"By structuring the business so I’m not needed day-to-day, I’ve empowered my employees to grow and thrive. It’s allowed me to focus on what I love doing, and let others take on what they’re great at."

Resources Mentioned in This Episode:

• Belgard: Training for the design and project management team on paving stone installation.
• Provincial Landscape Associations: Mentioned as a key resource for learning from peers.
• Life Insurance Products: Discussed in terms of business planning and personal financial protection.

Topics Discussed:

[00:00] Introduction
Rob introduces Matt Bell and the episode’s focus on his unique life and business experiences.

[01:25] Early Cancer Diagnosis and Its Impact on Business
Matt shares how a late-stage cancer diagnosis in his 20s impacted his view on life and business.

[02:31] Geller’s Design Build Landscape Overview
Matt provides an overview of his business, which focuses on high-end residential landscaping in Manitoba.

[04:50] How Cancer Shaped His Business Mindset
Matt discusses how living with cancer gave him a unique outlook on corporate structure, leadership, and empowering his team.

[08:24] Letting Go and Empowering Employees
Matt talks about the importance of structuring a business to operate independently of the owner.

[12:06] Growth Constraints in the Green Industry
Matt outlines how mindset and investing in people versus equipment can accelerate business growth.

[14:57] Scarcity vs. Abundance Mindset
How focusing on abundance and moving on quickly from failures has transformed his business.

[18:56] Investing in People Over Equipment
Matt emphasizes the value of investing in employees, providing training, and compensating them well.

[27:28] Financial Structuring and Corporate Planning
Practical advice on structuring a business for long-term success, including trust funds, insurance, and exit planning.

[33:54] Finding a Good Financial Planner
Tips for finding a financial planner who acts in the best interest of the business owner.

[37:00] Resources and Mentors for Learning
Matt highlights the importance of learning from local business owners and associations.
 

Actionable Key Takeaways:

• Letting Go Empowers Growth: Structuring your business to operate without you not only ensures continuity but empowers employees to take ownership of their roles.
• Mindset Shift: Focus on abundance over scarcity. Don’t dwell on missed opportunities; instead, put your energy into future growth.
• Invest in People: Investing in employee training and fair compensation leads to long-term loyalty and improved business outcomes, even more than investing in equipment.
• Corporate Structuring: Setting up proper corporate structures early, such as family trusts and life insurance, can protect your business and family in the long run.
• Learn from Your Community: Valuable business lessons can often come from local business owners and mentors rather than big-name speakers or authors.