Tag: Business growth

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Business Growth Entrepreneurship Personal Development

052: Know When to Continue or Change Your Investment Strategy

Making decisions about your investments can be a tough choice to make. With an ever-changing market, you may question if it’s time to continue with the same investment strategy and focus on growing what you already have versus making changes for possible better returns. 

While there is no surefire way to guarantee success, understanding when to adjust or maintain your strategy will help ensure that your investments remain as profitable as possible in the short and long term.

In this episode, I answer the question of how to know when you should continue or change your investment strategy. When it comes to investing, the decision to move forward with your current strategy or switch things up is not one that should be taken lightly. 

Having a plan in place for how and when you will adjust your investments based on market changes and personal goals can often mean the difference between success and failure. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • When you should review your strategy (00:55)
  • What is an annual return and why should review it (01:57) 
  • Is holding your assets the best strategy? (04:01)
  • How to find a good financial broker (05:21)
  • What to do if you’re maxed out (06:54)
  • Know your goal and opportunity costs (08:16)

QUOTES

“Investments are there to serve a purpose.” -Carl Taylor

“What will bring you closer to your goal is keeping your asset going.” -Carl Taylor

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

051: What Happens When Your Business Plateaus?

Business growth can be incredibly exciting; it’s what entrepreneurs and business owners strive for. However, at some point, every business will reach a plateau in its growth. 

This point of stagnation can feel frustrating; you may even begin to worry that your business is not as successful as it once was or had the potential to become. If this sounds familiar, fear not – there are steps you can take to get back on track and continue your climb towards success. 

In this episode, I answer the question from Maureen Pound – “What happens when your business plateaus?”  This can occur in organisations of any size, ranging from small businesses to large corporations.

Given the increasing competition in today’s market and the need to stay ahead of the game, it’s essential that companies strive for continuous improvement rather than aimlessly persisting without change. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • Signs that your business has reached a plateau (00:40)
  • How to move out of business plateaus (02:11)
  • Identifying who you need to become to succeed (04:58)
  • Why you should be with people who are playing a bigger game (06:23)

QUOTES

“Plateau stage is a great chance for you to recharge, reflect and celebrate what you’ve achieved.” -Carl Taylor

“If you don’t know how, go and learn it.” -Carl Taylor

“If you want to move on from the level you’re at, you need to ensure that you’re around people who are in business at a higher level.” -Carl Taylor

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Personal Development

050: Key Myths About Work-Life Balance

Work-life balance is an elusive concept, especially in today’s world where time and energy seem to be ever-diminishing commodities. It can often feel impossible to strike the right balance between your job, family life, hobbies, projects and other responsibilities that demand competing claims for your attention. 

But finding the right harmony is all about prioritizing what matters the most to you and learning to carve out precious moments for reflection. 

In this episode, I talk about some of the key myths about work-life balance. Setting boundaries that draw a line between personal time and career obligations can help you get better results.

Finding the balance between work and home life is no easy feat. With ever-growing expectations, more demanding workloads, and the never-ending hustle of modern-day living, it’s difficult to carve out time to do the things we enjoy while still achieving our professional goals. 

Even if you feel like you have your balancing act down pat, chances are you’re surrounded by myths about work-life balance that can mislead or misinform what success in this area actually looks like. Let’s debunk those myths in this episode…

IN THIS EPISODE, YOU’LL FIND OUT…

  • Is it possible to completely balance your work and your personal life? (00:37)
  • How to integrate work activities into the life that you want to have (01:23)
  • Is work-life balance only for people with demanding jobs or demanding families? (02:36)
  • Why you should take time for your personal life (04:33)
  • Does technology makes it easier to balance work and personal life (05:40)

QUOTES

“Life is for living today.” -Carl Taylor

“Leverage technology, but don’t believe it’s actually allowing you to balance or integrate your work and life together.” -Carl Taylor

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Wealth

049:  Master Your Business Finances

If you’re an entrepreneur, one of the most important aspects of your business is finance. After all, if you’re not comfortable with keeping track of your income and expenses, how will you ever be able to grow and expand? 

But mastering business finance can seem complicated at times—especially when dealing with daunting paperwork and taxes. Don’t let this deter you from achieving success! 

In this episode, I talk about how you can master your business finances. Whether you’re a budding entrepreneur or a seasoned business owner, if there is one thing that we all need, it’s the importance of mastering our finances. 

Knowing how to manage your business finances can be overwhelming – especially when you don’t know where to begin – but gaining an understanding of your financials is absolutely essential if you want to create and maintain long-term success. 

Tune into today’s episode to learn more about how you can master your business finance.  

IN THIS EPISODE, YOU’LL FIND OUT…

  • The power of having multiple bank accounts (01:34)
  • How to apply the profit-first mentality (03:07)
  • The bank accounts you must have (04:42)
  • Action steps to get started in mastering your business finances (07:11)

QUOTES

“Your cash flow will determine whether you survive as a business, or you die.” -Carl Taylor

“You cannot look at your business bank account as your own personal piggy bank.” -Carl Taylor

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship Wealth

048: What is Financial Freedom?

Financial freedom is something that many people want. But what exactly is financial freedom, and how can it be achieved? Many people are looking for answers to these questions, but there is no simple solution. 

Financial freedom doesn’t happen overnight. Like any worthwhile endeavour, achieving financial freedom requires careful planning, dedication and hard work. It entails building a business where you can generate a reliable income stream so you can live comfortably without worrying about money.

In this episode, I talk about what financial freedom is. I share the three levels of financial freedom and what you can do to reach each. I also provide some practical tips on working towards achieving your financial goals. 

By understanding financial freedom, you can start taking steps to reach your goals and build a secure future for yourself. So, if you are looking for ways to achieve financial freedom, this episode is perfect for you. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • The three levels of financial freedom (00:29)
  • What is critical mass, and why is it twice your expenses? (05:39)
  • Why you should keep spending your money (07:21)

QUOTES

“Spending money on lifestyle costs is good for the economy.”

“If you’re just hoarding money and wealth, that does nothing.  It’s not productive and does nothing for the greater good of humanity.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Personal Development Wealth

047: Can Money Make You Happy?

Money can create comfort and convenience, but can money make you happy?  To be truly content with your life, you must build something of lasting value – a business that brings joy to yourself and others. 

Building an enterprise is no easy feat; it requires passion, commitment and often sacrifice. Yet the rewards can be great. You craft something valuable for the world, gain financial stability and establish a sense of pride in your achievements while developing invaluable skills.

In this episode, I share why money won’t make you happy. Money is not a measure of your worth, it is simply a tool that enables us to make choices in life. By growing your business and understanding how to make money, you can have more life options, allowing you to live your life on your terms.  

IN THIS EPISODE, YOU’LL FIND OUT…

  • Things you can’t do without money (00:14)
  • Money is a neutral tool – but what does this mean? (00:53)
  • You may need to change your mindset about money (01:20)
  • How to create more money (02:31) 
  • What will truly make you happy (03:18)

QUOTES

“Don’t be afraid to make money. But don’t think that making more money is what will make you happy.”

“Happiness is choosing to live your life on your terms.  And money provides many more options.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Personal Development Wealth

046: Should I Quit My Job and Start a Business?

Have you been asking yourself, “Should I quit my job and start a business?” 

Maybe you’ve been researching how to turn these thoughts and dreams into reality but don’t know where to begin? 

Starting a business isn’t easy – it takes hard work, dedication and a willingness to take risks. However, with an arsenal of information on how to start your company and make it a success, the journey doesn’t have to be as daunting as it may seem. 

In this episode, I’ll share some thoughts and questions you need to ponder before launching your business, and some of the steps to take to get it off the ground and onto a path of success. 

I also discuss key strategies for sustaining growth over time and ensuring you’re consistently growing and improving your business.

Indeed, starting a business is an exciting adventure – and with the right preparation, you can make your startup dreams a reality. So hit play and let’s start the raw and real conversation about deciding if going into business is right for you.

IN THIS EPISODE, YOU’LL FIND OUT…

  • How much money do you need to invest in a business? (02:03)
  • Buying a business versus starting a business (02:42)
  • How much time do you need to put into growing a business? (04:42)
  • What is your ideal business model? (06:22)
  • What commitment is required to make a business work? (09:25)
  • What I would do if I were in your situation (13:55)
  • What to do if you don’t have enough money to start a business (16:02)

QUOTES

“Sell your time because time is what you have the most of if you quit your job and start a business.”

“You need to know what you’re prepared to do.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship

041: Is Complexity In Your Business Stopping Growth?

Do you ever feel like your business is weighed down by operational costs that just aren’t serving it? Has growth created complexity in your business?  

If your business is feeling sluggish and weighed down by high and unnecessary running costs you could be feeling what I call, business bloat. As time passes what we once needed isn’t necessary anymore or different parts of the business just aren’t performing as they should.  

In this episode, I talk about what bloat looks like in business and how to identify and remove some of the factors that cause it. I also breakdown different ways you can promote a bloat-free culture in your organisation. 

Listen in to get tips on stopping your business from having excessive costs and how to stay focused on the big picture. I hope this episode will help you make your business more streamlined, efficient, and successful! 

IN THIS EPISODE, YOU’LL FIND OUT…

  • What does bloat look like in your business
  • Why it’s important to keep your business as simple as possible (00:26)
  • Possible areas for your business (01:12)
  • Things you may be paying for that you don’t actually need (05:23)

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship

034: Roadmap To A $1bn Business

Roadmap_to_a_$1bn_Business

How do you build a billion dollar business? 

A question lots of entrepreneurs ask. 

When companies enter a new growth stage, they must essentially become a new organization. The things that made it successful at the beginning may not be the same things to successfully take the organisation to the next stage. 

In this episode, we delve into the different stages of building a billion dollar business. What to focus on at each level, and the challenges business owners face at each level.  

Building a billion dollar business is definitely hard work but it is possible. By breaking the journey into stages, the process becomes more comprehensible and attainable. 

IN THIS EPISODE, YOU’LL FIND OUT…

  • Stages you go through in building a $1B company (6:00)
  • It’s not a linear process (6:22)
  • Fear of progress (11:30)
  • Just building a business is exciting enough (13:00)
  • Switching your thought process to protectionism (16:50)
  • Where focus goes, energy flows (17:55)
  • ($0 to $1 million): Prove the Idea (21:33)
  • ($1million to $3million): Prove the product (22:33)
  • What is it that the clients really need? (24:00)
  • Narrowing down your product before scaling (24:48)
  • ($3 million to 10 million): Proving the market (25:09)
  • Six human needs (30:11)
  • How to grow and level up (33:00)
  • ($10 million to $30 million): Prove the business model (35:00)
  • ($30 million to $100 million): Prove the vision (38:38)
  • ($100 million to $300 million): Prove the industry (40:05)
  • ($300 million to 1 billion): Prove the company (41:15)

RESOURCES

WHERE YOU CAN FIND US

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

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? Have a topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

Categories
Business Growth Entrepreneurship

030: Increasing Customer Engagement in a Subscription Service Business

Customer-Engagement-in-a-Subscription-Service-Business

The law of nature is that value diminishes over time for most things. 

In a subscription service business, how can you make sure that your services are valuable enough to become an intrinsic part of your customer’s business? How do you ensure that you are valuable to your client over a longer period of time? 

If you have a subscription service-based business and are looking for ways for your customers to stay longer, this is a great episode for you. 

Let’s dive in.

IN THIS EPISODE, YOU’LL FIND OUT…

  • Chasing clients for content as a subscription-based business (2:39)
  • Challenges of subscription-based businesses (5:30)
  • The balance of value-exchange (6:30)
  • How to increase customer engagement (7:11)
  • How to become an intrinsic part of your customer’s business (8:22)
  • Diminishing value over time (8:40)
  • The pain of disconnect (10:22)
  • The importance of the perception of clients (13:30)
  • Connecting with client’s perceptions (15:20)
  • It’s all about relationships and connections (16:53)
  • Developing the people in the business as humans (17:20)
  • Intimacy and vulnerability (18:10)
  • Building trust (19:00)
  • Creating a culture of vulnerability (21:10)
  • Building empathy (21:58)
  • Emotional awareness of self (21:25)
  • Finding the balance of reaching out to clients (24:45)
  • Processes and systems as your business grows (34:08)
  • Lead magnet ideas (41:00)

RESOURCES MENTIONED:

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

WHERE YOU CAN FIND US

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

PETER MORIARTY
iTGenius
LinkedIn
Facebook
Twitter

Like this episode? Have a topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below.