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FLF, LLC

Ep. 124 - Value-Growth Mindset [Business Makers]

FLF, LLC

FLF, LLC

News

4.7956 Ratings

🗓️ 2 October 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

The fundamental framework – the mindset – that ought to drive all of our actions as we work in and on the business is the Value-Growth Mindset. The Value-Growth Mindset is caring to make people’s lives better. Progress and innovation moves forward because people do good for other people. A business is the tool we use to deliver not just value, but growing value, to our customers.

Transcript

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0:00.0

Hello and welcome to Business 300.

0:02.0

My name is Philip Kulenshov and this is 300 seconds about business.

0:10.0

We're all a busy people. My name is Philip Kulachov and this is 300 seconds about business.

0:13.4

We're all a busy people, so I'm five minutes or less to get my point across.

0:16.7

Here comes another valuable five minutes, I hope.

0:25.0

As I've said many times, including the last episode,

0:28.0

the goal of a business is to deliver value to a customer.

0:31.0

Valu's the goal.

0:32.0

In this case, value is what the recipient determines to make

0:35.3

his life better. So with that goal, what kind of a mindset ought a business owner or manager

0:40.6

have when seeking to deliver value?

0:43.1

What should be the fundamental framework in our perspective as business managers when we're

0:47.3

doing our work building and managing the business?

0:50.1

The fundamental framework, the mindset that ought to drive all of our actions as we work in and on the business is the value growth mindset.

0:57.0

We aim to grow the value that our business offers and provides to the customers.

1:01.0

This requires us to care about making people's lives better.

1:05.0

That's the value growth mindset, caring to make people's lives better.

1:09.1

Care for people is inseparable from the sphere of business. No matter what the business is, for it to be a legitimate business, it must care for people.

1:17.2

That's because people are the recipients of the value the business is providing.

1:21.2

The value growth mindset is focused on the person for whom I'm providing value.

1:24.9

Jeff Bezos calls this customer obsession. In order for a business manager to be successful

1:29.8

in his pursuit of delivering value to a customer, he must care about that customer and care about

...

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