Creating Owner Independence with David Finkel


Manage episode 289907924 series 2415578
By A.J. Lawrence and Beyond 8 Figures. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

David Finkel, CEO of Maui Master, business coach and best-selling author of 12 business and financial books, returns to the show to share how to build owner independence. Listen to Finkel chat about being a business versus an entrepreneur, how to stay consistent, strategic depth, and much more.

On today’s podcast:

  • Covid-19 has been either an existential time or a big boom for businesses - 1:32
  • Being a business vs. being an entrepreneur - 3:30
  • “How often in your business life have you had perfect information?” - 6:21
  • One of leader’s core roles is to be the voice of certainty in a sea of confusion - 10:54
  • The arousal curve - 12:57
  • Grow players vs. role players - 15:20
  • A 90-day quarter is a great unit of time to connect big picture goals with the connection of doing - 23:37
  • Know your number one priority each quarter - your limiting factor - 25:09
  • How entrepreneurs can keep consistency - 29:18
  • “The biggest limitation that you have is going to be the talent and attention of your best people.” - 33:03
  • How to maintain focus and planning - 38:40
  • How to grow your business beyond 8 figures - 42:26
  • An explanation of Strategic Depth and why you should be using it - 46:22
  • The concept of creating a legacy - 56:20

Key Takeaways:

  • Don’t make decisions and never revisit them
  • When we have fear, uncertainty and doubt (F.U.D factor) we go into a mode of survival, which can fixate decisions instead of getting broader perspectives
  • Know how to work with your grow players and your role players
  • Your staff needs time to get stuff done
  • The most successful companies have CEOs that don’t have many tasks
  • Most people can’t sustain by winging it
  • Even if you’re alone in your business you can’t be alone in the journey

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155 episodes