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:
Main takeaway:
I believe you can get what you want from your business on all fronts. It’s going to take hard work but--I promise you--it’s worth it. Go to ARKONA.IO/Assessment or text 66866 to take a two-minute, twenty question assessment that we’ve created to help you shift your mindset and focus on value-creating activities that will help you get what you want with your business.
Sign Up For The Mastering Your Cash Flow Video Series
We created a video series called Mastering Your Cash Flow that helps you get clear visibility into your cash flow and build a financial strategy that allows you to capitalize on the future opportunities that come from the crisis
What You'll Learn in the Mastering Your Cash Flow Video Series
Quotes:
17:36 – “I was blessed to have been introduced to Arlin Sorenson in the 2010 time-frame and Arlin had put together what (at the time) was known as the H.T.G. Peer Groups. The Heartland Technologies Groups.” – Lloyd Wolf
21:00 – “Prior to the peer groups, there was really no one that could hold me accountable, right? If I had goals or aspirations, I kept them to myself, mostly-you know, for the most part. Some I shared with the staff, but not the deepest darkest secret ones.” – Lloyd Wolf
72:46 – “EOS is a proven set of tools and so I’m so comfortable with it and it worked for me (and it’s worked for thousands of other businesses) that I feel confident that I can play the role of the teacher, a facilitator, and a coach.” – Lloyd Wolf
25:00 – “Within the peer group we talked about goals for the quarter so just being intentional. What’s the most thing that I say, that I need to get done next quarter? And then focusing on that over the quarter and then being held accountable at the end of the quarter.” – Lloyd Wolf
Links and Resources:
Lloyd Wolf, LinkedIn
Mastering Your Cash Flow Digital Course
Reach out to me if you have questions about the boot camp!
You can also reach out to me via email at [email protected], on my LinkedIn.
Today on the Life After Business podcast, we’re talking to Tim Hall. Tim’s story is so amazing that I just had to get him...
Stephanie Breedlove was the CEO of a payroll and tax accounting firm for households. The focus of their company was families that wanted to...
EP. #3 [THEME ONE] On today’s show we have someone who lives and breathes living life with intention. Rob Dube is the co-founder of...