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In this podcast episode, I'm talking about the crucial art of asking questions the right way. Drawing from my extensive experience with social media groups on veterans and entrepreneurship, I dive into the importance of asking specific questions to get high-quality answers.
I also shed light on how to avoid unhelpful or snarky responses, which can be a major hindrance in any quest for knowledge. But that's not all! As a seasoned consultant, I share some of the most insightful questions I ask my clients to help them navigate their business goals and overcome their challenges.
As a bonus, I share a personal update and offer a motivating call to action for listeners to keep asking questions and seeking help in both their professional and personal lives. So buckle up, folks! This is a podcast episode you won't want to miss.
You can connect with me here:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
In the latest episode of my podcast, Intentional Disruption, I'm discussing equity in business. I talk about the potential problems that can arise when giving someone an ownership stake in your business, such as additional reporting and complicated buyout processes if the company is to sell.
To illustrate this, I provide an example of how I structured an acquisition deal to retain a critical employee, without giving them a stake in the company. This helped reduce risk factors and ensured the business was not driven by personalities or individuals.
I also suggest that businesses should standardize processes and delegate specialist knowledge to reduce the concentration of information within key individuals.
As always you can reach me at:
https://www.growwithdelta.com https://www.linkedin.com/in/mike-demo/ https://www.facebook.com/mike.demo/
If I told you things always go to plan I would be lying. It doesn't happen in your business and sometimes it doesn't happen in mine as well.
In today's episode I will walk you through some of the friction that came up in side a potential acquistion and funding round.
Having solid fundamentals and operating procedures will help mitigate the damage unforeseen issues can deliver. The more sound your foundational processes the easier it is to adapt and overcome.
I hope you find value and are able to apply these lessons inside your business today.
As always you can reach me at:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
No frills or music for this one. Today's episode is about taking accountability for the results of our business, relationships and every aspect of our being.
I had some setbacks recently that left me more stressed than I should be. To use current terms, I was a bit triggered by the results. I was frustrated, angry and I cussed quite a bit as I tried to clear up the issues.
I am sure you've been there too. It's a ache in your chest dealing with things that should be operating properly.
In my case there was a potential impact of $12 million in sales if I didn't get the issues solved. I spent a few hours stewing over all of this until I came back to the principle of accountability.
I hope this episode helps you inside your business!
Connect with me here:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
In this week's episode, I'll be answering a question from one of our listeners. I'll be sharing with you three indispensable apps that have transformed the way I manage scheduling and invoicing in my small business. These apps have helped me improve my business's efficiency and productivity, and I'm confident that they'll be of great benefit to you as well. So tune in and learn how to revolutionize your small business with these essential apps!
Speaking of essential, here are the best ways to connect. As this episode shows, your feedback and questions are heard and answered.
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
In this episode I reflect on valuable lessons from the book "Built to Sell" by John Warrillow, and how he has applied these lessons to his marketing company. I emphasize the importance of reviewing and disrupting processes that are not serving the business efficiently and explain how the book provides useful tips to achieve this. I share an examples from the book about from big businesses such as Saab. I also discusses the five-step process for building a logo outlined in the book and how it can be applied to various businesses. Overall, this episode will demonstrate the importance of being intentional about analyzing and optimizing business processes for maximum efficiency and growth. Thank you for listening.
To connect with me:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
If you are interested in acquiring or growing a business you have no doubt seen posts referring to "zero-down" business buying (or real estate) strategies. Many of these folks are great people but a significant portion are not what you may call credible.
There are very interesting ways to finance an acquisiton, this is not what we are debating here. What I want to share today is what you're actually getting going down this path. What seems good on the surface, buying a biz with no cash down, comes with significant dangers.
Many business owners that are open to these strategies are looking to rapidly exit. The question is why. Is this type of business going to have the systems and processes to allow for a smoothly running operation? Likely not. Do you have a team behind you that can help correct these systems? If not you're likely going to have issues post acquisiton.
If you have capital available for more traditional financing there are better ways to create opportunities. You will have the ability to acquire better businesses.
My team has relationships with vetted partners for each part of this process. We have the ability to enact the "zero down" strategies but its a better process to be able to invest some "skin in the game." Feel free to learn in the groups, Roland Frasier's program does do a great job of giving the information you need to do initial diligence on deal cash flow. There are others but I could not say i would recommend and I would not invest capital in the training.
If this episode intrigued you I am happy to share some great resources on the topic. Connect with me here for more info:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
Business managers, we all know how hectic work can be, but have you ever thought about the importance of stepping back and focusing on what really matters? In this episode, I share my experience of taking care of my two young children while my wife was away for the weekend, and the lessons I learned can be applied to your business.
As a manager, it's essential to have a plan and be able to adapt when things don't go as expected. The parallels between this experience and nurturing relationships in the workplace cannot be ignored. As business managers, we need to be flexible and adaptable to the needs of our employees and customers, just as I had to adjust my approach to fit the needs of my children. Building strong relationships takes effort and planning, but the results are worth it.
By investing time and energy into nurturing relationships, we create a foundation for success and growth that can withstand any challenge that comes our way. So, take a step back from the hustle and bustle of work, and listen to my podcast episode for practical tips and inspiration to help you thrive in today's fast-paced business world.
Connect with Mike here:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
#AuthenticSuccess #RealPrinciples #StreamlineProductivity #ReduceBureaucracy #StrongCommunityTies #ThrivingBusiness #PracticalTips #Inspiration #BusinessWorld #IntegrityInBusiness
In this podcast, I delve into the critical importance of staying true to your principles and keeping it real. With a captivating example of a business that charges large sums for advice yet lacks integrity and authenticity, I drive home the point that true success goes beyond the bottom line.
Plus, I reveal the key to skyrocketing productivity and delivering outstanding results: streamlining your operations and reducing bureaucracy.
And as a bonus tip, I share why it's crucial to ensure that employees' significant others view the company in a positive light to maintain strong ties with the community. Don't miss this episode that's chock-full of practical tips and inspiration to help you thrive in today's fast-paced business world!
Connect with Mike below.
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
#AuthenticSuccess #RealPrinciples #StreamlineProductivity #ReduceBureaucracy #StrongCommunityTies #ThrivingBusiness #PracticalTips #Inspiration #BusinessWorld #IntegrityInBusiness #ProductivityHacks #BeyondTheBottomLine
In this podcast episode, I discuss a conversation I had with a social media influencer regarding their marketing strategy in which I point out the significance of generating sufficient revenue to avoid adopting a loss leader strategy. To achieve revenue neutrality, I go over optimization techniques like split testing and landing pages. Additionally, I share a story about a client who successfully negotiated a sponsorship deal and stress the importance of evaluating the potential return on investment. Above all, I emphasize the significance of prioritizing profit over revenue and advise against adopting a low-margin business model.
As always please leave a review/ rating so we can help grow the tribe. Your reviews help other business owners and veterans find the tips and tools that can help them grow.
If you want to connect directly reach out to me here:
https://www.growwithdelta.com
https://www.linkedin.com/in/mike-demo/
https://www.facebook.com/mike.demo/
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