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Description
It's time to move from Operator to Owner!
Are you tired of feeling trapped in the day-to-day operations of your business?
Maybe even to the point where you're starting to think about your exit?
Look no further!
The Business Owner Breakthrough podcast is here to help you break free from the struggles of entrepreneurship and turn your worries into wins.
Hosted by Pete Mohr, Certified Exit Planner, Kolbe Coach and business owner for over 30 years.
Quick episodes full of actionable takeaways for those ready to make change in their lives and businesses.
164 Episodes
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Text PeteEpisode Summary:In this episode, Pete Mohr shares why recurring revenue is the secret to building a valuable and sellable business. Learn the different types of recurring revenue, from repeat customers to subscription models, and how they impact your bottom line. Pete outlines the hierarchy of recurring revenue, explaining how each level reduces risk, creates predictable income, and boosts your business's appeal to potential buyers.Key Takeaways:→ Recurring revenue minimizes risk and...
Text PeteIn this episode of the Business Owner Breakthrough Podcast, Pete Mohr discusses the critical balance between profitability and cash flow, referred to as the valuation teeter totter. He emphasizes the importance of cash flow as the lifeblood of a business and how it can impact a company's attractiveness to potential buyers. The conversation covers strategies for improving cash flow and profitability, including operational efficiency, managing working capital, and focusing on recurring...
Text PeteIn this episode of the Business Owner Breakthrough Podcast, Pete Mohr discusses the importance of the Switzerland Structure, which emphasizes making a business independent from any single customer, supplier, or employee. He highlights the risks associated with customer dependency, supplier dependency, and employee dependency, and offers strategies to mitigate these risks. The conversation also explores how buyers perceive businesses with these dependencies and the importance of exit ...
Text PeteIn this episode of the Business Owner Breakthrough Podcast, Pete Mohr discusses the second key driver of the Value Builder System: growth potential. He emphasizes the importance of understanding and enhancing growth potential for business owners looking to scale and prepare for future sales. The conversation covers barriers to growth, strategies for overcoming these barriers, and the significance of exit planning in achieving sustainable growth.TakeawaysGrowth potential is crucial fo...
Text PeteIn this episode of the Business Owner Breakthrough, Pete Mohr discusses the critical importance of financial performance as the first driver in the Value Builder System. He emphasizes the need for clarity, predictability, and strong financial metrics to enhance business value and attract potential buyers. Common mistakes such as neglecting bookkeeping and cash reserves are highlighted, along with actionable steps to improve financial understanding and forecasting.TakeawaysA valuable ...
Text PeteSummaryWelcome to the inaugural episode of "The Value Builder Series," a special nine-part series on the Business Owner Breakthrough podcast. This series is dedicated to helping business owners understand and enhance the value of their business. Whether you're planning to sell your business in a year or two decades from now, setting up your business for sale is crucial for long-term success. In this episode, Pete Mohr introduces the importance of exit planning and offers insights int...
Text PeteIn this final episode of the 5 P Framework series, Pete Mohr explores the importance of profit and how it ties everything together. After aligning your promise, products, processes, and people, profit is the reward that enables you to revisit your "what ifs"—those dreams and aspirations that motivated you to start your business. Pete shares insights on how profit allows you to regain your time, reduce stress, and focus on what truly matters in life and business.Key Takeaways:The Powe...
Text PeteEpisode Summary: In this episode of the Business Owner Breakthrough, Pete Mohr discusses the critical role that people play in your business success. As the fourth P in the five P framework (Promise, Product, Process, People, and Profit), your people—whether they are customers, team members, or outsourced suppliers—are vital to creating a thriving business. Pete explains how aligning the right people with your business promise can transform frustrations into freedom, allowing you to ...
Text PeteEpisode Summary: In this episode of the Business Owner Breakthrough, Pete Mohr dives into the critical role that processes play in your business. As the central element of the five P’s (Promise, Product, Process, People, and Profit), having effective processes can transform how your business operates, freeing you up as the owner and ensuring that everything runs smoothly, even in your absence. Pete shares actionable tips on how to prevent recurring overwhelm by clarifying, evaluating...
Text PeteIn this episode of the Business Owner Breakthrough, Pete Mohr delves into the critical task of ensuring your products and services align with your business promise. Building on last week’s discussion about refining your business Promise, this episode explores the importance of regularly assessing your offerings to ensure they continue to deliver on that promise and contribute to your business’s success.Key Takeaways:Reassess Your Offerings: Pete encourages listeners to revisit their ...
Text PeteEpisode Summary: In this episode of the Business Owner Breakthrough, we dive into the critical role of clarity in your business promise. Pete Mohr discusses why understanding and refining your promise to clients is essential for aligning every aspect of your business—from decision-making to customer experience. By the end of this episode, you’ll have actionable insights to revisit your business promise and ensure it’s still relevant and compelling.Key Takeaways:The Importance of Clar...
Text PeteEpisode Description: Welcome to Season 5 of the Business Owner Breakthrough! In this exciting first episode, Pete Mohr introduces his latest book, The Business Owner Breakthrough, and revisits the cornerstone of his business philosophy—the Five P's: Promise, Product, Process, People, and Profit. If you're feeling overwhelmed and stuck in the daily grind of running your business, this episode will guide you on how to realign your business to support the life you want to live. Pete sha...
Text PeteIn today’s episode of the Business Owner Breakthrough Podcast, host Pete Mohr dives into the transformative power of the Kolbe system, specifically focusing on the 'expand' stage crucial for optimal team composition and hiring practices. Pete elucidates how the Kolbe system’s 'right fit' strategy can be a game-changer in aligning candidate capabilities with job requirements, thereby enhancing team dynamics and business outcomes. By dissecting the 'range of success', Pete provides act...
Text PeteIn today's episode of the Business Owner Breakthrough Podcast, host Pete Mohr dives deep into the Kolbe system's "align" phase, exploring how aligning team members’ natural strengths with job requirements can dramatically boost productivity and fulfillment. Pete breaks down the intricacies of the Kolbe A, B, and C assessments, illustrating their critical role in ensuring team members are in their rightful place on the accountability chart. By leveraging the unique insights provided b...
Text PeteIn this enlightening episode, Pete Mohr dives deep into the intricate world of team dynamics, revealing how understanding and optimizing these dynamics is crucial for business success. He sheds light on the ideal team distribution, emphasizing the balance between reacting, counteracting, and initiating actions. Pete illustrates this with a case study, highlighting common pitfalls like team cloning and the need for diverse skill sets. Additionally, he explores how transparent team rep...
Text PeteWelcome to another episode of the Business Owner Breakthrough Podcast with Pete Mohr. In this second part of our six-part series on the Kolbe system, Pete takes a deep dive into the 'Identify' aspect, focusing on the Kolbe A assessment. This assessment system is not just about self-awareness but also about understanding team dynamics and improving communication and decision-making. Whether you're a business leader or a team member, this episode is packed with insights to help you lev...
Text PeteWelcome to another exciting edition of "Business Owner Breakthrough." Host Pete Mohr brings us a special five-part series focusing on the Kolbe System, a unique assessment tool that goes beyond traditional measures, diving into the conative aspects of decision-making and action-taking. This series promises to unravel the intricacies of Kolbe, offering insights into how it enhances self-understanding and team dynamics in a business environment.Episode Highlights:The Essence of Kolbe: ...
Text PeteIn this enlightening episode of "Business Owner Breakthrough," Pete Mohr engages in a vibrant conversation with Josh Habre, a dynamic third-generation entrepreneur steering the family business, Shoe Mill, into new realms of success. They delve into the strategies that have led to a significant expansion of Shoe Mill, growing from 6 to 14 stores since 2019. A key focus is on Josh's leadership in nurturing a culture of innovation, embracing technology, and empowering team members to co...
Text PeteIn this compelling episode, Pete Mohr addresses a critical yet often overlooked aspect of business growth: the challenging but necessary process of realigning your team. With his extensive experience and insightful perspective, Pete delves into the sensitive topic of parting ways with key team members who no longer fit the evolving needs of your business. This episode is not just about making tough decisions; it's a deep dive into understanding the importance of alignment in your tea...
Text PeteIn today's episode, we dance along the delicate line between safety and the unknown, navigating the business terrain where failing isn't a misstep but a strategic move. Pete Mohr delves into the concept of failing fast—not as a sign of defeat but as a catalyst for growth and innovation. It's a tactical embrace of risk, reshaping failure as a tool for learning and swift adaptation. Through real-world examples like Uber and Airbnb, we explore how rapid responses to failure forge paths ...
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