In this episode of The Business Coach Podcast, host David Finkel and coaching director Rich Wood dive into strategies for proactively investing in your team to achieve scalable business growth. They discuss the importance of identifying key employees (grow players) versus role players, effective training methods, and how to measure the return on these investments. Rich shares insights from his 30-year business career and 20 years of coaching experience, emphasizing the value of being a lifelong learner and the impact of time and dollar costs on growth. The episode concludes with practical advice on budgeting and planning for employee development to maximize productivity and profitability.

00:00 Introduction to Investing in Key People
00:53 Welcome and Episode Overview
01:21 Meet Rich Wood: Business Coaching Expert
01:45 Identifying and Developing Key Talent
02:22 Strategies for Investing in Your Team
06:27 Real-Life Case Studies and Examples
09:31 The Importance of Delegation and Perspective
22:15 Proactive vs. Reactive Training
32:41 Conclusion and Final Thoughts
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this episode of the Business Coach Podcast, host David Finkel invites esteemed entrepreneur and CPA, Kevin Bassett, to share invaluable CFO strategies for enhancing business profitability. They discuss the critical role of managing by margin, the importance of using job costing methods, optimizing pricing, and understanding balance sheets. Learn how to implement efficiency KPIs, utilize capital effectively, and navigate access to capital markets. This episode is a treasure trove of actionable insights for business owners looking to make high-impact improvements quickly. Tune in and discover how to make your company more vibrant, durable, and profitable with CFO-level thinking.
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00:00 Introduction: Time Kills Profit
00:44 Welcome to The Business Coach Podcast
01:24 Meet Kevin Bassett: Entrepreneur and CPA
02:01 The Role of a Virtual CFO
02:29 CFO Secrets to Boost Profitability
03:03 Personal Insights: Parenting and Business
04:35 Understanding CFO Perspectives
05:54 Maximizing Earnings and Lowering Taxes
06:39 Improving Gross Profit Margins
08:43 The Importance of Job Costing
12:54 Pricing Strategies for Increased Profit
15:01 Key Performance Indicators (KPIs)
19:14 Strategic Financial Planning
24:12 Access to Capital Markets
26:26 Quick Wins for Financial Improvement
30:10 Final Takeaways and Farewell
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this episode of The Business Coach podcast, David Finkel shares three straightforward steps to help business owners prepare their companies for a top-dollar sale. He emphasizes the importance of determining the value of your business, conducting a buyer's audit to identify strengths and weaknesses, and implementing improvements based on the audit. Real-world examples and insights from industry professionals illustrate how these steps can enhance profitability and increase the appeal of your business to potential buyers. Tune in for actionable strategies to build a more valuable and profitable business.

00:00 Introduction to Selling Your Business
01:16 Three Steps to Prepare Your Business for Sale
02:10 Step 1: Determine Your Business's Value
08:55 Step 2: Conduct a Buyer's Audit
14:48 Step 3: Enhance and Fix Your Business
16:39 Conclusion and Final Thoughts
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this insightful episode of The Business Coach Podcast, host David Finkel dives deep into the world of private equity buyers and their strategic playbook. Learn the essential tactics these buyers use, including high initial offers, the push for fast exclusivity, and how they gather critical information. David shares his expert advice on maintaining a competitive process, avoiding deal fatigue, and ensuring your business remains valuable throughout the sale process. This episode is a must-listen for business owners considering selling their companies and aiming to protect their interests in negotiations.

00:00 Introduction to Private Equity Buyers
00:34 Welcome to The Business Coach Podcast
01:12 The Rise of Private Equity Buyers
02:16 Private Equity Playbook Revealed
03:55 Tactics Used by Private Equity Buyers
05:55 The High Offer Tactic
08:30 The Exclusivity Trap
13:50 Trolling for Information
18:12 Deal Fatigue and Its Impact
20:18 Harnessing Fear in Negotiations
24:38 Conclusion and Key Takeaways

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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this episode of The Business Coach Podcast, host David Finkel engages in a thought-provoking conversation with entrepreneur and co-author Jeff Hoffman. They dive into crucial business topics, including achieving innovation, the concept of 'Info Sponging,' and maintaining relevance in a rapidly changing world. Learn how to ask the right questions to fuel growth, the importance of stepping outside industry norms, and practical techniques to keep your business ahead of the curve. Discover valuable insights into upgrading your business, the significance of futuring, and much more in this enriching discussion.

00:00 Introduction: Missing Out While Sleeping
00:26 Reflecting on Your Legacy
00:42 Welcome to The Business Coach Podcast
01:12 Introducing Jeff Hoffman
02:03 The Dirty Little Secret of Innovation
03:16 Interview with Jeff Hoffman: Innovation in Action
06:34 The Concept of Info Sponging
12:30 Applying Info Sponging to Your Business
18:13 Overcoming Resistance to New Ideas
25:11 The Importance of Futuring in Business
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

Join host David Finkel in an enlightening interview with serial entrepreneur and Maui Mastermind advisor, Joe Brotherton. In this episode, Joe shares his incredible journey from ex-hippie to successful business owner, highlighting the pivotal moments that shaped his career. Delve deep into the concept of risk in business, the value of pilots and test studies, and how to make intelligent business moves. Joe reveals insightful strategies on managing risk, including his valuable advice on dealing with insurance claims and the importance of early adjuster meetings. Additionally, learn how to leverage the 'value of a chance' and the role of experimentation in building a thriving business. Don't miss this episode packed with actionable insights and inspiring stories from a business veteran.

00:00 Introduction and Personal Reflections on Risk
00:33 Welcome to the Business Coach Podcast
01:04 Introducing Joe Brotherton: A Serial Entrepreneur
01:42 Joe's Journey from Hippie to Business Mogul
03:51 The Importance of Risk Management in Business
05:05 Interview with Joe Brotherton Begins
06:19 Joe's Insights on Business Risk and Investment
09:24 Analyzing Risk and Making Informed Decisions
13:14 Real Estate Deals and Risk Perception
15:50 The Value of Options in Business
19:30 Risk and Reward: Calculating the Odds
20:13 The Role of Pilots in Business Experiments
21:16 Learning from Failures and Pilots
22:29 The Value of a Chance in Business
29:20 Insurance as a Risk Management Tool
30:23 Dealing with Major Losses and Insurance Claims
35:34 Selling a Business: Overcoming Fear and Deal Fatigue
40:35 Final Thoughts on Risk and Business Success
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this episode of The Business Coach Podcast, host David Finkel discusses how to scale your sales capacity using 10 proven strategies. From leveraging AI tools and raising prices to hiring more salespeople and outsourcing parts of the sales process, David provides actionable insights to help business owners overcome their sales capacity limitations. The episode also includes real-life examples, such as how technology can be used to automate parts of the sales process and how lead qualification and distribution can enhance efficiency. Whether you're facing issues with lead follow-up or looking to optimize your sales team's performance, this episode offers valuable advice on building a more profitable and efficient sales strategy.

00:00 Introduction to Scaling Sales Capacity
01:03 Identifying Sales Capacity Issues
01:50 Real-Life Sales Capacity Challenges
04:45 10 Strategies to Increase Sales Capacity
05:11 Hiring More Salespeople
07:57 Changing Sales Methods
09:28 Outsourcing Sales
10:03 Training Technicians to Sell
13:30 Charging for Sales Appointments
16:39 Lead Scoring and Distribution
20:49 Shortening the Sales Cycle
21:59 Creating Sales Events
23:17 Raising Prices to Boost Sales
24:06 Conclusion and Final Thoughts

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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind

In this episode of the Business Coach podcast, host David Finkel discusses effective strategies for better time management to enhance productivity and business growth. He describes the concept of 'daily bottom lines' for prioritizing tasks, the one-two-three system for managing communications, and the importance of transitioning from a haystack to a hotline model to streamline urgent information. Finkel also emphasizes the crucial need to create blocks of time away from the business to foster breakthrough ideas and significant growth. Real-life examples from clients and personal experiences enrich the discussion, offering actionable insights for business owners. Tune in for practical tactics to build a more profitable, less stressful, and more enjoyable business.

00:00 Introduction and Podcast Overview
01:33 Time Management Tactics: Daily Bottom Lines
05:54 Streamlining Communication: The 1, 2, 3 System
14:58 Creating Space for Breakthrough Ideas
23:56 Conclusion and Call to Action
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Links
Website: mauimastermind.com/
Facebook: facebook.com/MauiMastermind/
Instagram: instagram.com/mauimastermind/
LinkedIn: linkedin.com/company/maui-mastermind