Donald Miller on How To Make Your First Million in Business | YAPClassic

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Business, Marketing, Entrepreneurship

4.8 • 1.5K Ratings

🗓️ 31 January 2025

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Donald Miller once lost all of his life savings to a bad investment. But after he decided to start taking 100% ownership of his life and business, everything changed. In this episode, Donald is back on YAP to focus on how to grow a small business! Donald will explain why we should think of our business as an airplane and why most small businesses today are failing. He will also break down how we can get ahead of missteps as business owners. In this episode, Hala and Donald will discuss: (01:00) Introduction (02:27) Donald Miller's Journey from Failure to Success (04:48) Understanding the S-Curve in Business (10:27) The Airplane Analogy for Business Structure (20:14) The Importance of a Clear Mission Statement (30:48) The Reality of Business Ownership (32:15) Core Values: The Backbone of a Strong Team (33:31) Key Characteristics and Critical Actions (35:32) The Three Essential Leadership Personalities (38:04) Making the Customer the Hero (46:49) The Power of Story in Sales (51:51) Integrity in Business Donald Miller is the CEO of StoryBrand, an agency that has helped more than 10,000 organizations clarify their brand message, and Business Made Simple, an online platform that teaches business professionals everything they need to know to grow their business and enhance their value on the open market. Donald is the host of the Business Made Simple podcast and the author of the bestsellers Building a StoryBrand, Marketing Made Simple, and Hero on a Mission. His book, How to Grow Your Small Business, provides a proven 6-step plan for growth so you can stop drowning in the details. Resources Mentioned: Donald’s Podcast Business Made Simple: youngandprofiting.co/3Eia9oJ Donald’s book How to Grow Your Small Business: A 6-Part Strategy to Help Your Business Take Off: youngandprofiting.co/42ygiHi Episode Sponsors: OpenPhone - Get 20% off 6 months at openphone.com/PROFITING Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services - yapmedia.com Transcripts - youngandprofiting.com/episodes-new All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. Career & Entrepreneurship Career, Success, Entrepreneurship, Productivity, Careers, Startup, Entrepreneurs, Business Ideas, Growth Hacks, Career Development, Money Management, Opportunities, Professionals, Workplace, Career podcast, Entrepreneurship podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome back, young and profitors.
0:13.5	Have you ever wondered what separates successful small businesses from those that struggle to gain traction?
0:19.4	Today on Yap Classic, we're showcasing an interview I did
0:22.0	with Donald Miller, the host of the Business Made Simple podcast, as well as a best-selling author
0:27.1	and CEO of Story Brand. In this episode, we unpack the secrets of building a thriving
0:32.7	entrepreneurial venture. This conversation was back in 2023. It was the third time that Donald came on the show,
0:39.6	and he had so many incredible tips for building out a small business. We talked about everything
0:44.5	from crafting the perfect mission statement, when to be financially transparent with your team,
0:49.9	and why most businesses fail today. He also explained why you should think of your business as an airplane.
0:57.5	Okay, gang, make sure your seats are back and tree tables are in their full upright position
1:02.1	because this episode is about to take off.
1:07.7	So Donald, my team tells me your new book, How to Grow Your Small Business, has already
1:12.4	sold more copies in a pre-sale than any other book that you've ever written.
1:16.7	So that's incredible.
1:18.0	And I think it's a hot topic, right?
1:20.2	The economy is not doing so well.
1:21.8	I think a lot of businesses are struggling.
1:23.9	So let's begin there.
1:24.9	Why are so many small businesses failing?
1:27.4	Well, I'll tell you how it all started for me, and it started with failure.
1:31.4	So failure is only a bad thing if you let it take you down.
1:34.5	But if you let yourself learn from it, you can get somewhere.
	...

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