ReEnergize Podcast

70 percent of companies that go bankrupt are profitable when they close their doors.  One may ask, how is this even possible?  In this episode Steve explains how a company can fail by blindly monitoring profit while neglecting the cash movement of the business.  He also shares ten reasons why the statement of cash flow is the most critical financial report to monitor due to the story that is hidden in these numbers. 

In ancient times, the people of a city would construct a watch tower and put a sentinel or guard in it to observe the surrounding areas.  Similarly, the CEO should serve as a sentinel in the metaphoric watch tower of his or her company—keeping a pulse on the customers, employees, and overall operations of the business, but more importantly observing the landscape beyond the business.  In this episode, learn how clarifying the role of the CEO can lead to more intense focus on the future.  

Too often leaders use the terms “strategy” and “strategic planning” interchangeably.  They will say we need have our strategic planning retreat so we can clarify our strategy.  However, this type of thinking is backwards and dangerous.  In this episode Steve talks about the distinct difference between strategy and planning, and how leveraging key principles can have huge benefits on your life and business.  Strategy is not planning, instead it’s about making integrated choices that collectively lead to advantages that create distinct value compared to the competition.  In other words, strategy outlines the best choices while a plan outlines the best steps.

Life is a hustle and we must always be pushing ourselves to stretch and grow so we can realize opportunities and overcome discouragement.  In this episode Steve shares his story about depression when getting rejected from a career opportunity in public accounting.  However, he fought back and worked hard in five key areas to build a powerful velocity of opportunities that resulted in a big win.  

Why is it sometimes so difficult for us to follow our purpose, even when we know it’s right?
 
The answer is often rooted in fear, discouragement, anxiety, an unwillingness to leave comfortable conditions, a lack of confidence, and other tools the adversary uses to keep us down and complacent.  Apathy and inertia can destroy us.  They can prevent us from living the life we want and reaching our full potential.  In this episode Steve provides a life update and how he is returning to his life as an entrepreneur to build out the business strategy platform he started over a decade ago, Coltivar.