Exit Mindset

Exit Mindset

Download on the App Store

Exit Mindset episodes

  • Don't Confuse Hard Work with Productivity

    Key Links

    • Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
    • http://exitmindset.com/
    • Send your questions to [email protected]

    -----

    Don't Confuse Hard Work with Productivity

    • If you have already established a hardworking team, but aren’t seeing the results you had hoped for, there may still be some minor adjustments that you can make.
    • There is a common misconception in business that when an employee is working hard, they are getting the job done efficiently and doing quality work.
    • Sometimes, all it can take to improve the productivity of your team is a bit of guidance from the managerial staff.

    Establishing Layers

    • It can be easy to confuse loyalty and the willingness to work, with efficiency. It’s a mistake that is made by business owners across the country each and every day!
    • As a business owner and people-manager, it is your duty to help your staff improve their efficiency and gain a view of the bigger picture.
    • The first step in this process will be to institute a master objective, so that you can get the entire team working on tasks that align with a single long-term goal.
    • As the business owner, it is your job to communicate the bigger picture in a way that is actionable and easy to understand.

    Relating Back to the Exit Mindset

    • The Exit Mindset is predicated on the notion that thinking from the mindset of a potential buyer for your company will help you understand your businesses flaws, and competitive advantages.
    • While it is true that employee efficiency falls under the infrastructure category, the characteristics and efficiency of your teams can affect your conversations, and of course your product as well.
    • It can be crucial to ask yourself critical questions such as, “Is a potential buyer of the company looking for a hardworking loyal team or would they prefer a team that is intensely focused and achievement oriented?”
    • Maintaining a hardworking and loyal team can provide a monetary value when a potential buyer is evaluating your business, and first meeting your employees.
    • In order for any company to succeed and grow, you will need good employees from the very top, all the way down to the employee who is making a sale or having a direct customer interaction.

    Conclusion

    • At the end of the day, the goal should be scaling your business to achieve the maximum amount of revenue and profits as possible.
    • It’s important to remember, when a company is set up correctly, and an ideal buyer shows up, only the ownership will change, not the management!
    • Because of this fact, your employees and your team’s efficiency can provide unbelievable monetary value and contribute to your company’s valuation.

    -----

    • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
    • For more information, please visit ExitMindset.com.
    11 min
  • Don't Confuse Hard Work with Productivity
    Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ Send your questions to [email protected] ----- Don't Confuse Hard Work with Productivity If you have already established a hardworking team, but aren’t seeing the results you had hoped for, there may still be some minor adjustments that you can make. There is a common misconception in business that when an employee is working hard, they are getting the job done efficiently and doing quality work. Sometimes, all it can take to improve the productivity of your team is a bit of guidance from the managerial staff. Establishing Layers It can be easy to confuse loyalty and the willingness to work, with efficiency. It’s a mistake that is made by business owners across the country each and every day! As a business owner and people-manager, it is your duty to help your staff improve their efficiency and gain a view of the bigger picture. The first step in this process will be to institute a master objective, so that you can get the entire team working on tasks that align with a single long-term goal. As the business owner, it is your job to communicate the bigger picture in a way that is actionable and easy to understand. Relating Back to the Exit Mindset The Exit Mindset is predicated on the notion that thinking from the mindset of a potential buyer for your company will help you understand your businesses flaws, and competitive advantages. While it is true that employee efficiency falls under the infrastructure category, the characteristics and efficiency of your teams can affect your conversations, and of course your product as well. It can be crucial to ask yourself critical questions such as, “Is a potential buyer of the company looking for a hardworking loyal team or would they prefer a team that is intensely focused and achievement oriented?” Maintaining a hardworking and loyal team can provide a monetary value when a potential buyer is evaluating your business, and first meeting your employees. In order for any company to succeed and grow, you will need good employees from the very top, all the way down to the employee who is making a sale or having a direct customer interaction. Conclusion At the end of the day, the goal should be scaling your business to achieve the maximum amount of revenue and profits as possible. It’s important to remember, when a company is set up correctly, and an ideal buyer shows up, only the ownership will change, not the management! Because of this fact, your employees and your team’s efficiency can provide unbelievable monetary value and contribute to your company’s valuation. ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.
    11 min
  • Pivoting Your Business

    Key Links

    • Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
    • http://exitmindset.com/
    • Send your questions to [email protected]

    -----

    Pivoting Your Business

    • If you’ve been setting lofty, long-term goals and not seeing the progress that you’d expected, it may be time to consider pivoting your business.
    • It is human nature to procrastinate and take the first few days of the month off after a long-fought battle the previous month, which is likely what your employees are doing.
    • If you’ve already analyzed the other parts of your business, realistically your problem may be with the way your company sets goals!

    Analyzing Goals & Objectives

    • When a corporation begins to outline monthly goals, it plays into an employee’s natural urge to let the beginning of the month slide by and then “cram for the exam” at the end of the month.
    • Some seasoned veterans even derive satisfaction from pulling a project together out of thin air, at the last minute.
    • Even if you are able to capitalize on your procrastination a few months in a row, it does not mean that your decision-making process is sound.
    • While we all know that is an unrealistic goal at first, striving to be ahead of the curve will always prove to be beneficial.

    The Process Moving Forward

    • Is it possible to pivot a company’s process to improve sales goals? From experience, we have discovered that turning your monthly or yearly goals, and objectives into daily goals can be extremely beneficial.
    • By talking about daily goals and asking critical questions, your team will begin to discover distinctions, issues, and solutions that will move goals forward.
    • While occasionally the solutions do appear all at once, more times than not they will reveal themselves over a period of a few months.

    Conclusion

    • Problems do not get solved just by looking at them. As a business owner, you have to investigate and probe.
    • By having conversations with your team every day and diving deep into the reasons that certain goals are not being achieved, you will notice that the tides will begin to change.

    -----

    • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
    • For more information, please visit ExitMindset.com.
    12 min
  • Pivoting Your Business
    Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ Send your questions to [email protected] ----- Pivoting Your Business If you’ve been setting lofty, long-term goals and not seeing the progress that you’d expected, it may be time to consider pivoting your business. It is human nature to procrastinate and take the first few days of the month off after a long-fought battle the previous month, which is likely what your employees are doing. If you’ve already analyzed the other parts of your business, realistically your problem may be with the way your company sets goals! Analyzing Goals & Objectives When a corporation begins to outline monthly goals, it plays into an employee’s natural urge to let the beginning of the month slide by and then “cram for the exam” at the end of the month. Some seasoned veterans even derive satisfaction from pulling a project together out of thin air, at the last minute. Even if you are able to capitalize on your procrastination a few months in a row, it does not mean that your decision-making process is sound. While we all know that is an unrealistic goal at first, striving to be ahead of the curve will always prove to be beneficial. The Process Moving Forward Is it possible to pivot a company’s process to improve sales goals? From experience, we have discovered that turning your monthly or yearly goals, and objectives into daily goals can be extremely beneficial. By talking about daily goals and asking critical questions, your team will begin to discover distinctions, issues, and solutions that will move goals forward. While occasionally the solutions do appear all at once, more times than not they will reveal themselves over a period of a few months. Conclusion Problems do not get solved just by looking at them. As a business owner, you have to investigate and probe. By having conversations with your team every day and diving deep into the reasons that certain goals are not being achieved, you will notice that the tides will begin to change. ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.
    12 min
  • What Is Your Niche?

    Key Links

    • Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
    • http://exitmindset.com/
    • Send your questions to [email protected]

    -----

    What is Your Niche?

    • If your company is not targeting a specific niche and isolating the correct target market, you may be spending more money than is necessary to reach your goals.
    • The Exit Mindset is predicated on the idea that viewing your business as if there was a buyer present, will increase your valuation.
    • If a higher valuation is what you’ve been working towards, this will show you how maximizing the profits of your business can lead to a better life for yourself as a business owner.

    Focusing on a Niche Segment of the Market

    • As you speak with more and more business owners and CEO’s, you may begin to realize that targeting a niche market is one aspect of a business that is commonly overlooked.
    • Is it realistic to market any product to hundreds of millions of consumers across various platforms? The answer is, not typically!
    • Clarification of your target market will not only eliminate exorbitant advertising costs but can also bring your entire team together to accomplish a single, known goal.
    • It’s no secret that there is a lot of power in targeting a specific niche!
    • Creating a better businesses model from the ground up, using the Exit Mindset and determining which people need your service, can help you focus on specific markets and demographics that may result in a higher conversion rate.
    • By understanding your customer’s needs, it is possible to help them efficiently achieve the results that they are looking for and, in the process, create a lifetime customer.

    Narrowing Your Competition

    • At the end of the day, the more general your product is the more competition there is, and the more expensive your advertising becomes.
    • By narrowing your focus and eliminating competition, your company is able to thrive amongst a specific group of consumers.
    • Once you have some sales and marketing data available to be analyzed, it may be a bit easier to dig deeper into your specific niche.

    Conclusion

    • Is your company not achieving their profit goals? For a lot of business owners, targeting the correct consumer is the primary issue!
    • Targeting a specific niche can decrease your advertising costs and create a better life for you as a business owner.
    • After speaking with hundreds of business owners, it’s amazing to hear just how many have found unbelievable success by simply focusing on a single niche.

    -----

    • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
    • For more information, please visit ExitMindset.com.
    16 min
  • What Is Your Niche?
    Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ Send your questions to [email protected] ----- What is Your Niche? If your company is not targeting a specific niche and isolating the correct target market, you may be spending more money than is necessary to reach your goals. The Exit Mindset is predicated on the idea that viewing your business as if there was a buyer present, will increase your valuation. If a higher valuation is what you’ve been working towards, this will show you how maximizing the profits of your business can lead to a better life for yourself as a business owner. Focusing on a Niche Segment of the Market As you speak with more and more business owners and CEO’s, you may begin to realize that targeting a niche market is one aspect of a business that is commonly overlooked. Is it realistic to market any product to hundreds of millions of consumers across various platforms? The answer is, not typically! Clarification of your target market will not only eliminate exorbitant advertising costs but can also bring your entire team together to accomplish a single, known goal. It’s no secret that there is a lot of power in targeting a specific niche! Creating a better businesses model from the ground up, using the Exit Mindset and determining which people need your service, can help you focus on specific markets and demographics that may result in a higher conversion rate. By understanding your customer’s needs, it is possible to help them efficiently achieve the results that they are looking for and, in the process, create a lifetime customer. Narrowing Your Competition At the end of the day, the more general your product is the more competition there is, and the more expensive your advertising becomes. By narrowing your focus and eliminating competition, your company is able to thrive amongst a specific group of consumers. Once you have some sales and marketing data available to be analyzed, it may be a bit easier to dig deeper into your specific niche. Conclusion Is your company not achieving their profit goals? For a lot of business owners, targeting the correct consumer is the primary issue! Targeting a specific niche can decrease your advertising costs and create a better life for you as a business owner. After speaking with hundreds of business owners, it’s amazing to hear just how many have found unbelievable success by simply focusing on a single niche. ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.
    16 min
  • Installing a New Perspective

    Key Links

    • Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
    • http://exitmindset.com/
    • Send your questions to [email protected]

    -----

    Installing a New Perspective

    • Business owners across the country will agree that a distracted employee is an employee who is failing to reach their full potential.
    • There are countless business owners throughout the country who assign their employees projects and tasks that are drastically outside of their areas of expertise.
    • Whether that new job is challenging or not, it’s easy to imagine how someone would have to shift their complete focus away from their task at hand and install a new perspective!

    How Shifting Perspectives Can Affect Your Valuation

    • It’s no secret that quickly shifting perspectives or tasks is difficult. But what you may not know is how a shift in focus could affect productivity and even your company’s valuation.
    • From the perspective of a potential buyer, seeing employees in the marketing department handling accounting and vice versa, could be a window into the underlaying processes and everyday procedures.
    • It may be time to reevaluate which members of your team are easily able to transition their attention from one task to the next without falling victim to a complete re-install and reboot of their perspective!

    Large Companies & Smaller Businesses

    • Whether you are running a global corporation or a small family business, spreading your employees too thin is a real possibility.
    • No matter how large the business you are running is, recognizing when a project is being stalled due to the prioritization of another assignment is especially important.
    • The difference between a large corporation and a small business is that employees who work for small companies are often forced to spread themselves much thinner than their counterparts.

    The Solution

    • What can you do as a business owner to solve the issue of employees constantly having to install new perspectives? The answer can be found through careful evaluation of your teams and their daily functions.
    • To assist you in this process, we’ve created a helpful worksheet (linked below this article and at www.exitmindset.com/tools) that will help you organize your thoughts and present them in the future if necessary.
    • If you are able to achieve a positive outcome, you will notice increased levels of focus throughout the office, less mistakes, and higher productivity!

    Conclusion

    • There’s no doubt that employees face a ton of distractions throughout their day. Are there distractions or changes of perspective that you could be controlling?
    • Is there a lot of overlap? Are employees straying too far from their primary duties? Soon you’ll have the answers to all of these questions and more!

    -----

    • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
    • For more information, please visit ExitMindset.com.
    15 min
  • Installing a New Perspective
    Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ Send your questions to [email protected] ----- Installing a New Perspective Business owners across the country will agree that a distracted employee is an employee who is failing to reach their full potential. There are countless business owners throughout the country who assign their employees projects and tasks that are drastically outside of their areas of expertise. Whether that new job is challenging or not, it’s easy to imagine how someone would have to shift their complete focus away from their task at hand and install a new perspective! How Shifting Perspectives Can Affect Your Valuation It’s no secret that quickly shifting perspectives or tasks is difficult. But what you may not know is how a shift in focus could affect productivity and even your company’s valuation. From the perspective of a potential buyer, seeing employees in the marketing department handling accounting and vice versa, could be a window into the underlaying processes and everyday procedures. It may be time to reevaluate which members of your team are easily able to transition their attention from one task to the next without falling victim to a complete re-install and reboot of their perspective! Large Companies & Smaller Businesses Whether you are running a global corporation or a small family business, spreading your employees too thin is a real possibility. No matter how large the business you are running is, recognizing when a project is being stalled due to the prioritization of another assignment is especially important. The difference between a large corporation and a small business is that employees who work for small companies are often forced to spread themselves much thinner than their counterparts. The Solution What can you do as a business owner to solve the issue of employees constantly having to install new perspectives? The answer can be found through careful evaluation of your teams and their daily functions. To assist you in this process, we’ve created a helpful worksheet (linked below this article and at www.exitmindset.com/tools) that will help you organize your thoughts and present them in the future if necessary. If you are able to achieve a positive outcome, you will notice increased levels of focus throughout the office, less mistakes, and higher productivity! Conclusion There’s no doubt that employees face a ton of distractions throughout their day. Are there distractions or changes of perspective that you could be controlling? Is there a lot of overlap? Are employees straying too far from their primary duties? Soon you’ll have the answers to all of these questions and more! ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.
    15 min
  • Harnessing the Right Resources to Achieve Your Goals

    Key Links

    • Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
    • http://exitmindset.com/

    -----

    Harnessing the Right Resources to Achieve Your Goals

    • What happens when you do not possess the financial or human resources that are required to achieve a goal, or complete a defined objective?
    • Not only will understanding your resources and making more efficient use of them improve your valuation, but it will also increase business profitability.
    • The reality is each and every person can make a difference overtime even if the progress seems minimal at first. So, what resources do you need?

    Resources: Human and Financial

    • There are two types of resources that you should be concerned with as a business owner, your human resources or your employees, and your financial resources.
    • Each and every business owner, across the country, run into large projects that require a greater number of resources than are available to the business.
    • By taking a step or two back and attempting to break down a larger objective into multiple, smaller parts, all of a sudden you may be able to see the light at the end of the tunnel.
    • Do you have any projects that have been tabled for a year, maybe even two or three? What if you had done a third of that project the first month, the next third the second month, and then finished it within 90 days?
    • There is no shame in finishing a project that could have taken one month with all of your resources.
    • If you’ve been having a difficult time making the decision to allocate resources to a goal or task, try breaking down the task in front of you and determining whether slow yet steady progress could be an actionable solution.

    Cost Allocation

    • As a business owner, assigning projects to outside companies can be a way to harness additional human power.
    • By splitting costs among experienced vendors based on expertise as well as price, you may be able to spread the costs of a project out over time, get the best bang for your buck, and improve the profitability of your company.
    • When it comes time to figure out how to avoid obstacles and harness the resources needed for a project, you can take it one step at a time.

     

    Conclusion

    • Insurmountable goals are not always as difficult to achieve as they appear when you are standing at the very bottom of the mountain.
    • Breaking down a project into multiple parts and assigning those parts to capable vendors, or even slowly handing them out to your internal teams over time, can lead to long-term success.
    • If a task is truly beneficial to increasing the valuation of your company or improving your Exit Infrastructure, there is no reason to be wasting any time.

    -----

    • The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
    • For more information, please visit ExitMindset.com.
    15 min
  • Harnessing the Right Resources to Achieve Your Goals
    Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Harnessing the Right Resources to Achieve Your Goals What happens when you do not possess the financial or human resources that are required to achieve a goal, or complete a defined objective? Not only will understanding your resources and making more efficient use of them improve your valuation, but it will also increase business profitability. The reality is each and every person can make a difference overtime even if the progress seems minimal at first. So, what resources do you need? Resources: Human and Financial There are two types of resources that you should be concerned with as a business owner, your human resources or your employees, and your financial resources. Each and every business owner, across the country, run into large projects that require a greater number of resources than are available to the business. By taking a step or two back and attempting to break down a larger objective into multiple, smaller parts, all of a sudden you may be able to see the light at the end of the tunnel. Do you have any projects that have been tabled for a year, maybe even two or three? What if you had done a third of that project the first month, the next third the second month, and then finished it within 90 days? There is no shame in finishing a project that could have taken one month with all of your resources. If you’ve been having a difficult time making the decision to allocate resources to a goal or task, try breaking down the task in front of you and determining whether slow yet steady progress could be an actionable solution. Cost Allocation As a business owner, assigning projects to outside companies can be a way to harness additional human power. By splitting costs among experienced vendors based on expertise as well as price, you may be able to spread the costs of a project out over time, get the best bang for your buck, and improve the profitability of your company. When it comes time to figure out how to avoid obstacles and harness the resources needed for a project, you can take it one step at a time.   Conclusion Insurmountable goals are not always as difficult to achieve as they appear when you are standing at the very bottom of the mountain. Breaking down a project into multiple parts and assigning those parts to capable vendors, or even slowly handing them out to your internal teams over time, can lead to long-term success. If a task is truly beneficial to increasing the valuation of your company or improving your Exit Infrastructure, there is no reason to be wasting any time. ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.
    15 min

About Exit Mindset

From the publisher's feed

In your business, do you feel like it’s all work, little personal time, and less profit than you deserve? Enter the Exit Mindset podcast. The Exit Mindset gives you a series of principles and…