E064 - How to Build a Business that Matters and is Profitable with Warren Coughlin (E)
Description
A successful business that is profitable and positively impacts the world is one that has mastered business skills. These skills include; sustainability, return on investment, a topnotch management system, high-performing culture, and a dashboard that allows a business owner to predict the performance of the business. Join this conversation with Warren as we explore the many ways you can build a profitable business that does good for the world and is profitable.
Warren has been coaching ethical entrepreneurs toward prosperity, freedom, and fulfillment since 2002. His clients have enjoyed 8-figure exits, the development of High-Performance Cultures, greater work/life integration, massive profit growth, and rewarding impacts. He was the top coach in Canada with the world's largest business coaching business. He is also a recovering lawyer, a serial entrepreneur, a former college professor, and an actor/theater director.
In this podcast, we will go through Warren’s three-part business framework on how to create a saleable business even when you don't want to sell in the future.
During this episode, you will learn about:
[00:00 ] Episode intro and a quick bio of the guest; Warren Coughlin
[01:41 ] Warren’s backstory and the type of people he works with
[06:22 ] Warren’s three-part framework for people and businesses
[08:53 ] You can't win the game if you don’t know how to keep the score
[09:05 ] You need a high-performance culture
[09:30 ] You can’t win if you don’t have a game plan
[11:18 ] How a working plan is a framework for making decisions in business
[16:20 ] Why over-systemizing is a slow but sure death to your business
[18:54 ] How to build a winning culture even when the business is young
[23:38 ] Challenges of building a business culture that he has helped his clients overcome
[26:03 ] How is culture a competitive business advantage?
[33:26 ] Hiring the right people is the catalyst to a good business culture
[34:05 ] Getting all the information when interviewing a person
[43:16 ] The most important aspect of putting more effort into when starting a business
[47:29 ] How you can reach out and connect with Warren
[47:50 ] Ending show and call to action
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