Intentional Growth

Duane Smith is the CEO of True North Companies (a business which aims to help entrepreneurs strategically). In this episode, I talked with calm, cool, and collected Duane about how businesses can thrive as long as they have the five key elements of success. We also talked about his “tuition payments”, the theories behind his structural entrepreneur platform, and what the five key elements are and how you can improve on them. 

What you will learn:

The importance of creating and following your vision statement

The difference between ownership and leadership

What is a perpetual legacy transition plan?

The 5 key elements of success

What is Duane’s structural entrepreneur platform?

The importance of building the environment which can attract and build performance

How you build transparency in a company

The importance of growth, your business culture, client experience and operation, finance & accounting

Takeaways:

Try to determine what you want and why. What are the targets and strategies you are trying to execute? How do you consistently execute those things in the day-to-day functions of the business while also building a culture which wraps around all that? 

Links and Resources:

Duane Smith

True North Companies

EntreFest

ARKONA Boot Camp

About Duane:

Duane Smith started off in the insurance business and life was great until interest rates skyrocketed and he suddenly needed to foreclose on the people he went to church with. That’s when he knew he needed a change.

He is a jack-of-all-trades, having worked with insurance, risk management, mergers & acquisitions, succession planning, and volunteering for the Chamber of Commerce, and development committees.

When working with their clients, Duane morphs into a professional partner. In this position, he is able to work closely with their clients in order to assist in strategic succession planning, mergers, and acquisitions. His experience and intuition allows him to construct personalized packages for each client, in order to meet their needs. He can also work as a consultant in order to guide organizations to success.

When Mike made it big, he lived the lifestyle and grew an ego the size of his business. But after the funds ran out, that’s when he learned his biggest lesson about entrepreneurship. 

Today I talk to Mike (Motorbike) Michalowicz about his financial heartattack, the best way to get started, and the first step to building a valuable company.

What You Will Learn:

Who is Mike Michalowicz?

What did Mike do after his financial heart attack?

What is the root cause behind the way entrepreneurs view profit?

How “putting your tennis shoes on top of the lid of the toilet” can help

The five types of bank accounts every business should have

How healthy is your business?

The definition of TAPs

The definition of CAPs

Which expenses have a proven ROI

The danger behind using OPM

Using Occam’s Razor in entrepreneurship

The best way to get started

The correlation with valuations

Takeaways:

How do you create a cash machine, regardless of how big you or your business are? Mike talks about you how to take your first steps when you want to build a valuable company (to increase the cash flow), because after you’ve built your business into an ATM, that’s when you should think about an exit strategy.

Resources: 

Mike Michalozicz

Facebook Fan Page

Twitter

Instagram

Profit First 

ARKONA Bootcamp

When Mike made it big, he lived the lifestyle and grew an ego the size of his business. But after the funds ran out, that’s when he learned his biggest lesson about entrepreneurship. 

Today I talk to Mike (Motorbike) Michalowicz about his financial heartattack, the best way to get started, and the first step to building a valuable company.

What You Will Learn:

Who is Mike Michalowicz?

What did Mike do after his financial heart attack?

What is the root cause behind the way entrepreneurs view profit?

How “putting your tennis shoes on top of the lid of the toilet” can help

The five types of bank accounts every business should have

How healthy is your business?

The definition of TAPs

The definition of CAPs

Which expenses have a proven ROI

The danger behind using OPM

Using Occam’s Razor in entrepreneurship

The best way to get started

The correlation with valuations

Takeaways:

How do you create a cash machine, regardless of how big you or your business are? Mike talks about you how to take your first steps when you want to build a valuable company (to increase the cash flow), because after you’ve built your business into an ATM, that’s when you should think about an exit strategy.

Resources: 

Mike Michalozicz

Facebook Fan Page

Twitter

Instagram

Profit First 

ARKONA Bootcamp

When Mike made it big, he lived the lifestyle and grew an ego the size of his business. But after the funds ran out, that’s when he learned his biggest lesson about entrepreneurship. 

Today I talk to Mike (Motorbike) Michalowicz about his financial heartattack, the best way to get started, and the first step to building a valuable company.

What You Will Learn:

Who is Mike Michalowicz?

What did Mike do after his financial heart attack?

What is the root cause behind the way entrepreneurs view profit?

How “putting your tennis shoes on top of the lid of the toilet” can help

The five types of bank accounts every business should have

How healthy is your business?

The definition of TAPs

The definition of CAPs

Which expenses have a proven ROI

The danger behind using OPM

Using Occam’s Razor in entrepreneurship

The best way to get started

The correlation with valuations

Takeaways:

How do you create a cash machine, regardless of how big you or your business are? Mike talks about you how to take your first steps when you want to build a valuable company (to increase the cash flow), because after you’ve built your business into an ATM, that’s when you should think about an exit strategy.

Resources: 

Mike Michalozicz

Facebook Fan Page

Twitter

Instagram

Profit First 

ARKONA Bootcamp

Sue Hawkes is the award-winning author of the book, Chasing Perfection: Shatter the Illusion; Minimize Self-Doubt & Maximize Success. In this episode, she about the basis and philosophies behind the book. 

Chasing Perfection is a book about business leadership written by a woman, for women. However, imposter syndrome can happen to anyone. Sue brings her personal and professional experience to her book and this episode in order to tackle the topics of imposter syndrome, founder’s syndrome, vulnerability, and the concept of saying no.

What You Will Learn:

Who is Sue Hawkes?

The story about “Chasing Perfection” 

The difference between men and women when it comes to leadership

What is imposter syndrome?

The role of vulnerability in strength

How being vulnerable can help you bond but can reinforce your confidence

What to do when “Fake it til you make it” turns into burnout

Why it is important to have honest “truthteller” people in your life

Peer Learning

Founder’s syndrome

Insistent, incremental improvement

How to use actionable practices to conquer imposter syndrome

Know when you should say no 

The end result of discipline and focus 

How to funnel entrepreneur momentum and energy

The importance of volunteering for your professional career and your personal well-being

Which group dynamics are more vulnerable, authentic, and honest

The breaking point of imposter syndrome

Takeaways:

Are you saying yes to too much? We are all genetically wired to go full speed but, in order to stay sane, it is important to delegate, slowly implement elements of self-care, and find someone you can trust and confide in. 

Links And Resources:

Sue Hawkes.com: https://www.suehawkes.com/

LinkedIn: https://www.linkedin.com/in/suehawkes/

Twitter: https://twitter.com/SueHawkesYESS

“Chasing Perfection” on Amazon:

Sue Hawkes is the award-winning author of the book, Chasing Perfection: Shatter the Illusion; Minimize Self-Doubt & Maximize Success. In this episode, she about the basis and philosophies behind the book. 

Chasing Perfection is a book about business leadership written by a woman, for women. However, imposter syndrome can happen to anyone. Sue brings her personal and professional experience to her book and this episode in order to tackle the topics of imposter syndrome, founder’s syndrome, vulnerability, and the concept of saying no.

What You Will Learn:

Who is Sue Hawkes?

The story about “Chasing Perfection” 

The difference between men and women when it comes to leadership

What is imposter syndrome?

The role of vulnerability in strength

How being vulnerable can help you bond but can reinforce your confidence

What to do when “Fake it til you make it” turns into burnout

Why it is important to have honest “truthteller” people in your life

Peer Learning

Founder’s syndrome

Insistent, incremental improvement

How to use actionable practices to conquer imposter syndrome

Know when you should say no 

The end result of discipline and focus 

How to funnel entrepreneur momentum and energy

The importance of volunteering for your professional career and your personal well-being

Which group dynamics are more vulnerable, authentic, and honest

The breaking point of imposter syndrome

Takeaways:

Are you saying yes to too much? We are all genetically wired to go full speed but, in order to stay sane, it is important to delegate, slowly implement elements of self-care, and find someone you can trust and confide in. 

Links And Resources:

Sue Hawkes.com: https://www.suehawkes.com/

LinkedIn: https://www.linkedin.com/in/suehawkes/

Twitter: https://twitter.com/SueHawkesYESS

“Chasing Perfection” on Amazon:

Sue Hawkes is the award-winning author of the book, Chasing Perfection: Shatter the Illusion; Minimize Self-Doubt & Maximize Success. In this episode, she about the basis and philosophies behind the book. 

Chasing Perfection is a book about business leadership written by a woman, for women. However, imposter syndrome can happen to anyone. Sue brings her personal and professional experience to her book and this episode in order to tackle the topics of imposter syndrome, founder’s syndrome, vulnerability, and the concept of saying no.

What You Will Learn:

Who is Sue Hawkes?

The story about “Chasing Perfection” 

The difference between men and women when it comes to leadership

What is imposter syndrome?

The role of vulnerability in strength

How being vulnerable can help you bond but can reinforce your confidence

What to do when “Fake it til you make it” turns into burnout

Why it is important to have honest “truthteller” people in your life

Peer Learning

Founder’s syndrome

Insistent, incremental improvement

How to use actionable practices to conquer imposter syndrome

Know when you should say no 

The end result of discipline and focus 

How to funnel entrepreneur momentum and energy

The importance of volunteering for your professional career and your personal well-being

Which group dynamics are more vulnerable, authentic, and honest

The breaking point of imposter syndrome

Takeaways:

Are you saying yes to too much? We are all genetically wired to go full speed but, in order to stay sane, it is important to delegate, slowly implement elements of self-care, and find someone you can trust and confide in. 

Links And Resources:

Sue Hawkes.com: https://www.suehawkes.com/

LinkedIn: https://www.linkedin.com/in/suehawkes/

Twitter: https://twitter.com/SueHawkesYESS

“Chasing Perfection” on Amazon:

If you need to change the game of your business, increase its value, and create a culture where everyone is moving in the same direction, take a listen to this episode. Today, I talked with Jack Stack (author of “The Great Game of Business”).

Jack did hard time. And by that he means, he dealt with hard decisions back in 1983 when he and 12 other managers were desperately trying to save the jobs of 112 people at International Harvester. Together, they were able to scrape together $100,000 and used it as a launch pad, in order to transform International Harvester into SRC Holdings Corporation, which is a thriving company with 100x the employees that International Harvester once had. With 1,600 engaged employees working to operate 14 business units across the country, they’re now managing over $600 million in sales. Listen to Jack’s story about how he helped save the jobs of hundreds of people, and created one of the most successful companies in remanufacturing.

What you will learn:

The story of SRC Holdings and its origin story

How transparency can build a strong business

What happens when you teach people the fundamentals of business

How to convert a tremendous amount of debt into equity

The importance of teaching employees instead of juggling cash

Business is no different than a game of Monopoly

There isn’t anyone teaching people how business works, when that’s really what they need. 

How the great game of business works

The importance of building the confidence of your employees

You can’t have values without performance

The importance of teaching people debt

With information comes responsibility

The power of delegation

Retention will be the key to succeeding in the future

Why it is important to talk to other entrepreneurs

The importance of vulnerability in a company

Takeaways:

Why not play the right game? Are you struggling with the same things that other entrepreneurs are struggling with? Why not get everyone on board? Why is transparency so important?

Links and Resources:

Jack Stack and “The Great Game of Business”: https://www.greatgame.com/jack-stack

Twitter: https://twitter.com/Gr8GameBusiness

Instagram:

If you need to change the game of your business, increase its value, and create a culture where everyone is moving in the same direction, take a listen to this episode. Today, I talked with Jack Stack (author of “The Great Game of Business”).

Jack did hard time. And by that he means, he dealt with hard decisions back in 1983 when he and 12 other managers were desperately trying to save the jobs of 112 people at International Harvester. Together, they were able to scrape together $100,000 and used it as a launch pad, in order to transform International Harvester into SRC Holdings Corporation, which is a thriving company with 100x the employees that International Harvester once had. With 1,600 engaged employees working to operate 14 business units across the country, they’re now managing over $600 million in sales. Listen to Jack’s story about how he helped save the jobs of hundreds of people, and created one of the most successful companies in remanufacturing.

What you will learn:

The story of SRC Holdings and its origin story

How transparency can build a strong business

What happens when you teach people the fundamentals of business

How to convert a tremendous amount of debt into equity

The importance of teaching employees instead of juggling cash

Business is no different than a game of Monopoly

There isn’t anyone teaching people how business works, when that’s really what they need. 

How the great game of business works

The importance of building the confidence of your employees

You can’t have values without performance

The importance of teaching people debt

With information comes responsibility

The power of delegation

Retention will be the key to succeeding in the future

Why it is important to talk to other entrepreneurs

The importance of vulnerability in a company

Takeaways:

Why not play the right game? Are you struggling with the same things that other entrepreneurs are struggling with? Why not get everyone on board? Why is transparency so important?

Links and Resources:

Jack Stack and “The Great Game of Business”: https://www.greatgame.com/jack-stack

Twitter: https://twitter.com/Gr8GameBusiness

Instagram:

If you need to change the game of your business, increase its value, and create a culture where everyone is moving in the same direction, take a listen to this episode. Today, I talked with Jack Stack (author of “The Great Game of Business”).

Jack did hard time. And by that he means, he dealt with hard decisions back in 1983 when he and 12 other managers were desperately trying to save the jobs of 112 people at International Harvester. Together, they were able to scrape together $100,000 and used it as a launch pad, in order to transform International Harvester into SRC Holdings Corporation, which is a thriving company with 100x the employees that International Harvester once had. With 1,600 engaged employees working to operate 14 business units across the country, they’re now managing over $600 million in sales. Listen to Jack’s story about how he helped save the jobs of hundreds of people, and created one of the most successful companies in remanufacturing.

What you will learn:

The story of SRC Holdings and its origin story

How transparency can build a strong business

What happens when you teach people the fundamentals of business

How to convert a tremendous amount of debt into equity

The importance of teaching employees instead of juggling cash

Business is no different than a game of Monopoly

There isn’t anyone teaching people how business works, when that’s really what they need. 

How the great game of business works

The importance of building the confidence of your employees

You can’t have values without performance

The importance of teaching people debt

With information comes responsibility

The power of delegation

Retention will be the key to succeeding in the future

Why it is important to talk to other entrepreneurs

The importance of vulnerability in a company

Takeaways:

Why not play the right game? Are you struggling with the same things that other entrepreneurs are struggling with? Why not get everyone on board? Why is transparency so important?

Links and Resources:

Jack Stack and “The Great Game of Business”: https://www.greatgame.com/jack-stack

Twitter: https://twitter.com/Gr8GameBusiness

Instagram: