#117 Waiting in the Waitin' Season

Creating a vision for your company can be scary or feel like fluff. But if big corporations create a business vision to remain competitive, maybe us business owners should too.  Scott shares from his up-coming book to clarify what a business vision is so you can improve your future and company profitability. This is the episode if you ever want to know what a real and useful business vision does for you.

Show notes at Arise2Live/podcast

#arise2live, #vision #smallbusinessowner

Unexpected events can be very disruptive on a business. Ever wonder why some business owners play the blame games, others freeze up, and a few seem to succeed under pressure. How they handle it better than others?

D. Scott Smith shares a way that you can not only handle the unexpected, but succeed from it. In this interview, Mr. Smith shares insights and information from his up-coming book “Freeze Inaction in the Face of a Business Crisis - How to React When The Unexpected Happens.”

We talk about how some business owners made adjustments and others didn't. D. Scott Smith shares the Value Wheel from the book, a practical tool identify opportunites and risks in your business.

You heard it first on the Arise2Live podcast!

Author's  website:  d. Scott Smith website
Link to d. Scott Smith Linkedin Profile
Book Information:  http://stopinaction.com

Podcast Home: https://Arise2Live.com/podcast

#Arise2Live #businessowner #strategy

What can we do when serious tech issues prevent the normal release of Arise2Live podcast?

Let’s gain insights from Bartlett Arkell’s book ‘Grocery Clerks Who Have Become Successful’ writing in 1925. Scott found this old book in grandma's box stored away for decades. It is surprising relevant today. Sure the names have changed, but time-based principles come through in inspirational ways.

The biggest take away? It’s okay to start with humble beginnings.

Bartlett Arkell was president of the Beech-Nut Packing Company for like 50 years and leave of legacy of company that’s still around plus community library and museum and more. He wrote this book to inspire the next generation of business owner who started as fast-food workers, er, grocery clerks.

Show notes at https://Arise2Live.com/podcast

#Arise2Live #businessowner #leadership

How do we stay smart when things are coming at us fast and hard? You know, those business situations that makes your hair stand on end. The daKAT method can keep you smart in scary business situations and go from fear to trust.

The daKAT method that can keep you level headed and is an acronym for:

• Don’t make fear based decisions.
• Ask Questions to get clarity of what’s going on.
• Know the facts and lever points of the situation.
• Action now.
• Trust things will turn out for the better.

Show Notes here

#Arise2Live #leadershipskills #constructionbusiness

The business owner not knowing their financial numbers is a leading cause of failure and at a certain point in a business life stage, a Chief Financial Offer (CFO) expertise is needed to watch over and sync-up the business cash-flow and profits with company operations.

Today’s episode covers a broad picture of the CFO role and why it is so important. Included is the dangers of not having a CFO, roles of a bookkeeper and tax CPA, the three types of CFO’s, and a starting-line to get you ready to hire an CFO.

A Big Red Flag that a CFO is needed: The company operations is making money, but bank account is shrinking.

Show notes at Arise2Live.com/podcasts

 Link: Schedule a Call with Scott Weaver

Knowing your company’s capacity is a key part of dealing with the business environment and make smart decisions. This episode is part two of the Solid Business Foundations series and shares the four major types of capacity found in companies that impact profits. Included is why capacity is not a limitation, that business capacity is the same as revenue capacity, and examples how to estimate and use capacity calculations in planning.

Show notes at http://arise2live.com/podcasts

Related:

Solid Foundations: Right-Size Your Company

Improve Your Company with Lean Business System

#Arise2Live  #businessowner #CNCshop #leadership

This is the first episode in the series called Solid Business Foundations.

Right-sizing is about having a strong business foundation with the free cash-flow to cover all the business expenses, not just day-to-day operations. Included are three dangerous cases when company’s revenues can get out of balance with expense plus a revenue first approach to make the decision whether to up-size and down-size to reach your company's right-size.

Show notes at Arise2Live.com/podcasts

#Arise2Live #entrepreneur #leadershipskills #constructionbusiness #jobshop

Aloha from Hawaii. Scott broke his toe at the beach and blamed himself for all the plans that didn’t  happen. Is that crazy? But he’s like so many other business owners thinking it’s all on them. Fortunately, his support team came to the rescue.

The battle for your mind and attitude can be one ugly, smashmouth fight. One you better win.

The episodes shares the challenges mindset battles, how a support team can get you going, and 5 things that you can do when unexpected setbacks arrive.

Show notes at http://Arise2Live.com/podcast

#Arise2Live #BusinessOwner

This episode finishes a three part series on improving your business savvy and is about dealing with your iron triangle, the three strongest walls that keep you down This concept is on way business owners can consistently make smart decisions.

Topics covered:

• Benefits of knowing your iron triangle.
• Dangers of your iron triangle.
• How to move a side of your iron triangle.

Part 1 link:  Gaining Business Savvy: Answer Vs Solution  

Part 2 link: Gaining Business Savvy: There are no solutions, only tradeoffs

Show notes at Arise2Live.com/podcasts

#Arise2Live #entrepreneur #leadershipskills #constructionbusiness #jobshop

How do many savvy business owners consistently make smart decisions? They accept that there are no solutions in business, only tradeoffs. This episode is part 2 of a 3-part series to help business owners improve their business acumen. 

This episode shares how you can be a more savvy leader with two foundational approaches to be move forward: Thomas Sowell's 3 general questions and Faster-Cheaper-Better

Part 1:  Gaining Business Savvy: Answer Vs Solution

More information at Arise2Live.com