loader from loading.io

How to Apply the Principle of Finite Volume to Your Company

Exit Mindset

Release Date: 10/16/2020

Nothing Happens in One Day show art 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 show art 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 show art 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 show art 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? show art 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 show art 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 show art 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 show art 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 show art 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 show art 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_outline
 
More Episodes

This episode explains the Finite Volume Principle and the importance of defining the beginning and end of any project.

-----

Key Links

-----

The Finite Volume Principle

  • The Finite Volume Principle is the idea that in any physical room there is a finite amount of space. Once you have exhausted that space, there is no more room to grow and therefore no more opportunity.
  • Every business owner at one time or another finds themselves overwhelmed with tasks and work with approaching deadlines.
  • One way to limit this feeling of overwhelming exhaustion is to set clear objectives and milestones that keep the business and your positive outlook moving forward.

Breaking it Down

  • Break down your business into 3-5 elements that can all be worked on and improved upon separately.
  • Defining a beginning, an end and then filling in the middle will leave you at a place where you can cross objectives off of your to-do list instead of being stuck on a revolving wheel.

Overcoming the Fear

  • There are countless businesses who fail to break down their objectives and timelines into a format that is easy to comprehend.
  • Fear can come in a lot of forms, like an overwhelming feeling and fear of failure are just a few.

 

Move the Big Rocks First!

  • The demonstration of rocks, stones, sand and water in a glass container truly expresses how it can be difficult for employees or business owners to understand their true finite volume.
  • Your primary focus should be the rocks, the rocks represent the larger objectives or defined ends that result in a project’s completion.
  • If you are able to evaluate your processes every few weeks, you’ll be shocked at just how much you and your team can accomplish.

-----

  • 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 business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.