4.8 • 705 Ratings
🗓️ 10 July 2020
⏱️ 70 minutes
🧾️ Download transcript
Paul Maskill is the host of the Business Owners Freedom Formula Podcast. He is a true-blue entrepreneur with years of experience in owning and running companies. He also successfully sold his last company. Building a $500,000 service business while putting it on auto-pilot and keeping his freedom—a feat that not many entrepreneurs can claim—is among Paul’s career highlights.
In this episode, we talked about finance, management, entrepreneurship, small business survivability...
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0:00.0 | many times most business owners, they just wake up every morning and they put their firefighter |
0:04.3 | hat on and it's like, okay, what's coming at me today? And I'm going to go put that out. And I was kind of |
0:09.3 | the same way because I didn't know really any different. And I see a lot of business owners do the same |
0:13.0 | thing. So for me, the best way to start focusing on what actually matters and getting really |
0:18.2 | productive is getting really clear on your vision. Why did you start your business in the first place? |
0:22.6 | We had all these hopes and dreams and then within a couple weeks, a couple months |
0:25.6 | and running our business, those are like gone out the window and it's kind of survival mode. |
0:29.6 | But if we don't have a clear destination, we don't really know what we should be working on anyway. So that's really where I start with everybody, you know, whether it's |
0:38.0 | businesses that I run or businesses that I've invested in or businesses that I'm coaching is, |
0:42.3 | where do you really want to go? What does your ideal life look like? Where are you spending your time? |
0:47.3 | You know, what are you doing? Are you traveling? You playing golf, spending more time with your kids, |
0:50.4 | whatever it is. And then how much money do you actually need to make that happen? And |
0:54.7 | when we get really clear on that dollar amount, it starts to take the emotion out of business |
1:00.8 | decisions. Because so many times we as business owners, we just say, I think this is what we should |
1:05.5 | be doing. And instead, let the numbers dictate what you should actually be doing. So if you know |
1:10.1 | exactly where you want to go personally, |
1:12.4 | then you just figure out what type of business do I actually need to build |
1:15.1 | to actually make that happen. |
1:17.1 | Welcome to the Home Service Expert, |
1:19.6 | where each week Tommy chats with world-class entrepreneurs and experts |
1:23.4 | in various fields like marketing, sales, hiring, and leadership to find out what's really behind |
1:29.8 | their success in business. Now, your host, the Home Service Millionaire, Tommy Mello. |
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