Intentional Growth

Intentional Growth™ is a podcast for entrepreneurs and business owners wanting to clarify a path to ... more

Latest Episodes

May 27, 2020 NaN
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#199: How to reinvent yourself in times of transition and find your life's purpose

This is officially the last episode of this podcast under the name of “Life After Business.” Starting with the next episode, this podcast will be renamed, “Intentional Growth” and it will be all about how to grow the value of your company with the end in mind. In today’s episode, I’ll be talking with entrepreneur and author, Mike Lee. We’ll be talking about how to reinvent yourself in times of transition and how to find your life’s purpose. What is your purpose and what are your definitions of success in your key roles as a human being? These descriptions represent your requirements. That way when a new opportunity does arise you have something to evaluate it against. Without this intentional work you are at risk of taking the next thing that comes your way and missing the opportunity of a lifetime: you risk not fulfilling your true God-given purpose. What You Will Learn in Today's Podcast Interview: Mike’s personal and professional backstory The importance of purpose and how to write our life purpose statement Live life backward from your obituary How to get unstuck if you are not feeling good about the work you are doing How to identify if your ego has crept into your role as a leader Why retirement is a false and misleading mindset (especially for entrepreneurs) How to lean into tough times, use your creative thinking and find your life’s purpose How to get over yourself and fix your situation How to look deeper into the meaning of your role as an owner and leader Life is a balancing act and there is no perfect situation How to determine where your true identity resides How to avoid the frying pan all together, and get intentional before something bad ...

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May 20, 2020 NaN
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#198: From Freelancer to Selling to a Private Equity Firm: How to Grow Long-Term Value

On today’s podcast, I’m talking with Lloyd Wolf. We’re talking about how he took his freelance IT company and turned it into a full-time IT service company. Not only did this take talent and know-how, but it also involved a change in his mindset. We also get into how a peer group helped him focus on the right things, how he shifted his mindset from annual profit to EBITDA and value creation, and how and when he realized that he “made it”. We are entering a new normal with Post COVID but the guest on the show today has lived through various business models, recessions and he was still able to eventually get what he wanted from the business. Lloyd was VERY intentional with his strategies and where he was spending his time, energy and money. It’s official, I’ll be changing the name of this podcast from the Life After Business Podcast to The Intentional Growth Podcast. We’ll be launching the change on the 200th episode. It has been a huge decision for me because, after all these years, I’ve grown as an individual as I’ve learned about valuations, value growth, even more about business, the economy, just tons of personal and professional growth. My original and current desire for my listeners is for you to be able to get all the information you need in order to make your own decisions so you can choose your own adventures. That comes down to being intentional.   What You Will Learn In Today's Podcast Interview: Our definition of a successful entrepreneurial journey How to shift your mindset from being an accidental entrepreneur to an Intentional entrepreneur The 3 things most important things to help you get ...

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May 13, 2020 NaN
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#197: Forecasting the Recovery & Cutting Through the Noise with ITR Economics

Today we’re going to be talking to Alex Chausovsky from ITR Economics, which is a world-renown Economist forecasting and consulting company which works with some of the top mid-market companies and is heavily involved in nationwide CEO Peer Groups like Vistage using their data. A year and a half ago I had him on the show to discuss their short and long -term economic forecast. One of ITR Economics’ main theses has been a slight downturn in the early 2020’s and then a great depression in 2030. Since I had him on, we’ve had a worldwide pandemic that has decimated our global economy. A lot of the things we discussed in the first interview like the demographic shifts and some of the variables that go into their 2030 great depression forecast are still relevant. I figured it was time to get him back on the show to explain how our current situation impacts their forecasts and what they think the future holds.  In today’s episode because you’ll learn – About Alex Chausovsky and his background The leading indicators to track and measure the health of the economy How deep and how long the economic pain will be Will experience a V-shaped or U-shaped recovery? The implications of the Federal Reserve printing money How corporate and consumer debt affects the recovery period ITR Economics forecast for the rest of 2020/21 How the pandemic impacts ITR’s 2030 prediction What ITR’s forecast is on the job recovery The 90% economy How are new normal is impacting valuations Their forecast on unemployment in 2021 What companies can be doing right now to weather the storm and set themselves up for the long term How to view rates of change What ITR is using to predict how the virus is Alex’s view ...

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May 06, 2020 NaN
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#196: Solving Problems Through Payroll: How to Separate Your Management Role from Ownership in a Family Business

Today, Sara Stern is talking with me today about the family business circle, her experience in family businesses, The Sage Pages, the Matilda Impact, family business statistics and what that means for your business, how ‘fair is not always equal,’ and what successful family businesses have in common. So many businesses (family-owned or not) hit their ceiling because the owner/founder cannot separate their ownership role from their management role. Because so many owners don’t truly understand business valuations and how to identify what their biggest asset is worth, they try and solve interpersonal problems with what is tangible, and they understand… payroll. Salaries become the default mechanism to “treat everyone fairly” or keep the peace. When in reality this can be one of the most toxic mistakes to make. I truly believe conflict can disappear once a business owner understands how companies are valued and have boundaries which clearly define value management roles should be bringing along with the correct pay. This DOES NOT mean that hard conversations will disappear, it just means that the chances of growing a valuable business that lasts generations will increase along with family harmony.   What will you learn in today’s episode: Sara’s background and her experience with business What Sara got from working at Target The three-circle model of family business are: Ownership  Business  Family What the Matilda impact is and how to use it to address the family freeloader Why 90% of first-generation business owners are in all three circles The excuses first-generation owners Why fair is not always equal What the successful family businesses to make it in the 3% of companies that beat the odds and survive three generations How to shift your mindset and reinvent the family business if you are sick of ...

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April 29, 2020 NaN
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#195: What's Going to Get You Ahead is Your People: How One Entrepreneur 4x His EBITDA

A huge challenge I see business owners encountering right now is the decisions that need to be made on how to balance the interests of one’s people and culture while also recalibrating their operations and cost structure to potentially a new revenue and profit norm.   Today I’m talking with successful author, speaker, and entrepreneur Chris Meroff. He has built his company, and Private Equity Firm, into a thriving a place of cutting-edge ideas for company culture. Chris shares how he quadrupled his EBITDA as a result of embracing his employees and focusing on ways to release their inner greatness. By optimizing for ways to increase the median employee salary he literally lifted everyone up in the process.    What will you learn in today’s episode: How Chris has more than quadrupled their EBITDA by focusing on his employees and leaders How Chris scales his companies by focusing one KPI – increasing his employee’s median income Why Chris would give up millions instead of laying off 10% of his workforce How to harvest your employees’ greatest gifts and nurture their inner greatness How to abolish the 2 things that can erode profits and employees’ mental states How to unleash your people like never before Culture is the sum of everyone’s world views How to create a company purpose statement and engrain it in your culture How to use the company purpose statement as a line in the sand to make decisions How to create a culture that you can measure and monitor How to align your culture and financials The difference between entrepreneurs who are “hobbyist” and those who are growing an investment   Main Takeaway: We cannot forget that businesses are made up of employees and people. Not only do we ...

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April 22, 2020 NaN
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#194: Mastering Your Cash Flow: How to Get Clear, Get Intentional and Get Going

Today, more than ever, I have watch businesses of all sizes, industries and locations buckle down to figure out what this new economy means to them, their business and their future cash flow.I've seen companies with millions of EBITDA disappear and entrepreneurs with a few hundred thousand in EBITDA explode with growth. Regardless of what end of the spectrum you are on, getting a handle on what cash is coming in and out the door is crucial. There is a way to get visibility into your cash that helps you get through this storm and also sets you up for success so you can "afford"​​​ to grow at the pace you want... and with the right kind of growth. My business partner Pat Hobby and I will be discussing how the most successful companies master their cash flow by building out forecasts and budgets that align with their strategic plans and revenue targets. ​We talk about the steps you need to do, how to be intentional, make a plan, and come out of this ahead by building a 13-week cash flow statement, revising your budget and forecast and then building a plan for long term value growth.   Some of the things we discuss in today’s episode – How to balance today's storm with your future plans for the business How to build a financial foundation that gives you visibility into your cash flow The key components to a 13-week cash flow statement and why you need one How to use a 13-week cash flow dashboard to work with your stakeholders How to build an annual budget from the ground up How to ...

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