Category: Entrepreneurship

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Entrepreneurship

007: Wartime Vs Peacetime CEO

What does it take to be a peacetime leader? A wartime leader? And when is each role effective for your business?

Every company right now is in the wartime season. A lot of fear is caused by the uncertainty out there. But a wartime leader doesn’t necessarily have to hustle until they burnout along with their teams.

In this episode, we learn the difference between wartime and peacetime leaders, how to respond during this wartime, and understand what to respond to in order to avoid burnout.

IN THIS EPISODE, YOU’LL FIND OUT…

  • The difference between wartime CEO and peacetime CEO (2:55)
  • When should we rally the troops (4:30)
  • Collective fear (6:40)
  • How have you been showing up? (6:52)
  • Hustle and being at ease depends on where you are in your business journey (10:30)
  • Decision-making during wartime vs peacetime (12:40)
  • Decision fatigue (14:22)
  • Energy management (14:50)
  • Wartime CEO does not equal 80-hour workweek (18:37)
  • Balancing the urgent important and the urgent non-important (19:50)
  • How to balance Wartime vs Peacetime as leaders (20:40)
  • Being the custodian of strategy (24:51)
  • Hustle FOMO (31:11)
  • Time and energy management of wartime CEO vs peacetime CEO (33:44)

ADDITIONAL RESOURCES
ABCDE Method for Setting Priorities by Brian Tracy

WHERE YOU CAN FIND US

CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? We’d love to hear your feedback and comments. Let us know by leaving a review below or share our podcasts with your friends.

Categories
Entrepreneurship

006: The 6-month CEO Holiday

The CEO is an integral member of any business. Top management decisions and overall operations fall on the shoulders of this person and we may think that the business may not be able to operate well without them.

But what if the CEO needs to step out of the business for a while? Could the business still run smoothly without them? 

For this week’s episode, Carl and Peter talk about the role of a CEO and how the business can thrive, even if the CEO needs to step away for a while. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • What tasks should a CEO do? (7:20)
  • The value of the CEO (9:55)
  • Strategic direction by the CEO (12:29)
  • Key differences between a leader and an investor (13:08)
  • Empowering and backing up your team in decision-making (19:00)
  • The reality of the CEO’s finances (19:50)
  • Handling customer feedback while away from the business (25:05)
  • Should you be always available to your customers? (29:16)
  • Responding vs the architecture of good customer service (30:30)
  • Keys to having more time and freedom as a CEO (32:01)

ADDITIONAL RESOURCES
The Great Game Of Business by Jack Stack 

WHERE YOU CAN FIND US

CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? We’d love to hear your feedback and comments. Let us know by leaving a review below or share our podcasts with your friends.

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Entrepreneurship Wealth

005: Buying Businesses Part 2 (Metrics From 3 Real Acquisitions)

Acquiring an additional business can help your company grow and diversify. However, despite the opportunities that acquisitions can create, there are a lot of risks involved as well. In order for an acquisition to be advantageous for your business, you will need the proper knowledge and discipline.

In this episode, Carl and Peter share their insights and the lessons they have learned when it comes to business acquisitions and how to find a win-win situation in every deal. 

By keeping your eyes and ears open, you’ll realize that there are a lot of opportunities out there to strengthen and grow your business.

IN THIS EPISODE, YOU’LL FIND OUT…

  • 3 unique deals for growing your business through acquisitions (02:47)
  • EBITDA: Earnings before interests, taxes, depreciation, and amortization (4:13)
  • Solving a problem (5:42)
  • Liquidator’s duty (14:26)
  • The value of talking to liquidators (18:09)
  • Understanding the  human element from both sides of the acquisition (23:08)
  • The importance of delayed gratification (24:16)
  • Look for the win-win deals (24:34)
  • The importance of patience when making a deal (26:28)
  • The value of undervalued businesses and vendor relationships (28:46)
  • Knowing your numbers in the business to be able to ask good questions (31:40)
  • Aha moments (34:57)
  • Top 3 lessons when growing your business through acquisitions (38:07)
  • Bigger deals are not necessarily better (42:20)

Like this episode? We’d love to hear your feedback and comments. Let us know by leaving a review below or share our podcasts with your friends.

Categories
Entrepreneurship

004: Buying And Selling Businesses – Why, When and How

If you would like to start a business but would rather not start from scratch, buying an existing business is the best option for you. While it may cost a little more upfront, there is far less risk involved. 

For this week’s episode, Carl and Peter get into the details of the advantages of buying an existing business, franchising and things to consider when buying a business.

IN THIS EPISODE, YOU’LL FIND OUT…

  • Why buy a business? (3:23)
  • Objections when buying a business (4:21)
  • Is franchising starting a business? (5:09)
  • What business should you consider? (9:08)
  • What are your prior considerations before looking for a business to buy (11:00)
  • Vendor finance (18:52)
  • Three negotiation points (20:23)
  • How to open a conversation with the business owner (26:14)
  • The integration phase (35:04)
  • Final things to consider when buying a business (44:58)

Like this episode? We’d love to hear your feedback and comments. Let us know by leaving a review below or share our podcasts with your friends.

Categories
Entrepreneurship

003: What We Would Do If We Started Again

What would you do if you were given the chance to start your entrepreneurship journey again from zero? 

If you were presented with the choice to start again knowing what you’ve learned from the past, would you build a business or acquire an existing one? 

Whether you were starting from scratch after a business failure or starting a new business alongside a current business, beginning again opens up endless opportunities for the business and for yourself. 

But deciding the path to take can be complicated. 

In this week’s episode, Carl and Peter break down what they would do if they were starting again in business and what they would do differently.  They also break it down to the different stages of their start-up.

IN THIS EPISODE, YOU’LL FIND OUT…

  • The advantage of starting a business while you’re young (4:40)
  • How a financial collapse should strengthen your relationships (6:43)
  • Starting a business from zero (8:04)
  • Getting past your failures (10:20)
  • The first 12 months after start-up (11:30)
  • Acquiring an existing business  (14:02)
  • Requirements for starting a second business (16:39)
  • Designing the life that you really want (20:24)
  • Connecting with yourself to understand what is really important to you (21:47)
  • An important aspect to starting again entails lifestyle design (22:45)
  • Understanding the journey of your past for better context in the present (25:53)
  • Frameworks to use when starting again (27:16)
  • Would you change something if everything is perfect? (30:25)

DISCOVER MORE
The Work by Byron Katie (27:50)

Like our episode? We’d love you to leave your feedback and comments below.

Categories
Entrepreneurship

Why We Started This Show

This show is for entrepreneurs and people who aspire to be entrepreneurs whether you have been in business for one year or more than 20 years, or you have taken someone else’s business, or you’re in a team of business owners, this show is for you.

Entrepreneurship is the greatest personal development journey you can take.

As you rise in the journey you not only grow your own income and knowledge, but also of the people around you. It is like the rising tide that lifts all boats. It benefits you and the people around you.

We are here to transform your way of thinking based on our own upgrades from running multiple businesses.

In this very first episode of the Entrepreneurs Rising, we share why we started this podcast, the journey to what brought us to this place, and what this show is all about.