool for small business growth is Excel and Google Sheets. Don't get bogged down with complex systems; sometimes, a straightforward spreadsheet does wonders. Also, Trello for efficient organisation. Stevie shared that one piece of advice she'd give to herself on day one of starting out in business: "You can do this." Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Every challenge is a stepping stone on the path to business success - Stevie Brown True leadership lies in empowering others to reach new heights - Stevie Brown Innovation fuels growthβ€”stay ahead by embracing change in your industry - Stevie Brown
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Nov 30, 2023 β€’ 25min

QFF: Buntu's CEO unveils strategies for genuine human connections amid digital clutter, redefining business connectivity. These groundbreaking approaches aim to enhance relevance, ushering in a revolutionary shift in how businesses connect. (Greg Smith)

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business. Welcome to the "Grow a Small Business" podcast with your host, Michael Denehey. In this episode, Michael interviews Greg Smith from buntu based in Gold Coast, Australia. In this Quick Fire Friday podcast, host Michael Denehey interviews Greg Smith, CEO of Buntu, exploring the essence of human connection in business. Greg emphasises the significance of authentic storytelling to cut through digital noise, shares insights from his background, and highlights the power of leveraging LinkedIn for meaningful conversations. The episode unravels the strategy behind Buntu's personalised approach, emphasising the importance of conveying individual and business significance in a world craving genuine connection. Some Key Takeaways for Small Business Owners: Human-Centric Approach: In a world saturated with digital marketing and transactional business practices, Greg emphasises the importance of human-to-human connection. He argues that even in the age of AI, human beings still make purchasing decisions based on emotion and connectivity. The Power of Storytelling: Greg advocates for the significance of storytelling in business communication. He believes that authentic, meaningful stories about who you are, what you do, and why it matters can cut through the noise and resonate with clients. The Buntu Connection: The name "Buntu" is derived from the South African word "buntu," meaning "I see you." Greg's business focuses on connecting with intention, emphasising the value of collaboration on work that matters with people who care, helping grow purpose-driven enterprises. Our hero's write kick-ass reviews after listening to our special guests. Are you our hero? Utilising Traditional Channels: Greg shares a successful case where leveraging physical mail, in the form of creatively designed cards, captured the attention of a potential client at Red Bull. This illustrates the power of using unconventional and tangible methods to stand out in a crowded market. LinkedIn as a Tool: Greg recommends leveraging LinkedIn, especially for B2B interactions. He advises creating a cutting-edge profile that reflects your uniqueness and using the platform to initiate conversations with potential clients. One Key Advice for Small Business Owners: One key advice for small business owners is to leverage the power of LinkedIn to start meaningful conversations in the B2B space. Express your uniqueness and significance in a contemporary and authentic way to interrupt the attention of busy decision-makers. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can tell you to like to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: In a world of beige business communication, be the splash of colour that captures attention and resonates authentically - Greg Smith Amplify your uniqueness, surprise with delight, and fulfil the human craving for connection in every business interaction - Greg Smith Significance is the key to standing out. Express your story in ways that interrupt attention and leave a lasting impact - Greg Smith
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Nov 28, 2023 β€’ 1h 4min

Explore success with an entrepreneur who thrived in 4 ventures. Discover Equitable Exit Solutions, backed by a $250,000 personal investment. Elevate your small business strategy with her insights on exits and financial mastery. (Tracy Gunn)

In this podcast episode, Troy Trewin engages in a discussion with Tracy Gunn, the founder of Get Exitable and a four-time entrepreneur. The conversation explores Tracy's substantial $250,000 investment in business mastery and the development of equitable exit strategies. Tracy imparts valuable insights on topics such as financial planning, time efficiency, and the empowerment of small business owners to ensure successful exits from their ventures. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy asks our special guest about their journey's start and defining success, their industry reconsideration, and the most challenging phase in business growth. He inquires about their love for small business growth, key habits for owners, and insights on team building, wins, mistakes, and advice. And a snapshot of the final five Grow A Small Business Questions: The most challenging aspect in growing a small business is not giving up, particularly when you're new to the entrepreneurial journey. It's akin to being three feet from the goal line but going blind, unsure of how much further you need to break through. The lack of experience can make perseverance especially difficult. Her favourite business book "Emeth" has been a game-changer book. While it may seem simple, its profound insights make it a must-read for anyone starting and growing a business. I highly recommend it as a foundational resource. I am an avid learner, and staying curious is key to entrepreneurship. I explore a variety of podcasts and online resources. Lately, I've delved into real estate, given our new venture of renting out my husband's dream tree house on Airbnb. There's a wealth of free knowledge out there, making the $250,000 investment in myself a worthwhile decision. One tool she would recommend to help grow a small business is Facebook ads, even with a basic $5 daily investment. Reflecting on past advertising experiences, she underlines the importance of engaging content that entices potential customers, emphasising the transition from attracting leads to effectively communicating with them. If I could advise my day-one self starting the business 17 years ago, I would emphasise starting with the end in mind. It's crucial to define the purpose behind the venture – whether it's financial success, family legacy, personal satisfaction, or stability. Understanding the ultimate goal helps shape the journey and decisions. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: The best investment in business is not always financial; invest in continuous learning and growth." - Tracy Gunn Building a business is not just about making money; it's about making a difference in the lives of others." - Tracy Gunn Every challenge is an opportunity in disguise; it's up to us to unveil its potential." - Tracy Gunn
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Nov 26, 2023 β€’ 58min

Boost your small business: Learn from the Founder of The Business Growers as she reveals tactics for achieving 16X employee growth in just 3 years. Transform your business with quick, insightful strategies. (Laura Johns)

In this episode, join host Troy Trewin as he interviews Laura Johns founder of The Business Growers in Jackson, Mississippi. Laura shares insights on her business journey, tracing its expansion from a small team to a larger entity. Dive into the challenges and triumphs she's encountered in scaling her business. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the the final five Grow A Small Business Questions: Laura shares that the hardest thing in growing a small business is addressing challenges quickly, a hurdle she overcame by positioning tough conversations as constructive feedback sessions. Transparency and intentional feedback became key components of their growth strategy. Laura credits her favorite Business Book "Buy Back Your Time" for its impactful insights on time management, a crucial aspect of business success. Laura's sources for online learning Tools and professional development are Donald Miller's podcast and Brene Brown's Spotify podcast. The "Dare to Lead" curriculum, in particular, fosters bravery and authenticity in the workplace. Laura's essential tool for small business growth is maintaining focus, organization, and daily time tracking. Laura would advice on day one of starting out is "Don't be scared; be confident." Laura reflects on overcoming fear and urges aspiring entrepreneurs to charge what they're worth. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: For small business success, embrace confidence over fear in decision-making; it's transformative for you and your team - Laura Johns Empower women by creating a culture of feedback, making those hard conversations about growth and improvement, not criticism - Laura Johns The key to successful hiring is not just finding the right people but placing them in the right roles within your business - Laura Johns
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Nov 23, 2023 β€’ 22min

QFF: Unlocking Strategic Brilliance: as the Founder of Roystreet shares insights into enhancing business value, emphasizing smooth finances, sustainable revenue, and optimal growth. (Richard Parker)

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business. Welcome to the "Grow a Small Business" podcast with your host, Michael Denehey. In this episode, Michael interviews Richard Parker from Roystreet based in South Florida, United States. In this Quick Fire Friday episode, Michael Denehey interviews M&A expert Richard Parker founder of Roystreet on boosting business value. Insights cover flawless financial statements, steering clear of a lifestyle business, tackling major issues, planning for smooth transitions, integrating recurring revenue, and the power of effective delegation. Parker's success stories underscore the immediate and long-term advantages of these strategies, offering actionable insights for small business owners looking to enhance their enterprises. Flawless Financial Statements: Maintain impeccable books and records. In today's age, with technology and software, there's no excuse for not having flawless financial statements. This is crucial for business management and significantly impacts the value of your business when selling. Avoid Building a Lifestyle Business: Instead of constantly increasing your lifestyle with the growth of your business, reinvest the profits back into the business. Avoid building a lifestyle business that solely supports personal expenditures. This approach can lead to a more substantial and valuable business in the long run. Address Major Issues: Identify and address issues that keep you up at night about your business. Whether it's customer concentration, supplier issues, or employee turnover, addressing these issues not only improves the business today but also makes it more attractive to prospective buyers. Our hero's write kick-ass reviews after listening to our special guests. Are you our hero? Recurring Revenue Component: Consider introducing a recurring revenue component to your business model. Whether it's through subscription services, contracts, or other means, having a reliable stream of recurring revenue can significantly boost the value of your business. Delegate and Hire Well: Overcome the fear of delegating by hiring capable individuals. A business owner's ability to hire and empower skilled professionals is key to business growth. Micromanaging and ego can hinder business expansion, so focus on building a strong team. One action small business owners can take: Richard Parker suggests one action small business owners can take is to evaluate Your Business Objectively. Take a step back and look at your business as if you were a prospective buyer. List out all the things that might be perceived as flaws or areas for improvement. This exercise helps prioritize actions to enhance the overall value of your business. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can tell you to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. πŸ‘‡ Quotable quotes from our special Grow A Small Business podcast guest: Run your business like you have to sell it, and success becomes a natural byproduct - Richard Parker The real value lies not just in profits but in the robust structure you build within your business - Richard Parker Flawless financials today lead to a higher valuation tomorrow; invest in accurate records - Richard Parker Let go, hire well, and watch your business thrive beyond your micromanaged expectations - Richard Parker Recurring revenue isn't just income; it's the heartbeat of lasting business value." - Richard Parker

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