Exit Mindset

Have you ever wondered what you should be doing now to mitigate business risk? Today I will be discussing the different types of risk you could encounter and how to combat those risks. Managing those risks is a key skill you must learn in order to mitigate damage to your company and yourself.

This episode’s takeaways:

• Strategies to use to mitigate damage from risks
• The best way to react to risks
• Learning the difference between internal, external, and preventable risk
• How risk and reward can go hand-in-hand

Mitigating risk is a good way for you to be proactive in your business and for you to strengthen the systems and processes within your company so you can have a successful exit in the future.

Sign-up for your FREE COPY of Exit Mindset (Releasing soon!) For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• The difference between internal and external risks for your business
• How running a business is like driving a car
• Questions to ask yourself
• Strategies to implement in order to manage risk
• What is preventable risk?
• Every business is subject to risk

Resources/Links:

ExitMindset.com

Exit Mindset on Facebook

Exit Mindset on LinkedIn

Exit Mindset on Twitter

Exit Mindset on Instagram

Exit Mindset on YouTube

Daily tasks and emergencies are accepted as common issues business owners must deal with. No one sets out to simply tread water in their business without any forward momentum. Unfortunately, that is often the case for many business owners due to these distractions. 

Day-to-day tasks often get in the way of improvement and scale. While they are certainly necessary measures, I’m here to tell you that these tasks are below your pay grade and the wrong way to go about running your business. 

You should be thinking from the BUYER mindset and not the OWNER mindset. Today I will tell you how to change your mindset so YOU can build a scalable business, in order to have a clean exit in the future.

Have a question about your business we can answer? Email [email protected] 

Sign-up for your FREE COPY of Exit Mindset For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• How to think like a buyer for your company 
• When should you start thinking like a buyer?
• Reasons people start their own businesses
• How to build a scalable business model
• The difference between profitability and scalability 
• Questions to ask to evaluate if you are thinking like a buyer

Resources/Links:

Get a free copy of my book here!

ExitMin

You need to stop spending too much time on your business. For many of us, this is a difficult task. It is hard to distinguish an owner’s mindset from a buyer’s mindset. In today's episode, I will be talking about what you can do to make that distinction and how delegating can help you and your business with:

• Accountability
• Solidifying objectives
• Creating trust
• Freeing your time for more important tasks
• Specialization
• Forming your own systems

Sign-up for your FREE COPY of Exit Mindset (Releasing soon!) For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• Owner’s mindset versus a buyer’s mindset
• Working with other people’s systems and workflows
• Key objectives versus day-to-day work
• Why delegation is so important
• Does delegating this task free your time for more important tasks?
• Do you have someone who specializes in these tasks?
• Are you delegating to all three parts of the exit mindset?
• How delegation helps your team with accountability
• Delegation creates trust in the system and within your team
• How to start delegating
• The harmful phrase “I thought” and why you should eliminate it from your vocabulary

Resources/Links<

Welcome to the Exit Mindset podcast. In this episode, I’ll be talking about time management and productivity. It is said that time is money. For someone who runs their own business, this is especially true. If you can effectively manage your time, you will be able to save money, energy, and you will be able to achieve more of your goals.

This episode addresses:

• How important prioritization is
• How time management cannot be overlooked to be successful
• How detrimental distractions can be
• Strategies on how to prioritize time and see results
• New ways to think about tasks in front of you

Sign-up for your FREE COPY of Exit Mindset (Releasing soon!) For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• Statistics on time management and productivity
• Is this meeting necessary?
• Ineffective activities
• The four quadrants of time management
• Reducing the amount of urgent activities
• Attention-relieving versus goal-achieving activities
• Product, conversation, and infrastructure goal-achieving activities
• Tactics to help you stay focused on your tasks

Resources/Links:

ExitMindset.com

Exit Mindset on Facebook

Exit Mindset on LinkedIn

Exit Mindset on Twitter

Exit Mindset on Instagram

Exit Mindset on YouTube

Welcome to the Exit Mindset podcast. In this episode, I’ll be talking about the importance of business partnerships in growing your business. Partnerships aren’t just about getting revenue and utilizing the resources of your partner. Partnerships are also about building connections, networking, adding value, and collaborating.

This podcast will help:

• benefits of business partnerships
• limitations that business partnerships eliminate for you
• what to look for in the right partnerships
• how partnerships will help you achieve growth

Sign-up for your FREE COPY of Exit Mindset (Releasing soon!) For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• Scaling companies with limited resources
• The importance of partnerships in the business world
• Defining good, healthy business partnerships
• The role of value in a relationship
• Intentions and expectations
• Lowering cost and increasing revenue through collaboration
• Stats on partnership performance
• Strategies to help build relationships

Resources/Links:

ExitMindset.com

Exit Mindset on Facebook

Exit Mindset on LinkedIn

Exit Mindset on Twitter

Exit Mindset on Instagram

Exit Mindset on YouTube

Welcome to the Exit Mindset podcast. In this episode, I’ll be talking about the nightmare of strategic hires. The hiring process can be overwhelming and can get expensive. You don’t want to hire the wrong people and you don’t want to accidentally pass on a great possible hire. Today’s podcast will help you: 

• Save money by understanding what talent you have that could relieve the stress you are experiencing 
• Focus on your greatest hiring need first 
• Be efficient and purposeful about your hiring 
• Ensure as you are hiring that they will be a good long term fit for your company culture and work ethic 
• Help you focus on the aspects of potential employees rather than getting caught up in small details

Sign-up for your FREE COPY of Exit Mindset (Releasing soon!) For more information, please visit ExitMindset.com. Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, Instagram and YouTube.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

Talking Points:

• The importance of hiring the right person
• The correlation between people and infrastructure
• Clarity of job specifications
• Acres of Diamonds: look within your company before you look outside your company
• Never hire out of desperation
• Think of your current employees as you hire new ones
• Utilize self-assessments
• Be candid about your company culture in the hiring process<

Key Links

• Sign-up for your FREE COPY of Exit Mindset
• http://exitmindset.com/
• Send your questions to [email protected]

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Nothing Happens in One Day

Do you ever wonder why growing your business is taking longer than expected? In this episode, you'll get a different perspective on how to approach metrics and timelines. Goals are great, but many set them while ignoring the reality of their own circumstances. Use two unlikely traits to your advantage: patience and annoyance.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links

• Sign-up for your FREE COPY of Exit Mindset (Releasing 2021)
• http://exitmindset.com/
• Send your questions to [email protected]

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Just Getting Started?                                                      How to Apply the Exit Mindset to Your New Business

Just because you do not currently own your own business doesn’t mean that the Exit Mindset does not apply to you.  The idea of nurturing an Exit Mindset and treating your businesses as if there is a buyer around the next corner is one that can be valuable no matter the circumstances.  Whether you are looking to sell, are a satisfied owner or are an aspiring entrepreneur, it’s important to keep your mind open to the possibilities of growth.  After all, you never know when you will come across the right idea, product or service that thrusts you into the exciting and everchanging realm of business ownership.  When the time comes, the most important thing you can do is be prepared to seize the moment and grow alongside the opportunity that is presented to you.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.
• Follow Exit Mindset for more ways to “Think Like a Buyer” on Facebook, LinkedIn, Twitter, and Instagram.

We want to help as many business owners as possible. If you know anyone who could benefit from the information in this podcast, please feel free to share it with them.

Key Links

• Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
• http://exitmindset.com/
• Send your questions to [email protected]

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Don't Confuse Hard Work with Productivity

• If you have already established a hardworking team, but aren’t seeing the results you had hoped for, there may still be some minor adjustments that you can make.
• There is a common misconception in business that when an employee is working hard, they are getting the job done efficiently and doing quality work.
• Sometimes, all it can take to improve the productivity of your team is a bit of guidance from the managerial staff.

Establishing Layers

• It can be easy to confuse loyalty and the willingness to work, with efficiency. It’s a mistake that is made by business owners across the country each and every day!
• As a business owner and people-manager, it is your duty to help your staff improve their efficiency and gain a view of the bigger picture.
• The first step in this process will be to institute a master objective, so that you can get the entire team working on tasks that align with a single long-term goal.
• As the business owner, it is your job to communicate the bigger picture in a way that is actionable and easy to understand.

Relating Back to the Exit Mindset

• The Exit Mindset is predicated on the notion that thinking from the mindset of a potential buyer for your company will help you understand your businesses flaws, and competitive advantages.
• While it is true that employee efficiency falls under the infrastructure category, the characteristics and efficiency of your teams can affect your conversations, and of course your product as well.
• It can be crucial to ask yourself critical questions such as, “Is a potential buyer of the company looking for a hardworking loyal team or would they prefer a team that is intensely focused and achievement oriented?”
• Maintaining a hardworking and loyal team can provide a monetary value when a potential buyer is evaluating your business, and first meeting your employees.
• In order for any company to succeed and grow, you will need good employees from the very top, all the way down to the employee who is making a sale or having a direct customer interaction.

Conclusion

• At the end of the day, the goal should be scaling your business to achieve the maximum amount of revenue and profits as possible.
• It’s important to remember, when a company is set up correctly, and an ideal buyer shows up, only the ownership will change, not the management!
• Because of this fact, your employees and your team’s efficiency can provide unbelievable monetary value and contribute to your company’s valuation.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.

Key Links

• Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
• http://exitmindset.com/
• Send your questions to [email protected]

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Pivoting Your Business

• If you’ve been setting lofty, long-term goals and not seeing the progress that you’d expected, it may be time to consider pivoting your business.
• It is human nature to procrastinate and take the first few days of the month off after a long-fought battle the previous month, which is likely what your employees are doing.
• If you’ve already analyzed the other parts of your business, realistically your problem may be with the way your company sets goals!

Analyzing Goals & Objectives

• When a corporation begins to outline monthly goals, it plays into an employee’s natural urge to let the beginning of the month slide by and then “cram for the exam” at the end of the month.
• Some seasoned veterans even derive satisfaction from pulling a project together out of thin air, at the last minute.
• Even if you are able to capitalize on your procrastination a few months in a row, it does not mean that your decision-making process is sound.
• While we all know that is an unrealistic goal at first, striving to be ahead of the curve will always prove to be beneficial.

The Process Moving Forward

• Is it possible to pivot a company’s process to improve sales goals? From experience, we have discovered that turning your monthly or yearly goals, and objectives into daily goals can be extremely beneficial.
• By talking about daily goals and asking critical questions, your team will begin to discover distinctions, issues, and solutions that will move goals forward.
• While occasionally the solutions do appear all at once, more times than not they will reveal themselves over a period of a few months.

Conclusion

• Problems do not get solved just by looking at them. As a business owner, you have to investigate and probe.
• By having conversations with your team every day and diving deep into the reasons that certain goals are not being achieved, you will notice that the tides will begin to change.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.