290 - If I Bought Your Business What’s The First Thing I’d Change

Update: 2025-01-28

Description

In this episode, you'll discover:

Answer this question: If I bought your business today, what is the first thing I’d change?
Next question: Why have you not changed it already?
Perspective shift – Spend the money you are gonna lose.
What is your next move?

Episode Highlights

00:49 - Learn how to approach your business with a buyer's mindset, identifying areas that need change to drive immediate improvement.

03:58 - Discover how asking "What would we change first?" helps prioritize key areas for growth and operational efficiency.

06:24 - Understand the role of the accountability grid in assessing marketing, conversion, retention, team, and financial functions.

08:31 - Explore how loss aversion can motivate decisive action to prevent revenue loss and improve profitability.

12:13 - Hear how revisiting systems like check-in and check-out processes can reveal inefficiencies and create immediate revenue opportunities.

15:30 - Learn why systematizing processes and assigning accountability to team members optimizes operational effectiveness.

18:26 - Discover the power of objectivity in business audits, using external perspectives to identify hidden areas for improvement.

20:00 - Gain insights on proven systems and mentorship to guide sustainable scaling and operational excellence.

22:02 - Understand the importance of aligning pricing strategies with market value to optimize revenue and reduce operational stress.

23:11 - Explore why embracing truth over excuses drives growth and ensures long-term business success.

Resources Mentioned

Register Now for the TRP Remarkable Team Building Immersion - Feb 28 and Mar 1, 2025 in Brisbane, AUS - https://theremarkablepractice.com/upcoming-events/

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo