Build a Business, Not a Job

Category: Small Business Help Topics

A Lesson From the 1 Book Warren Buffett Recommends to Everyone

A Lesson From the 1 Book Warren Buffett Recommends to Everyone

If you’ve been reading my column here on Inc.com you’ll see several hundred articles I’ve written on topics like increasing sales, retaining your best employees, managing cash flow, and growing your profit margins.  Many of these ideas started from a seed I read in one of the 1,000+ business books I’ve read over the past […]

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How Successful Business Owners Look at Financial Decisions

How Successful Business Owners Look at Financial Decisions

I recently sat down with Tara, a business owner, who was having trouble with the marketing pillar of her business. She had made it a goal to get new clients and her marketing department head had a ton of ideas on ways that they could market the product line and get the word out, but […]

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4 Tips to Landing The Sale Every Single Time

4 Tips to Landing The Sale Every Single Time

Want to close more sales? Of course you do! Every day I talk to business owners in various stages of growth and help them find new ways to reach their target audience and close more sales. No matter what the product or service, 95% of the time the sales process is going to be very […]

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According to Science, You Should Schedule Your Focus Time Between These Hours

According to Science, You Should Schedule Your Focus Time Between These Hours

I have talked about the concept of Focus Fridays before on my column. On how setting aside blocks of time each week to do your best work allows you to clear items off your plate faster and create real value in your business. And thousands of business owners agree that creating focus blocks is a […]

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What This Comedian Turned NYT Best-selling Author Taught Me About Business

What This Comedian Turned NYT Best-selling Author Taught Me About Business

When it comes to business, entrepreneurs that challenge the status quo are the ones that break out from the pack. Having the ability to see the marketplace in a new and novel way will change the game. In the past, I have talked a lot about how mindset and thought exercises can help you look […]

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28 Things You Should Not Be Doing As a Business Owner and 4 Things You Should

28 Things You Should Not Be Doing As a Business Owner and 4 Things You Should

I was recently talking to a new business coaching client about their plans to scale their business. After a few minutes of going over our plan of attack he posed the question to me: “How fast do you think I can grow my business?“ My answer: “It all depends on how you handle these thirty-two […]

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9 Things You Can Do Right Now to Cut Costs at Your Business

9 Things You Can Do Right Now to Cut Costs at Your Business

Business costs is something that no business, even the most successful ones, can overlook. However, there are ways a business owner can cut back on these costs and save money in the long run. I recently shared with you 17 Things You Can Do To Reduce Your Overhead Costs within your business, and the tips […]

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6 Ways to Make Sure Your Company Never Runs Out of Cash Again

6 Ways to Make Sure Your Company Never Runs Out of Cash Again

Over the years, I have shared with you many tips and tricks to improving your profitability. Things like raising pricing, focusing on your winning products and services and redesigning workflow and systems, all play a huge part in your bottom line. Today I want to address some ways that you can look at your cash […]

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The Top 5 Mistakes Every Business Owner Makes When Hiring a Salesperson

The Top 5 Mistakes Every Business Owner Makes When Hiring a Salesperson

Hiring a solid sales team can be a challenge for any business owner, especially one who doesn’t feel particularly confident with sales themselves. Over the past 25 years, I have spoken with thousands of business owners who struggle with hiring and keeping a sales pillar running smoothly. So I wanted to share my top five […]

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The 1 Financial Indicator You Aren’t Looking At

Do you ever wish that there was a magic number that would give you an insider view on your profitability? Do you wish that there was an easier way to take the pulse of your business’s financial health? Do you wish that there was one financial metric that you could use to help determine if […]

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17 Things You Can Do To Reduce Your Overhead Costs Today

“I would love to scale my business, David. But I am really struggling with cash flow issues right now.” I hear this every single day from small to medium business owners. They have a great product and a loyal customer base, yet they still can’t seem to make ends meet and cash flow is always […]

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A Case For Playing Devil’s Advocate

I recently shared the idea of the business coaching concept of the six hats from the Late Dr. de Bono with our readership and I wanted to go into more detail about the third hat in the series: The Black Hat. This hat is often one that doesn’t go over very well in meetings. It’s […]

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4 Strategic Ways to Tap Into Your Competitors’ Client Lists

For many small business owners the idea of working with the competition can make their blood boil. It seems counterintuitive. But after twenty five years of business coaching, I can tell you that some of best boosts in profit and revenue come from thinking outside of the box. So today I wanted to share six […]

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5 Things You Should Do Right Before a Big Negotiation

Want to make more money? Negotiate. Want to get a better price with a vendor? Negotiate.  Want to hire that rock star new hire? Yup, you guessed it….negotiate. Negotiating is a tactic that is used in many different situations at work with an intended purpose of coming to an agreement. It is something that is […]

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Think You Understand Your Financial Statements? Ask Yourself These 4 Questions

Do you know how to read a profit and loss statement? Do you know what your gross profit margin is and what it means for your bottom line? How about your Cost of Goods Sold? If you are like many business owners, you have a basic understanding of your financial statements but leave the heavy […]

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Effective Communication – What Does It Really Mean And How Can You Improve Yours

Almost every job description for a manager includes some variation of “must be an effective communicator” as part of the requirements. Problem with this is that if you poll (as I often do in my workshops) what people define as “Effective Communication” you will get a lot of different definitions. And that’s where the problem […]

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The Real Reason Customers Won’t Buy From You (and How to Convince Them)

Last week, I took my son to the orthodontist. While he has had countless cleanings over the years, he was experiencing quite a bit of anxiety over the unknown of a trip to the orthodontist. Would he need braces? Would they want to put them on right away? How long would he have to wear […]

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Six Reasons To Take Tomorrow Off

Another day at the office is about to come to an end. You may have answered hundreds of emails, put out a few “fires” and hopefully made some progress on your quarterly action plan. Tomorrow, you plan to do much of the same. But I challenge you to take the day off. Throw caution to […]

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Poorly Run Meetings Can Cost You Thousands of Dollars Each Year. Here’s How to Fix Them

How many meetings have you attended this week? This month? If you are like most business owners, the answer is too many. In my own business coaching firm, I sat down and crunched the numbers on our bimonthly executive meeting, and the results were eye-opening. Every two weeks my executive team and I meet via conference […]

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How to find a business mentor

These days, it seems like everyone is talking about how to find a business mentor. There are websites, blogs, podcasts, radio and television programs popping up all around the globe talking about business mentoring programs and entrepreneurship mentoring, telling us why every entrepreneur needs a business mentor and how to find one in “6 easy […]

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3 Things You Must Do Before You Start Your Next Project

As a business owner, you make decisions each and every day. You have to decide if it’s worth it to get that new equipment that will speed up your production time, you need to decide which candidate to choose for the new sales lead position, or come up with the best way to handle a […]

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The Problem with Perfection

Over the past 25 years, I have met with thousands of business owners struggling to take their businesses to the next level. They are often overworked, anxious and stuck. They have great ideas and products, and the means to bring them to their client base, yet they suffer from a debilitating condition that really hinders […]

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Retirement as We Know It Is Dead. Here’s What Business Owners Are Doing Instead

In the past, owning a business was the epitome of the American dream. You worked for yourself, you made your own hours, you had control over your wealth, and eventually you got to sell the business (or pass it down to your offspring) and buy a little beach house in Boca Raton. The perfect way […]

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Want to Stand Out in Your Industry? Start By Becoming an Expert–Here’s How

When it comes to marketing strategies for your small to medium-sized business, there are many ways to play the game. You can do paid advertisements, email marketing, influencer marketing or emotional marketing….just to name a few. But when it comes down to results, nothing beats expertise marketing. What is Expertise Marketing? The concept of expertise […]

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8 Human Resources Problems You Should Be Paying Attention To

Looking to scale your business? Begin by setting up a solid foundation on which to build. But be careful on how you set up that foundation. The best businesses consist of not one….not two…but five core pillars for strategic depth. So in order to scale your business you need a rock-solid base in all the […]

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Why Your Cash Flow Problems Have Nothing to Do With Your Sales (and How to Fix It Quick)

Every business owner has experienced cash flow problems at one time or another, and the gut reaction for most entrepreneurs is to immediately ramp up their sales efforts in an attempt to turn the tap back on and get cash flowing again. This instinct however is counter productive. In fact, in most cases ramping up […]

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Forget the Cookie Basket. Here’s What Entrepreneurs Really Want for Christmas

As a business coach for over 25 years, I have noticed that our client base grows exponentially during the holiday season- and for good reason. More and more business owners seek out the help of business coaches during the winter months as they reflect and recap on the past years successes and failures. It is […]

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Email Is Addictive. Here Are 9 Tips to Break the Habit.

When it comes to productivity, there is nothing more destructive than an email inbox. If handled improperly you can waste an entire day putting out small fires and responding to emails that create little to no value for your business. Which is why I wanted to share my nine tips for regaining your time and […]

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The Real Reason Entrepreneurs Struggle With Time Management

Do you feel like there aren’t enough hours in the day? Are you working 70+ hours a week and feel like you are just treading water? You aren’t alone. After working with thousands of business owners over the past 25 years, time and time again we see a lack of time as a huge concern […]

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Looking To Start Up? Be Sure Of These Three Things First

The idea of starting a new company is a provocative one. Whether this is your first business venture or you are a serial entrepreneur, the startup phase is exciting and full of promises and possibilities. But starting up is also riddled with uncertainty and doubt, which leads many entrepreneurs to wonder if their idea has […]

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3 Practical Tips to Land Your Dream Client

As a business coach for over 25 years, I have worked with thousands of businesses teaching them how to scale and create owner-independent companies. While there are many components to a successful business like good business systems and a positive company culture, having a good solid customer base ranks at the top of the list. […]

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The Most Common Lies Entrepreneurs Tell Themselves (and How to Avoid Them)

Over the past 25 years of business coaching, I have heard every excuse in the book on why a business might be stuck in a growth slump. Here are the top 6 excuses that I hear every single day from small to medium sized business owners.  1. “I can’t afford it….” As in, “I can’t […]

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The Freedom Formula: Available Now!

How To Succeed In Business Without Sacrificing Your Family, Health or Life BUILDING A SUCCESSFUL COMPANY AND CAREER DOESN’T MEAN SACRIFICING YOUR FAMILY, HEALTH, OR LIFE. You check email the moment you lift your head off the pillow in the morning. You bring work with you on vacation, sneak glances at your smart phone during […]

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Can’t Stop Micromanaging? Here Are 6 Things to Do to Ease Your Worries

Being a great boss, takes a lot of time and effort. You want to coach your staff for development, help them recognize their successes and give them the tools and guidance to reach their company goals. But what happens when the best intentions turn out to be micromanaging? You may set out to help mentor […]

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This One Tip Will Help You Regain Your Valuable Time

When left to our own devices, time management is sort of like a buffet. You have dozens of different options in front of you. Should you spend the next hour working on payroll? Finding a new assistant? Working on that new marketing project? Scrolling through Facebook? Shopping for new shoes on Amazon? The options are […]

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Forget Spa Days and Massages. Here Are 3 Self-Care Tips That Really Work

I recently wrote an article on anxiety amongst entrepreneurs and it really struck a nerve with business leaders. So many of you are struggling with anxious feelings surrounding the fate of your companies, and at times it can seem overwhelming no matter how hard you try. Well meaning friends and colleagues may offer up advice […]

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Why The 40 Hour Work Week Is A Complete And Utter Lie (Part 2)

In a recent article I addressed 3 reasons why you work more than you think you do. So today, I wanted to give you two more reasons why you haven’t been able to cut your hours. “All I do is work. Even when I’m with my family I’m still responding to emails and texts for […]

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Don’t Let This Huge Misconception About Time Management Sap Your Productivity (Part 1)

I have heard it more times than I can count… “I’m overwhelmed and don’t know where to start.  So much of my day is spent putting out fires and reacting to customer demands.  The only way I can get my key projects done is to come into the office earlier and stay later, and work […]

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4 Simple Things You Can Do to Lead With Integrity

Being a business owner in today’s fast-paced digital world means that you are always in the public eye. While you might not have stockholders like Elon Musk or Amazon, your employees, vendors, and customers are paying close attention to what you do, and don’t do, when it comes to your habits and choices. So, when […]

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Anxiety Is Common Among Entrepreneurs. Here Are 4 Tips to Help Soothe Your Nerves

In today’s economy, you would be hard pressed to find a business owner who doesn’t experience some level of anxiety surrounding the fate of their business. But for many entrepreneurs, anxiety can be a real hurdle that makes growth and progress difficult. Take for example Joaquin (name changed to respect his privacy), a business owner […]

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Why A Bowl Of Macaroni Can Help Make You Millions

Think that you have what it takes to be a good leader? Try teaching a 10 year old how to make macaroni and cheese from scratch. This one activity will give you insight into your own leadership skills (and weaknesses) and help you build a stronger, more profitable business. No One Is Born A Chef My son was eager […]

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Stop Leaving Money on the Table–These 6 Negotiation Tips Can Help You Win Every Time

If you know your way around a negotiation table, there is no stopping you. You can negotiate for better prices with your vendors, new hire and existing salaries, contracts with sales prospects and long-term clients and lower overhead costs in general, leading to higher profit margins and more capital to scale your business. Natural Born […]

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Being Able to Take a Vacation Isn’t a Luxury. For Business Owners, It’s a Necessity

How long it takes you to respond to an email has a direct correlation with the health of your business. Keep reading to find out how you measure up. In my business coaching company Maui Mastermind, we send out millions of emails each year to our current and prospective clients. Understandably, there is always a […]

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5 More Ways to Increase Your Profits and Make More Money

Tired of working longer hours with no increase in revenue? Try these 5 simple things that you can do today to increase your bottom line. I recently shared with you my top 5 Ways to Increase Your Profits, and the response was very positive. So much in fact, that I would like to share you […]

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Want to Close the Sale? Do This 1 Thing

Every sales person thinks the sale is made in the final move of their sales visit, but their wrong.  Top sales pros all know that it’s the way you frame your sales appointment up front that makes or breaks your ability to close. I first learned this from one of my early sales mentors who […]

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The 5 Most Important Negotiation Skills

Intimidated by negotiations? Focus on these five simple negotiation skills first and get much better. Think of all the times in your business week you negotiate: with new hires and existing employees; with sales prospects and long-term clients; with vendors and suppliers. If you’re a business owner or leader, you need to know how to […]

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4 Types of Personal Assistants (2 of Which You Need To Avoid)

Tired of doing your assistant’s job for them? You should take a moment to think about the four kinds of personal assistants and which one is right for you. (Hint: You need to avoid two of them!) Are you hiring personal assistants who save you time or who cost you time? Recently, I invited thirty-five […]

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Why You Should Get Your Direct Reports to Do the Heavy Lifting and Manage Themselves (and 3 Tips to Make that Happen)

Here are three simple yet incredibly effective secrets to flip the table on your direct reports and get them to manage themselves! The whole point of hiring staff is that they’re supposed to be free up your time. But what happens when you end up spending the same amount of time or more managing the […]

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The 5 Most Important Negotiation Skills You Must Master

Intimidated by negotiations? Focus on these five simple negotiation skills first and get much better. Think of all the times in your business week you negotiate:  with new hires and existing employees; with sales prospects and long-term clients; with vendors and suppliers. If you’re a business owner or leader, you need to know how to negotiate. […]

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A Little-Known Hack to Learn a New Skill in a Fraction of the Time

It’s called ‘deliberate practice’ and it’s a proven way for your staff to master a new skill in a fraction of the time In this article, I’m going to share one of the most effective tactics for coaching your key team members. I call it “deliberate practice.” It’s one of the most powerful strategies that […]

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New Study Shows You’re Wasting 21.8 hours a Week

Which of these time thieves is stealing 21.8 hours a week of your working day? In early 2017, my business coaching firm launched a comprehensive study on time management. We interviewed and surveyed small business owners and their key executives in order to learn how they spend their time and, particularly, where their time gets […]

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Use This Little-Known Delegation Trick to Get Stuff Done the Right Way

I’ve been coaching business owners for more than twenty years, helping business owners grow their companies and at the same time, reducing their companies’ reliance on them. When it comes to scaling their businesses, one of the biggest challenges that I see business leaders struggle with is delegation techniques. When you’re delegating, it’s often hard […]

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5 Ways to Revitalize Your Mastermind Group

Mastermind groups can help you grow both your business and yourself. But when a group settles into a routine, it can sometimes lose its effectiveness. That’s why I want to share five ways that you can breathe new life into your mastermind group. Napoleon Hill introduced the idea of the mastermind group back in 1937 […]

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4 Ways to Use Exit Messaging To Increase Your Conversion Rate by 10-25% without Spending Any More Money

Think about how much money you spend on marketing. Then think about your current conversion rate. Maybe you’re converting 3 percent of leads? Or 12 percent? Now imagine that you could use a simple technique increase your conversion rate by 10 to 25 percent. Wouldn’t you want to do that? Of course you would. The […]

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3 Ridiculously Easy Negotiation Questions to Stop Overpaying Your Vendors and Suppliers

You already spend thousands with suppliers and vendors every month. Why not learn how to get the best pricing with these negotiation secrets?These three ridiculously easy questions will save you 5 to 15 percent or more on every purchase or contract.

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Business Coaching Program Tip: Use the Strategies of Top Online Retailers Like Amazon to Boost Your Sales Conversion Rate

As we enter into the final half of the year, headlines are going to popping up about how online giants like Amazon.com and others expect to increase online sales by billions of dollars. Here are five powerful tips we share with our business coaching clients to increase website conversion that they consistently use that allow them to maximize their sales conversion rates. Follow these best practices and see your sales quickly increase.

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Professional Service Coaching Clients — A Powerful Strategy to Increase Your Profit Margin by 15% or More

Most of our professional service coaching clients come to us with an operating profit margins of 25-40 percent. This means that out of every dollar of revenue, 25-40 cents drops to their bottom line as pre-tax profits. I want to share with you a simple strategy that one law firm I work with used to […]

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3 Things Silicon Valley Can Learn from Smaller Companies

With Uber and Google’s workplace diversity issues sparking headlines across the country this year, I wanted to share three things that will make a difference. To be clear, none of these things are quick fixes. All three of these ideas are designed to help create a company culture that is diverse and empowered. This can […]

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9 Email Marketing Tips to Increase Your Sales

The response was so strong from the article I posted last week of 15 email marketing insider tips that I wanted to share nine more with you in this article. Considering that my company Maui Mastermind sends out millions of targeted emails every month to our subscriber elist for our business coaching services, we’ve learned […]

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15 Email Marketing Tips to Increase Your Sales

Make your emails valuable. This can be a key insight, a touching story, a special offer, or anything else that is relevant to your business and your audience. What do you talk with your prospects and customers about when you’re with them in person? What do they care about? How do you touch their lives? This is the core of your email messaging.

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