Mick Holly has 30 years of experience delivering consulting to Fortune 500 companies. Seven years ago, he and his partner, Andre Gien, created an elegant solution to provide business owners with numbers that help them run their business. In this episode, Mick talks about how he has made the indecipherable numbers accountants produce every month, into something the average entrepreneur can understand and use, by weaving them into a story! Tune in to learn more about Mick’s simple solution to a problem many entrepreneurs grapple with, and how you too can run your business by the numbers!

 

Key Takeaways:

[:17] John introduces his guest for this episode — Mick Holly.

[1:41] How did Mick get to the point he’s at now?

[3:00] What exactly does Mick do? He gives us his elevator pitch.

[5:43] Mick has taken the usual, indecipherable numbers that accountants churn out and made them easy to understand for the average entrepreneur, by weaving them into stories.

[11:05] Mick has converted accounting into a story with three main characters and five main chapters — it is a great analogy that anyone can understand, making accounting accessible.

[13:46] Mick uses this technique of distilling accounting jargon when he goes into small businesses, and also uses a program called “Running the business by the numbers” to really understand the concepts.

[15:20] How does Mick monetize his great stories and ways of explaining things?

[18:17] Mick’s programs are an investment small businesses are making to improve, and eventually they will get a higher return on their investment through all the money they save based on Mick’s recommendations.

[19:03] Mick has also devised a course to turn financial advisers, tax advisers, and CPAs into coaches who can deliver the Run Your Business By The Numbers capability by themselves.

[20:49] What are some things that Mick has discovered about taxes and accounting, approaching this industry as an outsider?

[23:21] John believes that professionals in the financial and accounting industry don’t know why they’re producing some of the documents that they’re producing.

[25:15] Mick points out that while we are very careful with our own personal finances, it becomes a mystery when we go into business. There is power in understanding that.

[27:34] Mick explains more about the Treasure Map he produces for his clients.

[33:02] John summarizes Mick’s entire concept.

[34:15] Mick’s program reflects all the decisions made by the business in the prior period. Everything happens in real-time, and it even has a powerful what-if scenario planning capability.

[37:18] Mick’s program really releases entrepreneurial creativity — he illustrates with a simple example.

[39:28] What else does Mick want business owners to know about his program and the courses that he offers?

[41:35] Check out Mick’s webinar (link below) to see how the Treasure Map works!

[43:53] What are some technologies or apps that Mick can’t live without?

 

Mentioned in This Episode:

Financial Gravity

The Financial Gravity Podcast with John Pollock

Science of Business Wealth

Treasure Map

Evernote

Email Mick Holly