Nothing Happens in One Day
Exit Mindset
Goals are necessary, but that's half the battle. You must use the right metrics, and utilize two unlikely traits — patience and annoyance — to your advantage.
info_outline
Just Getting Started? How to Apply the Exit Mindset to Your New Business
Exit Mindset
Just because you do not currently own your own business doesn’t mean that the Exit Mindset does not apply to you. The idea of nurturing an Exit Mindset and treating your businesses as if there is a buyer around the next corner is one that can be valuable no matter the circumstances. Whether you are looking to sell, are a satisfied owner or are an aspiring entrepreneur, it’s important to keep your mind open to the possibilities of growth.
info_outline
Don't Confuse Hard Work with Productivity
Exit Mindset
This episode explains how, as a business owner, you should be making sure that your employees aren’t just working hard, but that they’re actually being productive. So that ultimately, they will be more efficient with your company’s time and resources.
info_outline
Pivoting Your Business
Exit Mindset
This episode explains how you can dive deeper into your company TODAY! If you wait for the right time, it will never be the right time. Now is the time to ‘pivot’ when you want your team to start achieving at a higher level of results.
info_outline
What Is Your Niche?
Exit Mindset
This episode explains why the primary issue for a lot of business owners is targeting the correct consumer, and how finding their company’s niche will ultimately help them stand out.
info_outline
Installing a New Perspective
Exit Mindset
This episode explains how you can set your employees up for success and ultimately your business, too. By helping them focus on their core job tasks and installing a new perspective for your company, you will see a change for the better.
info_outline
Harnessing the Right Resources to Achieve Your Goals
Exit Mindset
This episode explains how to accomplish long-term objectives, increase the profitability of your company, and enjoy more free time as a business owner, through harnessing the right resources to get to your goals.
info_outline
What Makes A Great Team
Exit Mindset
This episode explains what you can do as a business owner to reassess your company’s infrastructure, in order to improve your team’s overall performance.
info_outline
Positioning Your Business in an Unpredictable Economy
Exit Mindset
This episode explains what the federal budget deficit is, and how the success of the economy may influence the future revenue of your business.
info_outline
Understanding the Totality of Your Business
Exit Mindset
The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth, with assistance from Amber Giannone. All rights reserved.
info_outlineHow to look at the economy as a business owner and incorporate the Exit Mindset in your business.
Key Links
- Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
- http://exitmindset.com/
- FREE WORKSHEET: http://bit.ly/EM-EconomyWorksheet3dcPmkU
-----
How to Look at the Economy During COVID-19
- How is the U.S. economy doing in 2020? We are still in the midst of COVID-19, so it’s not at it’s best, but hopefully we will be out of it soon.
- Every day you’re faced with gloom and doom. How do you maintain a positive outlook during this time?
The Blind Man’s Story
- The Blind man says that he is selling his stuff.
- The Son says that the economy is bad.
- The Blind Man stops selling.
The Illusion of Negativity
- The blind man was doing just fine when he didn’t know that the economy was bad. As soon as he knew, he assumed that he couldn’t sell anything in a bad economy and he gave up.
- This tells you that it’s all about your perspective.
- The reality is that there is always something you can do; you can always navigate through tough times.
How to Look at the Economy and Weather the Storm
- Companies looked at a bad situation and, rather than giving in to the negativity, actually did something to enhance their business.
- Don’t allow the current state of the U.S. economy to destroy your business.
Evaluate Your Product
- Your product is the most important element of your business and a huge part of what potential buyers want to see.
- The company has more potential than a company that just continues to sell its product and doesn’t have the ability to pivot when necessary.
Evaluate Your Infrastructure
- In tough times, many companies assume that they need to reduce their expenses by shrinking their infrastructure.
- If you evaluate your business’ infrastructure, you’ll almost certainly find areas for improvement.
- You can also improve your infrastructure by streamlining processes and finding ways to “trim the fat.”
- If you look at your own costs, you could find ways to streamline processes, reduce non-essential expenditures, and develop better cash flow.
Evaluate Your Conversation
- The conversation refers to any verbal or non-verbal communication you have with the consumer.
- If you adapt the conversation to fit the times and your consumers’ needs, consumers will be more likely to engage with your business.
Applying the Exit Mindset During COVID-19
- The Exit Mindset is all about looking at your company from the perspective of a potential buyer.
- You have to believe that the bad times will pass, because they will. Economies rise and fall like the tides.
- You just have to evaluate the situation, make a plan, and set it in motion.
Developing a Plan for Your Business
- You may need to make multiple plans during COVID-19. Plan A (six months) and Plan B (12 months).
- You’ll find ways that you can change or pivot your product, infrastructure, and conversation.
The Bottom Line
- In business, the end goal is often surviving the storm.
- Remember: action is everything. Use it or lose it.
-----
- The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
- For more information, please visit ExitMindset.com.
- Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.
We want to help as many #businessowners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.