Ep. 132 - Business Growth Mindset
Business strategy is good but your mindset is the most important place to start. It doesn’t matter how good or how sound the strategy is, if you’re not comfortable with the change you’re not likely to execute well. Why? Because change is not comfortable no matter how big or small it is.
But whenever you’re trying to improve your situation, it is going to force you to change. And that’s where the mindset comes in. It’s really getting you comfortable to make the change. You would think if a business owner was losing six figures or more a year, they would be open to change, right? That’s not so. One of my first consulting clients was in that exact scenario but would not change. In fact, their famous saying everytime I brought up a potential solution was, “It’s not going to work. This is how we’ve been doing it for 40 years.”
From the outside looking in, it would be obvious that what was working for 40 years isn’t anymore. Change was necessary but the owner was more comfortable in his misery than going down the path of the unknown.
So if you’re looking to improve your business situation or take it to the next level of growth, listen to this episode. Get your mindset in position to grow your business.
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Key Takeaways:
More volume does not necessarily equate to more profit
More volume guarantees being busier, does not guarantee increased profit and growth
Growth means just busy
Why a MARGIN mindset will help you create more profit and gain back time
The greater the difference between sales and expenses, more money in the bank
The more productive you are with the time and effort invested, the greater the output
