Owning a service business can be tough, and running a service business day-in and day-out can be even tougher. Here are 6 tips to help you successfully scale your service business.
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You’ve heard all the talk about the need to systematize things in your business, but how do you get your team to buy in? Here’s how you make systems part of your company culture.
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Here are the 5 biggest management mistakes and how you can avoid making them. We’ve all seen it, the business leader who hovers over his or her direct reports smothering them with a real time barrage of corrections and “suggestions.” The result is a frustrated and impotent team who grow to become dependent on that […]
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8 concrete suggestions to control what for most companies is their largest expense – their staff costs.
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Here are the core stats on the real challenge facing business owners today – how to get growth without sacrificing your life to do it.
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The holy grail of any business is to tap into the deep abilities and intrinsic drive of your team to help your company successfully scale. Here is a simple 3-part formula to do just this.
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Here’s a simple distinction to help you make smarter spending decisions to better scale your company.
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Use this checklist of job functions in your company as a wakeup call to help you scale.
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How one business owner got his hand caught in the cookie jar while on a vacation in Paris with his wife…
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Struggling to get out of the owner-reliance trap? Follow this concrete map to successfully scale your company.
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Avoid the expensive mistake that leaves your key team members vulnerable to jumping ship with this simple lesson that you’ll have to learn – one way or the other…
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David and Jim talk about David’s book Scale. We get a glimpse into the book as David shares nuggets of information to help people position their company to be more valuable and more marketable.
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If you’re spread too thin and pulled in too many directions, here are 3 simple steps you can take today to get back in control of your business day.
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If you have an online business, here are the 4 keys to sustainably scaling your company from Priceline.com co-founder Jeff Hoffman.
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Which of these three common excuses are holding you back and trapping your company in the owner-reliance trap?
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What are your distinctions around time? Here is a breakthrough new tool to help you see time and your use of time in a wholly new way. We call it the Time Value Matrix…
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If you’ve ever wanted a concrete map to guide your efforts scaling your company, here is a simple model to direct your focus and help you sequentially overcome the predictable obstacles to scaling your business.
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Service businesses are one of the highest percentage category businesses to get stuck in the “Self Employment Trap”. Learn the 5 top leverage points to break out of this trap and get your life back.
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Company culture helps your team successfully handle novel situations. Here are 6 tips to more effectively build your company’s culture.
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Which of these 5 expensive mistakes is hurting your company’s growth? Read through this concise list and evaluate your company’s hiring practices.
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Effective leaders know how to leverage their teams to generate winning ideas and plans of action. Here is a simple 8-step process to harness your team to and brainstorm better solutions.
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Learn 3 key lessons you can apply to successfully scale your company.
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The bottom line items you need to check off before you finalize any partnership. Are you skipping any by mistake?
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Thinking of bringing in a new partner or formalizing a long term joint venture, here are 30 questions you must ask up front – or else…
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10 Tips to Leverage Business Coaching to Grow the Right Way
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They rob you of your time and kill your productivity. What’s more they weaken your company. Which of these six addictions do you struggle with?
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Does your team telecommute? Here are my top 5 tips to best manage your remote staff.
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If you use bank financing to operate your business, here are 8 valuable tips to better manage those relationships.
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If your business needs more systematic ways to increase sales, here are five powerful options to choose from.
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Leverage your competitors to help you grow sales and become more profitable. Here are 5 strategies to help you use your competitors to scale.
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Building a professional practice requires you to sidestep these 5 common obstacles. Here’s how…
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Struggling with cash flow issues? Here are the 6 fastest tactics to get immediate relief.
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A Business Coach is an experienced entrepreneur who’s been where you want to go and experienced what you want to experience who can give you the outside perspective and counsel to build a more successful business—without having to go through all the painful trial and error yourself! In a real way, Business Coaching is similar to sports coaching in […]
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Every story needs a great ending and every business needs a great finish too. We call this “finish” your exit strategy.
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Formalized referral systems are not passive word of mouth. They are systematized, proactive tactics to help you leverage your existing thrilled customers to generate more business. Here’s 6 ways to do just this…
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I was teaching a workshop for our business coaching clients when one of them asked, “When I’m ready to sell, what can I do to get top dollar for my company?” While that’s a solid question, an even smarter version asks, “What can I do today to prepare to sell my business two to three […]
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Here are 10 concrete tips to leverage your personal assistant to help you get your life back as you scale your company.
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Using independent contractors can save you money and help you scale. Here are 10 concrete tips to do it the right way.
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Struggling getting started? Here are 11 ways to blow through procrastination and get into productive action.
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Struggling to redesign your systems so that you do things better, cheaper, faster? Here are 10 questions to help you out.
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If you’re pulled in too many directions you’ll enjoy these 10 productivity hacks to help take back control of your day.
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Here are 12 tasks to get back in control of your inbox and your day every businessperson needs to know about.
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Here are 5 formalized referral systems to help you grow with very little cost or effort.
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A simple 3-step formula to improve your sales process and close more sales.
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Have you ever been frustrated that your staff has ignored the step-by-step systems you created to lead them through a defined process? Well maybe the problem isn’t with your staff, but instead it lies with how you packaged the process you created. Every successful business system has two layers: the process layer and the format […]
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Klayton owned a successful retail and service contracting company in Atlanta, Georgia. When I first met him he was in his early thirties and had a steadily growing business. But, he had reached a point in the business that he was bogging down managing the day-to-day of running the company and as a result, his […]
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Here are 10 simple tips to guide your strategic planning for the coming year.
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The 2015 four-part Maui Mastermind Master Series “Powerful Tools for Serious Business Owners” begins Jan. 9th to 11th at San Diego’s Paradise Point Resort & Spa. “Scale Your Business: Breakthrough Ideas to Create and Sustain Growth” is the theme of small business coaching workshop, led by Maui Mastermind founder and CEO David Finkel. He is a Wall […]
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With the start of the fourth annual National Veterans Small Business Engagement conference at the Georgia World Congress Center in Atlanta this week, it is good to know small businesses owned by veterans are endorsing the coaching they have received from Maui Mastermind. “The Maui Mastermind approach to scaling businesses has laid out a clear […]
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Cash flow is king, but options are queen. That was the theme of a Dec. 2 teleseminar by Maui Mastermind Chief Catalyst and COO Patty DeDominic, with an assist from business coach Mike McCormick. The cash flow teleseminar was in advance of the next Maui Mastermind conference Jan. 9 in San Diego. Patty emphasized businesses […]
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David Finkel was recently invited by INC.com and Huffington Post to blog on their business website twice a week. Here is a monthly roundup of the articles that David has posted on INC.com and Huffington Post. Below are excerpts from the articles that have been posted and to read the entire blog post, simply click […]
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Today I wanted to share with you a simple question to spark you to increase the value of what you offer your customers or clients. This question is: How can you increase the received value of your core product or service without increasing your costs? You’ll notice a new term here, “received value”. In a […]
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A short while ago I got an email from Nate Bylick, a 2-time Maui Mastermind Wealth Summit graduate. 12 years ago when I first began working with Nate and his wife Maggie, they had a small real estate business, buying single-family houses in North Carolina. At the time Nate shared with me how he had […]
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Hope your week got off to a great start. I have had several great conversations with clients about their exit strategies for their businesses. One client has a CPA firm they want to sell, another has an investment company he wants to sell, and the third has a wholesale business he wants to sell in […]
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A business coaching client shared the other day how she felt her team wasn’t meeting her standards with respect to accountability. I gave her some specific advice on this during a small group training on how to up the accountability bar inside her company and I want to share those ideas with you. Remember, it’s […]
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The Trap It happens… a lot more than most of us would like to think. We’re working so hard to grow our business that we don’t realize the way we’re doing it will trap us. The business can’t operate without us. If we don’t show up – the business suffers. If for some reason we […]
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Today I want to talk about how you can stop wasting thousands of dollars every year on poorly run meetings! Think about how much time and money your company spends on meetings. Yet so few executives know what it takes to make meetings crisp and productive. Here are 8 tips to make your meetings more […]
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What Is Company Culture? We had a great one day workshop on Saturday to celebrate the launch of our new book SCALE: 7 Proven Principles to Grow Your Business and Get Your Life Back. This weekend we’re hosting our advanced workshop: The Leadership and Management Short Course for our Business Coaching Clients. That’s why today […]
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Each year a select group of entrepreneurs, investors, and committed wealth builders meet in Maui for a transformational weeklong wealth mastermind. I’m greatly anticipating and looking forward to being there in Maui with my peers this November again. I’ve been asked many times, “Patty, you’ve reached a place in your life where you’re financially free. […]
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Thomas Stanley and William Danko in their bestselling book, The Millionaire Next Door, shared their research that business owners make up less than 20 percent of the workforce in the United States but account for 2/3’s of its millionaires. Combine the above insight with the following facts: According to CNNMoney there are 8.2 million households […]
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