On this episode of the Process Breakdown Podcast, the guest speaker David Finkel, an ex-Olympic–level athlete turned multi-million dollar coaching guru, speaks on the mistakes to avoid and gems to use when scaling up, and also on how to effectively streamline your business processes using the Pareto (80/20) principle. He shares how he has used it to provide high value for his company and the companies he works with. 

He also explains how a business can scale up, the mistakes to avoid, and how to implement functioning systems in place by using his proven concept called ultimate business systems (UBS), a concept that saved a financial service company from losing their quarter-million and half a million-dollar clients. 

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Key Resource List:

* The Freedom Formula: How to Succeed in Business Without Sacrificing Your Family, Health, or Life* The Freedom Toolkit 

Show Notes: 

0:10 – Intro.

0:41 – Introducing guest speaker, the CEO of one of the world’s premier business coaching companies, Maui Mastermind and also a Wall Street Journal best-selling author of 11 books.

1:30 – John Corcoran shares the best solution for documenting standard operating procedures (SOPs), making it easy and efficient.

4:10 – The guest speaks on the important business lessons he learned from sports as an ex-Olympic–level athlete.

6:20 – The biggest mistakes companies/businesses make when they are struggling to scale up.

8:30 – The guest speaker talks concisely on how businesses can pick the ideas/tasks to focus on and the ones to streamline by using the Pareto principle, popularly known as the 80/20 principle.

12:55 – An example of how a company can focus on low-value tasks thinking it will generate more revenue; which is false.

13:45 – Where companies fail when trying to implement systems and how to increase productivity by using their tested and proven concept, ultimate business system. 

15:52 – An example of how the guest implemented his systems concept with a real-time company.

17:20 – Lastly, the guest shares how he effectively leverages design and uses systems, procedures, and processes to operationalize his workflow.

23:23 – Outro.

Guest profile:

David Finkel is the CEO and founder of one of the world’s premier business coaching companies, Maui Mastermind, a company that has helped businesses in the $1 million to $50 mill...