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The Mind Your Business Podcast

Episode 715: How to Diagnose and Solve ANY Problem in Your Business, Part 1

The Mind Your Business Podcast

James Wedmore

Entrepreneur, Business, Businessmindset, Entrepreneurship, Entrepreneurialmindset, Management

4.81.8K Ratings

🗓️ 23 September 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

As an entrepreneur, facing challenges in your business isn’t just likely – it’s inevitable! That’s why one of the most critical skills for success is learning how to effectively diagnose what’s not working. By getting to the root cause of issues, you can make informed decisions that drive your business forward.

In this episode, I reveal how to start diagnosing and solving the problems you’re facing, introducing you to the three levels where a problem can exist. One of these levels, if not more, is likely a blindspot for you, making this episode essential as we approach the final quarter of the year.

Be sure to join me next week for Part 2, where we dive even deeper into analyzing numbers and specific examples. Don’t forget the homework I assigned at the end of this episode – I’d love to see what you come up with! Snap a screenshot of your “train” (it’ll make sense once you listen!), share it on your Instagram Stories, and tag us, @jameswedmore and @jeunejenni.

In this episode you’ll hear:

  • Why understanding what’s happening in your business is crucial for diagnosing future issues, even if nothing seems wrong right now

  • The three levels where a problem may exist in your business

  • How I evaluate the macro level and the key metrics that measure your business model’s success

  • The metric used to diagnose the effectiveness of your business machine at the micro level

  • How the third piece, the mind level, offers immense growth potential despite any discomfort it may cause

  • A homework assignment designed to prepare you for next week’s episode

For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/715

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to the mind your business podcast.

0:03.0

In today's episode, I'm going to show you how to diagnose and solve any problem that happens in your business.

0:11.0

So, stay tuned. I've built my business to over 12 million dollars in sales per year and this is the first

0:27.0

non-business business podcast that shows you how to apply the principles of spirituality, energy, and mindset to grow your business beyond

0:36.1

your wildest dreams, all from the inside out.

0:41.1

This is the Mind Your Business Podcast.

0:44.0

What's up everyone, James Wedmore here.

0:48.0

Thank you so much for tuning into another episode here on the Mind Your Business

0:50.9

Podcast.

0:51.9

You're stuck with just me this week.

0:54.0

No Jenny, and she is so sweet.

0:56.2

It is actually my birthday next week, and she's

1:00.0

planned this whole amazing birthday.

1:02.6

A ton of friends and family are coming out.

1:04.8

And I said, hey, I'll go ahead and record the episode

1:08.0

for this week.

1:08.5

So we don't have Jenny again this week.

1:10.6

But you got me. We're actually very excited. We are building our podcast studio on the property this week.

1:18.0

We've worked with this amazing company called Bunky Life, Bunky Life. Bunky Life.

1:23.5

And they sell adult LEGO, basically.

1:26.4

It's like adult LEGO Lincoln Log kits

1:29.2

for building little tiny homes, little 80Us, and for us a podcast studio so we're actually building a

...

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