Exit Mindset

Key Links

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

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Assemble a Team to Work Smarter Not Harder

• If you’re beginning to notice that your teams aren’t living up to their full potential, there is likely a problem with your infrastructure.
• By improving your processes using the Exit Mindset to create an Exit Infrastructure; you’ll be able to work smarter, not harder.
• Once a proper Exit Infrastructure is in place and employees are performing above expectations, you can be sure your company’s valuation will be at an all-time high.

Identifying Core Competencies

• The most important and influential asset of your business is its employees; all of whom are bound to have different personalities, skillsets, and weaknesses.
• By thoughtfully creating your teams in a way that maximizes the strengths of the company, your potential to achieve future objectives will skyrocket!
• By creating primary and secondary personality trait lists, character lists, and by reviewing past work, you may actually be able to identify a specific core competency that you never knew one of your employees possessed.
• Finding the core competencies of each individual can take a lot of time and requires you to be in tune with your company.

The Benefits of Enabling Employees to Succeed

• Once you’ve determined the type of work that an employee enjoys and the type of work that they excel at, you’ll be able to assign them jobs that align with their psyche, desires, and the objectives of the company.
• While the results are not always that dramatic, it is proven that employees perform significantly better when they enjoy the work they are doing!
• By assigning the people at your company work that they want to do and providing them with the resources to do it, you will enable them to succeed and empower them to take responsibility for their work.
• Primary and secondary sheets mentioned above are a great tool for creating a backup plan when you have more business functions than employees who truly enjoy doing them.
• A primary sheet denotes all of the roles within a company and who they will primarily be filled by, and a secondary sheet takes into consideration employees who can cross over to fill a barren role if needed.
• Creating a primary and a secondary sheet may point out some holes in your company, which could either lead to some much-needed organization or even the hiring of additional personnel.

Conclusion

• Creating an Exit Infrastructure and rethinking the way that your employees are assigned work can benefit your company immediately and will only lead to more success.
• By analyzing your personnel, balancing personalities, and catering to your employee’s competencies, you’ll be able to leverage your employees and do the work of 30 people with a fraction of that!

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.

Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Assemble a Team to Work Smarter Not Harder If you’re beginning to notice that your teams aren’t living up to their full potential, there is likely a problem with your infrastructure. By improving your processes using the Exit Mindset to create an Exit Infrastructure; you’ll be able to work smarter, not harder. Once a proper Exit Infrastructure is in place and employees are performing above expectations, you can be sure your company’s valuation will be at an all-time high. Identifying Core Competencies The most important and influential asset of your business is its employees; all of whom are bound to have different personalities, skillsets, and weaknesses. By thoughtfully creating your teams in a way that maximizes the strengths of the company, your potential to achieve future objectives will skyrocket! By creating primary and secondary personality trait lists, character lists, and by reviewing past work, you may actually be able to identify a specific core competency that you never knew one of your employees possessed. Finding the core competencies of each individual can take a lot of time and requires you to be in tune with your company. The Benefits of Enabling Employees to Succeed Once you’ve determined the type of work that an employee enjoys and the type of work that they excel at, you’ll be able to assign them jobs that align with their psyche, desires, and the objectives of the company. While the results are not always that dramatic, it is proven that employees perform significantly better when they enjoy the work they are doing! By assigning the people at your company work that they want to do and providing them with the resources to do it, you will enable them to succeed and empower them to take responsibility for their work. Primary and secondary sheets mentioned above are a great tool for creating a backup plan when you have more business functions than employees who truly enjoy doing them. A primary sheet denotes all of the roles within a company and who they will primarily be filled by, and a secondary sheet takes into consideration employees who can cross over to fill a barren role if needed. Creating a primary and a secondary sheet may point out some holes in your company, which could either lead to some much-needed organization or even the hiring of additional personnel. Conclusion Creating an Exit Infrastructure and rethinking the way that your employees are assigned work can benefit your company immediately and will only lead to more success. By analyzing your personnel, balancing personalities, and catering to your employee’s competencies, you’ll be able to leverage your employees and do the work of 30 people with a fraction of that! ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com.

Key Links

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

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Positioning Your Business in an Unpredictable Economy

• It can be especially valuable to learn about how government entities may affect your businesses profitability and valuation in the future.
• The Exit Mindset is the idea that putting yourself into the mind of a potential buyer will lead to a more successful business and eventually a higher valuation.
• Have you ever asked yourself, does the success of the economy influence my revenue? The answer is yes.
• Learn about government deficits, taxes, and how it could affect your sales and profitability.

 

Federal Budget Deficit & Taxes

• One of the biggest factors that may be affecting your business without immediately grasping your attention is the federal budget deficit.
• The United States, one of the wealthiest countries in the world by a lot of people’s perception, is operating with a deficit of over $20 Trillion.
• Understanding the debt that your country is in can give you powerful insights into what is happening at the government level, and whether there may be tax increases in the future.
• Local and Federal governments tax the citizens of the US and then use the money they get from taxes to spend on things like infrastructure, public education, and more.

 

The Goose Laying the Golden Egg

• It is easy to think that raising taxes is the right direction to head with a federal budget deficit of over $20 Trillion, but is that really the answer?
• The more the government taxes the US citizens, the less disposable income the country as a whole has to spend with large US based corporations and other small businesses.
• If we take one employee in the US as an example, it is quite easy to see how taxes will affect their purchasing habits.
• At the end of the day, the purpose of this illustration is to demonstrate that you need to position your business to move forward and thrive through hard economic times.

 

Exit Product

• As you begin to master some of the basics of the Exit Mindset principles, product, infrastructure, and conversation, you should start to focus in on your product and whether it could be considered an exit product.
• Creating enough value in the eye of your target consumer will lead to future success, even through an economic downturn or time of higher taxes for businesses.

 

Conclusion

• Be sure to revisit your product, infrastructure, and conversation when you have a chance.
• Focusing in on a specific target market during a time of economic uncertainty will keep your business alive!
• If we use the analogy of a ship sailing the rough seas of the ocean, you want your business to be a well-made, tough ship when it comes time to weather the storm.
• There may be some damage along the journey, but if you focus on situational awareness and adaptation, there is nothing that can stand in your way.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.

 

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Positioning Your Business in an Unpredictable Economy It can be especially valuable to learn about how government entities may affect your businesses profitability and valuation in the future. The Exit Mindset is the idea that putting yourself into the mind of a potential buyer will lead to a more successful business and eventually a higher valuation. Have you ever asked yourself, does the success of the economy influence my revenue? The answer is yes. Learn about government deficits, taxes, and how it could affect your sales and profitability.   Federal Budget Deficit & Taxes One of the biggest factors that may be affecting your business without immediately grasping your attention is the federal budget deficit. The United States, one of the wealthiest countries in the world by a lot of people’s perception, is operating with a deficit of over $20 Trillion. Understanding the debt that your country is in can give you powerful insights into what is happening at the government level, and whether there may be tax increases in the future. Local and Federal governments tax the citizens of the US and then use the money they get from taxes to spend on things like infrastructure, public education, and more.   The Goose Laying the Golden Egg It is easy to think that raising taxes is the right direction to head with a federal budget deficit of over $20 Trillion, but is that really the answer? The more the government taxes the US citizens, the less disposable income the country as a whole has to spend with large US based corporations and other small businesses. If we take one employee in the US as an example, it is quite easy to see how taxes will affect their purchasing habits. At the end of the day, the purpose of this illustration is to demonstrate that you need to position your business to move forward and thrive through hard economic times.   Exit Product As you begin to master some of the basics of the Exit Mindset principles, product, infrastructure, and conversation, you should start to focus in on your product and whether it could be considered an exit product. Creating enough value in the eye of your target consumer will lead to future success, even through an economic downturn or time of higher taxes for businesses.   Conclusion Be sure to revisit your product, infrastructure, and conversation when you have a chance. Focusing in on a specific target market during a time of economic uncertainty will keep your business alive! If we use the analogy of a ship sailing the rough seas of the ocean, you want your business to be a well-made, tough ship when it comes time to weather the storm. There may be some damage along the journey, but if you focus on situational awareness and adaptation, there is nothing that can stand in your way. ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.   We want to help as man

Key Links

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

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SWOT Analysis

• There is a tool that has been utilized by top level corporations worldwide to break down their business into four actionable pieces.
• The SWOT Analysis is a quick and straight forward way to understand your business on a deeper level.
• The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats.
• One of the easiest ways to visualize a SWOT Analysis is to draw a square separated into four quadrants or use our worksheet at exitmindset.com/tools 

Breaking Down The Acronym SWOT

• You’ll need to refer back to the three principals that we have talked about in the past: your product, infrastructure, and the conversation.
• Strengths- The key is to always maintain a broad Exit Mindset so that your team is able to see the larger picture.
• Weaknesses- It’s important to remember that having a weakness does not mean that your overall business is weak, try to recognize a crack in your infrastructure or product.
• Opportunities- Where your business could grow, market share that could be taken advantage of, or even pricing structure that could be adjusted.
• Threats- Business owners sometimes struggle to identify their own threats, even if the threat is right in front of their nose.
• It’s important to think broad and be honest with yourself and with your business as a whole.

Including The Team

• Including your team and other key decision makers can help to garner a wider view with different perspectives.
• We would always suggest that you begin by creating a rough SWOT Analysis on your own.
• You can then crowdsource solutions or additions to the list using your employees or other executives.
• Remember, as a business owner you are in this endeavor alongside your employees.

Conclusion

• If you are struggling to make SWOT Analysis’ a regular piece of your weekly routine, try to simplify your process and focus on one or two bullet points per letter of the acronym.
• A SWOT Analysis is a great way to establish a 360-degree view of your company but relies on your ability to think honestly and trust your team!

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- SWOT Analysis There is a tool that has been utilized by top level corporations worldwide to break down their business into four actionable pieces. The SWOT Analysis is a quick and straight forward way to understand your business on a deeper level. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. One of the easiest ways to visualize a SWOT Analysis is to draw a square separated into four quadrants or use our worksheet at exitmindset.com/tools  Breaking Down The Acronym SWOT You’ll need to refer back to the three principals that we have talked about in the past: your product, infrastructure, and the conversation. Strengths- The key is to always maintain a broad Exit Mindset so that your team is able to see the larger picture. Weaknesses- It’s important to remember that having a weakness does not mean that your overall business is weak, try to recognize a crack in your infrastructure or product. Opportunities- Where your business could grow, market share that could be taken advantage of, or even pricing structure that could be adjusted. Threats- Business owners sometimes struggle to identify their own threats, even if the threat is right in front of their nose. It’s important to think broad and be honest with yourself and with your business as a whole. Including The Team Including your team and other key decision makers can help to garner a wider view with different perspectives. We would always suggest that you begin by creating a rough SWOT Analysis on your own. You can then crowdsource solutions or additions to the list using your employees or other executives. Remember, as a business owner you are in this endeavor alongside your employees. Conclusion If you are struggling to make SWOT Analysis’ a regular piece of your weekly routine, try to simplify your process and focus on one or two bullet points per letter of the acronym. A SWOT Analysis is a great way to establish a 360-degree view of your company but relies on your ability to think honestly and trust your team! ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram. We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links

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

-----

Laser Target Your Mindset

• The first step in making a change is realizing that you have not yet achieved your goals.
• It is worth keeping in mind that the mentality you are approaching these problems with will also play a crucial role in your success.
• Look at every problem as an issue that can be solved through action, results, and then internal feedback.

Taking Action

• Your business will not be able to overcome any setbacks, or hurdles if action is not taken by the top-level decision makers.
• The issue that a lot of business owners face on a daily basis is not seeing results immediately after a lot of effort has been put into a solution.
• The bottom line here is that if you do not take action, nothing is ever going to happen

Lighting The Fire

• Taking steps in the right direction and observing the positive effects that your team’s actions take on a business, will generate belief and motivate your employees to continue problem solving.
• It is easy to fall into a mindset where you are not believing in yourself, on the other hand, minor success can serve as a steppingstone to further improvement.
• Have you been looking for a way to stoke the fire underneath your business?

Abundance Mentality vs Scarcity Mentality

• As a business owner using the Exit Mindset, you should always be looking to improve your company’s valuation.
• The abundance mentality always keeps your brain thinking about the next improvement, versus the scarcity mentality where people are often worried or nervous about what may lie around the corner.
• Focusing on the negative or the impossible will lead to doubt and counteract that belief, which needs to be constantly generated.

Conclusion

• Belief is a powerful tool that can be utilized by business owners across the globe.
• It doesn’t matter how much drive or passion exists within the walls of your company if there aren’t any leaders willing to take action.
• Whether you succeed or initially fail, there will always be lessons to be learned that will lead to confidence and belief in the future!

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.

 

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Laser Target Your Mindset The first step in making a change is realizing that you have not yet achieved your goals. It is worth keeping in mind that the mentality you are approaching these problems with will also play a crucial role in your success. Look at every problem as an issue that can be solved through action, results, and then internal feedback. Taking Action Your business will not be able to overcome any setbacks, or hurdles if action is not taken by the top-level decision makers. The issue that a lot of business owners face on a daily basis is not seeing results immediately after a lot of effort has been put into a solution. The bottom line here is that if you do not take action, nothing is ever going to happen Lighting The Fire Taking steps in the right direction and observing the positive effects that your team’s actions take on a business, will generate belief and motivate your employees to continue problem solving. It is easy to fall into a mindset where you are not believing in yourself, on the other hand, minor success can serve as a steppingstone to further improvement. Have you been looking for a way to stoke the fire underneath your business? Abundance Mentality vs Scarcity Mentality As a business owner using the Exit Mindset, you should always be looking to improve your company’s valuation. The abundance mentality always keeps your brain thinking about the next improvement, versus the scarcity mentality where people are often worried or nervous about what may lie around the corner. Focusing on the negative or the impossible will lead to doubt and counteract that belief, which needs to be constantly generated. Conclusion Belief is a powerful tool that can be utilized by business owners across the globe. It doesn’t matter how much drive or passion exists within the walls of your company if there aren’t any leaders willing to take action. Whether you succeed or initially fail, there will always be lessons to be learned that will lead to confidence and belief in the future! ----- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved. For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.   We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links

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

-----

Tightening Your Business with the Right Tools

• There are countless business owners each and every day that give up on their dreams of being an entrepreneur.
• If you’re starting to feel like all of the bulky parts of your business are falling into place, you may need a wrench!

The Wrench Metaphor

• You’ll need to be able to accept the fact that there are in fact some pieces of your company that aren’t properly bolted together.
• You’ll need to be able to identify where the loose bolts or poor fitting pieces are so that you can begin to strategize a solution.
• You’ll need to fix the issue; whether that means replacing, reconfiguring, or even reinventing new parts!

Accepting the Problem:

• ‘The Wrench Metaphor’ is so relatable because it’s easy to picture a car rolling down the road with parts hanging off, or a wobbling wheel.
• For many business owners, jumping over the psychological hurdle of accepting that their company may not be bolted together correctly is much more difficult.
• There may only be a few bolts that need tightening or even room for a new part that may lead to the metaphorical vehicle running more efficiently!

Identifying the Loose Parts:

• At a certain point in this process it becomes evident that identifying loose bolts or misconfigured pieces is just as important as brainstorming a solution.
• Once you’ve found the first bolt, be sure to continue to examine the rest of your business with that same mindset, leaving no part untested.
• Have you asked yourself the hard questions about what is truly malfunctioning?

The Fix

• In order to avoid feeling overwhelmed, it’s important to tackle one task before moving on to the next as opposed to losing focus trying to finish the entire project at once.
• If you’ve noticed that your product has some loose bolts, the solution may be a simple add-one or even just a small adjustment.
• Any fix you make should lead to a better valuation for your company, more time in your day, higher profits, and better offerings!

Conclusion

• Even if all of the business fragments you are currently in possession of fit in their current arrangement, there may still be other ways of assembling the same pieces or even a way to reinvent more efficient parts.
• If you don’t take action, nothing is ever going to happen, and your business will never be back on the road racing towards a higher 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.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.
•  

Key Links Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!) http://exitmindset.com/ ----- Tightening Your Business with the Right Tools There are countless business owners each and every day that give up on their dreams of being an entrepreneur. If you’re starting to feel like all of the bulky parts of your business are falling into place, you may need a wrench! The Wrench Metaphor You’ll need to be able to accept the fact that there are in fact some pieces of your company that aren’t properly bolted together. You’ll need to be able to identify where the loose bolts or poor fitting pieces are so that you can begin to strategize a solution. You’ll need to fix the issue; whether that means replacing, reconfiguring, or even reinventing new parts! Accepting the Problem: ‘The Wrench Metaphor’ is so relatable because it’s easy to picture a car rolling down the road with parts hanging off, or a wobbling wheel. For many business owners, jumping over the psychological hurdle of accepting that their company may not be bolted together correctly is much more difficult. There may only be a few bolts that need tightening or even room for a new part that may lead to the metaphorical vehicle running more efficiently! Identifying the Loose Parts: At a certain point in this process it becomes evident that identifying loose bolts or misconfigured pieces is just as important as brainstorming a solution. Once you’ve found the first bolt, be sure to continue to examine the rest of your business with that same mindset, leaving no part untested. Have you asked yourself the hard questions about what is truly malfunctioning? The Fix In order to avoid feeling overwhelmed, it’s important to tackle one task before moving on to the next as opposed to losing focus trying to finish the entire project at once. If you’ve noticed that your product has some loose bolts, the solution may be a simple add-one or even just a small adjustment. Any fix you make should lead to a better valuation for your company, more time in your day, higher profits, and better offerings! Conclusion Even if all of the business fragments you are currently in possession of fit in their current arrangement, there may still be other ways of assembling the same pieces or even a way to reinvent more efficient parts. If you don’t take action, nothing is ever going to happen, and your business will never be back on the road racing towards a higher 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. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.