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Tightening Your Business with the Right Tools

Exit Mindset

Release Date: 10/30/2020

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.

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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Tightening Your Business with the Right Tools

  • There are countless business owners each and every day that give up on their dreams of being an entrepreneur.
  • If you’re starting to feel like all of the bulky parts of your business are falling into place, you may need a wrench!

The Wrench Metaphor

  • You’ll need to be able to accept the fact that there are in fact some pieces of your company that aren’t properly bolted together.
  • You’ll need to be able to identify where the loose bolts or poor fitting pieces are so that you can begin to strategize a solution.
  • You’ll need to fix the issue; whether that means replacing, reconfiguring, or even reinventing new parts!

Accepting the Problem:

  • ‘The Wrench Metaphor’ is so relatable because it’s easy to picture a car rolling down the road with parts hanging off, or a wobbling wheel.
  • For many business owners, jumping over the psychological hurdle of accepting that their company may not be bolted together correctly is much more difficult.
  • There may only be a few bolts that need tightening or even room for a new part that may lead to the metaphorical vehicle running more efficiently!

Identifying the Loose Parts:

  • At a certain point in this process it becomes evident that identifying loose bolts or misconfigured pieces is just as important as brainstorming a solution.
  • Once you’ve found the first bolt, be sure to continue to examine the rest of your business with that same mindset, leaving no part untested.
  • Have you asked yourself the hard questions about what is truly malfunctioning?

The Fix

  • In order to avoid feeling overwhelmed, it’s important to tackle one task before moving on to the next as opposed to losing focus trying to finish the entire project at once.
  • If you’ve noticed that your product has some loose bolts, the solution may be a simple add-one or even just a small adjustment.
  • Any fix you make should lead to a better valuation for your company, more time in your day, higher profits, and better offerings!

Conclusion

  • Even if all of the business fragments you are currently in possession of fit in their current arrangement, there may still be other ways of assembling the same pieces or even a way to reinvent more efficient parts.
  • If you don’t take action, nothing is ever going to happen, and your business will never be back on the road racing towards a higher valuation!

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  • 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.
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