Path to Profit: Lessons From Growth-Driven Business Leaders

It's an age-old adage: Employees don't quit jobs - they quit managers. The question becomes: what makes a successful manager? We weighed in with an expert. Kate Braun, Managing Partner at Manager Tools, shares her formula for successful management (and the science behind it) on this episode of Path To Profit. Kate's story with Manager Tools dates back to 2006, where she was started as an intern. She's returned to be a Co-Managing Partner to help other leaders become effective & productive managers through communication. We Discuss: The difference between Leadership and Management How to be an effective and productive leader The behaviors of successful managers The 4 things you can do to create results from retention and why you should measure it How to build trust with your people How to build a non-fearful environment for your people The secret to effective feedback The difference between Coaching and Performance Reviews The rule of thirds in your 1 on 1's Make sure to follow us on Twitter/Facebook/LinkedIn at @GrowthForce & Instagram at @GrowthForceHQ!

Every business leader knows by now LinkedIn is one of — if not the — most effective social networks for expanding your brand. But how do you know your sales team is taking full advantage of the platform? We asked an expert. This week, Stephen King weighs in with Intero Advisory Founder and CEO, Colleen Mckenna. As the leaders of LinkedIn branding, sales, and recruiting enablement, Colleen shares her four pronged approach in social selling and on how to make your business stand out through the digital noise. Not only do we tap into Colleen expertise on navigating LinkedIn, but she shares her own journey of building her profitable consulting business from her dining room table. We Discuss: How her love and passion for technology, marketing, and business development helped her build her business. Her LinkedIn sales secrets & the 4 paths of social selling. Her steps for how she went from a HubSpot shop in her dining room to a business with 700K in revenue. The gap she sees between recruiting and LinkedIn. Her “surround sound” method to find a channel of communication with a prospect. Why more often than not, women are underselling themselves on LinkedIn. Her internship with Oprah. Make sure to follow us on Twitter/Facebook/LinkedIn at @GrowthForce & Instagram at @GrowthForceHQ!

For most business owners, the world of M&A can feel like the wild west. But this isn't Aldridge's first rodeo. Aldridge CEO, Patrick Wiley & President, Bryan Gregory share the mic this week on Path To Profit. As a nearly 4 decade old business, this MSP company has has been through it all- from changes in leadership, M&As, and industry shifts. Patrick & Bryan share the lessons they've learned along the way as they've grown their business through M&As. We Discuss: The history of Aldridge's 38 years in business and how they found their niche. What steps they took to grow to their business to $24 million in revenue. Why you can't sell- or BUY- your way to profit. How to successfully navigate a change in industry Their biggest business mistake. How changing strategy can be your biggest asset. Why it's important to constantly help your people grow. Cyber security measures you should be implementing. Make sure to follow us on Twitter/Facebook/LinkedIn at @GrowthForce & Instagram at @GrowthForceHQ!

Every CEO's story looks different. But David Snyder's journey to becoming CEO of SmartAcre is particularly miraculous. Tragedy struck and David was thrown into his current position. Despite challenges, David was able to turn SmartAcre into a fast growing, profitable business - 29% to the bottom line to be exact! How did he do it? David shares the 3 phases he stands by that helped him turn his business around. We Discuss: How he took the reins after a tragedy left him with no other choice- and the 3 phases on management attributes to his success. The importance of correcting fragmented core values. How to lead a “people first” culture. Tips on avoiding zoom burnout . The importance of trusting your leaders. Why having “connectivity time” with your employees is important, even if you're 100% remote. Make sure to follow us on Twitter/Facebook/LinkedIn at @GrowthForce & Instagram @GrowthForceHQ!

From finding innovative environmental solutions to tragedies such as the Gulf Coast oil spill, to growing a service business to $50 million in top-line revenue, Laurie La-Pat Polasko, Vice President at Matrix New World Engineering, is not your average businesswoman. Taking her scientific background and a life-long passion, Laurie ventured into the business world with a unique perspective that made her the successful leader she is today. In this episode, we discuss: The number #1 most profitable skill a business leader can possess. The secret to having a highly profitable business (it may not be what you think it is!) Interviewing tips to look for the team players. Laurie's journey and how her life-long passion contributed to where she is today. Make sure to follow us on Twitter/Facebook/LinkedIn at @GrowthForce & Instagram @GrowthForceHQ!

Visit this show online at www.growthforce.com/podcast.  Follow us on social! Twitter: www.twitter.com/GrowthForce  LinkedIn: www.linkedin.com/company/growthforce  Facebook: www.facebook.com/GrowthForce  Five years ago, ESG was stable. It was profitable, but it was not growing. When Michael Harnum first joined the company as CEO, his first order of business was to find out why. Since that fateful moment, ESG has gone from a struggling startup to a high growth company with $10 million in top line revenue and $3 million in bottom line profits. In this episode, Michael shares how he turned the company around. We discuss: Finding the right market for your company The importance of standardizing scope and fees Making your leading and lagging indicators work for you Hiring and onboarding the right people for remote work For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast.  Follow us on social! Twitter: twitter.com/GrowthForce  LinkedIn: linkedin.com/company/growthforce  Facebook: facebook.com/GrowthForce  Most business leaders focus on the bottom line—the one that measures a company's profits. But there's another bottom line you should be focusing on and that is the triple bottom line—the one that measures a company's impact. In this episode, host Stephen King shares some tips on how you can raise more money and drive more impact in an organization. Whether you're involved in a nonprofit or know someone who is, you'll find value in listening – because for-profit businesses should be run like the best nonprofit organizations, and vice versa. Steve explains: How to beef up an individual giving program Why you should implement donor impact statements Why you should convert your annual donors to monthly givers Download our Nonprofit Ebook to help you raise more money and stay on the lookout for our On-Demand Webinar: Nonprofit Challenges In A New World (eBook)  For more episodes like this one, find us on Apple Podcasts, Spotify, or our website.  Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast.  Follow us on social! Twitter: www.twitter.com/GrowthForce  LinkedIn: www.linkedin.com/company/growthforce  Facebook: www.facebook.com/GrowthForce  It's the question that has been on every CEO's mind over the last 18 months: How do you maintain your workplace culture in a hybrid world? This is one of the biggest challenges businesses are facing as a result of the pandemic. According to Michael Weiss, VP of Creative Circle and my guest on today's episode, the silver lining is that the pandemic has also given us a degree of empathy that we simply lacked before — and that empathy can and should inform how we approach this challenge moving forward. In this episode, we discuss: Maintaining culture in a hybrid world Engaging prospects with stories that differentiate Using digital marketing tools to be where your clients are Contact Michael at mweiss@creativecircle.com.   For more episodes like this one, find us on Apple Podcasts, Spotify, or our website . Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast.  Follow us on social! Twitter: www.twitter.com/GrowthForce  LinkedIn: www.linkedin.com/company/growthforce  Facebook: www.facebook.com/GrowthForce  In the world of doggie daycare, the COVID shutdown should have been an economic disaster. With everyone now working from home, it seems inevitable that daycare services would decrease in demand. But that wasn't the case for Kathy Miller, President of Dogtopia - South Bay. In fact, her company not only weathered the storm but actually doubled its profits during the pandemic. In this episode, she shares the story of the pivot that made it all possible. We discuss: The giveback business model Going after the right customers Strategies for finding passionate employees Having a family plan, in addition to a business plan Sponsoring a service dog Learn more about the service dog program by emailing Kathy at kathy.miller@dogtopia.com or by visiting dogtopia. com/torrance-south-bay.    For more episodes like this one, find us on Apple Podcasts, Spotify, or our website . Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Running a Nonprofit and running a for-profit have more similarities than you may think. Everybody's goal is to at least break even, and at best- have a surplus at the end of the year. That's why nonprofits can learn a lot, in terms of how to effectively raise money and generate profits, by studying the best for-profit businesses, and vice versa. In this Nonprofit-focused episode, Jennifer Lehman, President & C EO of Mission Advancement, shares the best practices any nonprofit can take from the for-profit world and the most effective strategies for fundraising. With many business owners being on the boards of nonprofits, this is an important lesson for any leader. We discuss: Why your best donor is your current donor Overcoming the fear of fundraising during difficult times The science and art of raising money Best practices for managing fundable programs For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce There's a fine balance between investing generously in your product and effectively managing your margins. The key is to find a happy medium between funding a quality product that makes your clients happy (and attracts new ones) and generating enough profit to grow. Anson Sowby, CEO & Co-Founder at Battery ,shares how his company navigated these waters en route to generating $10 million in revenue with a 20% profit margin. We discuss: Balancing the quality of the product with the quality of the margins Making finance a priority from the beginning Focusing on growing existing customers rather than chasing new ones Realizing that you work for your employees, not your clients For more episodes like this one, find us on Apple Podcasts, Spotify, or our website . Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce When you decide to purchase a restaurant franchise, you're given a book on how to run it effectively. It breaks down how to approach marketing, handle finances, and run operations. But when you're an entrepreneur opening up your own business, no such book exists to guide you along the path to profit. Today's guest set out to write that playbook. In this episode, I chat with Jeff Chastain, Founder and Business Transformation Coach at Admentus, Inc., about the lessons he learned from building a business and how he codified them into processes for other companies to follow. He shares: The mistakes made while building his first company Why culture is so important to hiring well How EOS can help companies stay on track Why leading indicators are so important Listen to Jeff's podcast Building to Scale. For more episodes like this one, find us on Apple Podcasts, Spotify, or our website . Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social!Twitter: www.twitter.com/GrowthForceLinkedIn: www.linkedin.com/company/growthforceFacebook: www.facebook.com/GrowthForce Early on, many entrepreneurs learn the important lesson of making the business less about them, and more about the mission. For today's guest, Jacky Fischer, CEO of 3 Men Movers, that was exactly the mindset shift that sparked tremendous growth for her company. During this episode, Jacky shares the lessons she learned on her journey to building a $40 million business. We discuss: - Putting the mission and vision of the company at the center - Working towards true accountability - How the manifesto informs her company's culture - Why the way to run your business is the opposite of what you think Check out these resources we mentioned during the podcast: - Jacky's book is The Growth Paradox: The Way to Run a Business is Opposite of What You Think. For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce In 2020, you were doing $100 million in revenue with 250 employees. But then, your revenue dropped to $20 million, and you could only keep 38 employees (most at 25% of their salaries). Right after an acquisition, too. Just a year later, you've recovered to $45 million (that's 250% bounce back), and many of your employees have returned. This is the experience of today's guest, Ray Pekowski, Owner at The Expo Group, a 30-year-old company that's chosen to act like a startup to recover its growth. In this episode we discuss: - Digitization, outsourcing, tax credits, and other resources and strategies that saved the business - How thinking like a startup has shaped the recovery plan - The importance of culture, hiring, and servant leadership - Stock appreciation rights (SARs)/phantom stock Check out these resources we mentioned during the podcast: - Ray's book is Lessons of an Entrepreneur - The Expo Group also shares a ton of resources For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at growthforce.com/podcast. Follow us on social! Twitter, LinkedIn and Facebook: @GrowthForce It's strange to hear a five-time Inc. 5000 lister talk about down periods. But his company didn't start becoming profitable for the first five years, easily. What changed? EOS. In this episode, I interview Steve Thies, CEO at Integrated Biometrics, about how persistence and EOS led him to a success that only 3% of companies can boast. What we talked about: - The origin of his company and the pain of long sales cycles - How he arrived at cash-flow positive - All things EOS (Wickman's Traction is a must-read) - His predictive model for his company's financial success - Value prop and persistence For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at growthforce.com/podcast. Follow us on social! Twitter, LinkedIn and Facebook: @GrowthForce How do you make decisions based on financial statements? For that matter, how do you communicate the content of financial statements so that others can make sound decisions? Join us for a discussion of the art and science of financials. In this episode, I interview Chris Williams, President and CEO at Rocaceia LLC, about how financial statements inform his business strategy. How to Use Financial Statements to your businesses' advantage What we talked about: - The business model he uses and why - Building financial statements that matter - Using visuals to communicate financial data - Monthly averages, quarterly averages, and the importance of even $250 For more episodes like this one, find us on Apple Podcast, Spotify or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social!Twitter: www.twitter.com/GrowthForceLinkedIn: www.linkedin.com/company/growthforceFacebook: www.facebook.com/GrowthForce You're the CEO of a mid-sized company, and you do a great job with the process of running the business. The thing you may not have a great handle on is growth. In this episode, I interview my longtime friend Art Saxby, CEO and Founder at Chief Outsiders, about how he took less than $2K and an interest in QuickBooks all the way to the largest strategic growth implementation company. What we talked about: - Setting a vision and creating culture based on strategy - The need to rely on data & how to use it - The difference between accounting and bookkeeping - Keeping “why growth is important” at the forefront of your business Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce To learn more about Robin: LinkedIn Robin Stalanad, Master Chair at Vistage International, is a force to be reckoned with. She's been a Vistage Chair for more than 15 years, and is a six-time award winner, putting her in the top 20 Vistage Chairs out of over 700 in the United States. In this episode, Robin sits down with our host Stephen King to discuss how companies view their metrics, what impact that makes on their business, and how tracking their KPIs allows them to make data-driven decisions. What we talked about: - The success stories she's seen in her 15+ years as a Vistage Chair - The mindset of a CEO when they start looking at their scorecards. - The trailing 12 months report and why it's so crucial - Why raising your prices might just save your business - How companies view their metrics - How tracking KPIs allows companies to make better data drive decisions For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Sid Trivedi, Partner at Foundation Capital, has a superpower. It's his vast customer network matched with his high levels of cybersecurity. In this episode he shares his insight on how he uses his superpower to help B2B businesses navigate their path to profits. What we talked about: - The importance of your first 10 customers - Pattern mapping - Stages and levels of sales hires - Protecting your business against cybersecurity attacks - Smart money vs. dumb money - Focus on valuation - Lessons learned Check out these resources we mentioned during the podcast: - Sid Trivedi is Partner at Foundation Capital - Find Sid on Twitter For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Stephen King, President & CEO at GrowthForce, breaks down pricing metrics and the importance of “keeping score” by measuring the top line, the gross profit line, and the bottom line. What we talked about the 5 most important metrics of every business: - Total revenue dollars - Gross profit dollars - Gross profit percent - Net income dollars - Net income presented Check out these resources we mentioned during the podcast: - GrowthForce website For more episodes like this one, find us on Apple Podcasts, Spotify, or our website. Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Today's guest started a staffing business out of his dorm room in medical school and didn't see any profit for seven years. He thought it was his hobby that paid for med school bills, but then he made Inc. 500 and drew in $15 million in revenue. In this episode, I interview Dr. Matt Kolinski, Founder & CEO at USA Staffing Services and author of Work-Passion-Life Balance, about his entrepreneurial journey. What we talked about: - Matt's early business mistakes & how he learned from them - The maturing of a company as compared to life stages - How to know if your company is healthy - Crafting an outstanding employee experience Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce I'm joined by Matthew Polega: Cofounder, Head of Communications & Public Policy at Mark43, a company bringing cloud-first data-driven technology to public safety use. Matt and I discussed: - His experience in Engineering Science - Lateral thinking in public safety models - Public safety technology - Using customer voices to further develop a business - Software multi-tenancy - Investor relations at Mark43 - The significance of making certain mistakes - Culture by design (how they use core values) - Unit economics - Spending money to make money - That you can't ‘save' your way to profits - Investing in people We mentioned these resources, which you can check out at any time: - Matthew Polega's LinkedIn profile - Mark43's website - GrowthForce's website - Matthew Polega on Twitter Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at: growthforce.com/podcast Follow us on social! Twitter: twitter.com/GrowthForce LinkedIn: linkedin.com/company/growthforce Facebook: facebook.com/GrowthForce Your core values should dictate all of your hiring, coaching, and firing decisions. And all of your payment decisions should be based on cost of replacement. Intrigued? Listen to a headhunter about how to keep your people. In this episode, I speak with Jeremy Jenson, CEO at Encore Search Partners, about EOS, PEO, and how to treat your employees so that leaving never crosses their minds. What we talked about: - Viewing your people as an asset, not as an expense - Developing your core values based on your last 10 fires - Hyper niching out & narrowing focus - How not getting a raise spurred Jeremy to entrepreneurship Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at www.growthforce.com/podcast. Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Cash flow is the lifeblood of every business. Let's dive into the impact of pricing on cash flow. In this episode, your host Stephen King, President & CEO at GrowthForce, walks you through why and how to price your jobs to raise your cash flow: What you'll learn: - Understanding the fully loaded labor cost - Establishing a gross profit per team field in your accounting system - Identifying which clients are most profitable (probably not your biggest client) - Why discounts are so damaging to cash flow Listening on a desktop & can't see the links? Just search for Path to Profit in your favorite podcast player.

Visit this show online at https://www.growthforce.com/podcast... Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce A lot of people think that a software or service is done once it's developed. But innovation is never done. If you want to be a strategic ongoing partner for your customers, you have to continuously meet their expectations. You have to continuously execute ideas. You have to continuously deliver. In this episode of Path To Profit, Stephen King talks with Micah Brandenburg, Founder of Micah Brandenburg Consulting, to discuss the EOS business framework, and how this subscription-based delivery model built around the concept of traction can help your business grow. Micah also explains: - How to reverse-engineer your strategy starting with business outcomes - Three important aspects of exit planning - The 6 areas of the EOS framework broken down - How to move from being a project oriented company to a company that goes to recurring revenue

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Writing down goals increases the likelihood of success by 82%. It lets everyone on your team know what you're aiming for, and helps you increase alignment. In this episode of Path To Profit, Stephen King talks with Emily Hak, District Manager at Insperity, about how leaders can set their teams up for success through the simple act of writing down and cascading written goals in their business. Emily also explains: - How to motivate disengaged employees. - How to translate a company goal into individual goals. - A simple formula for creating goals that challenge employees.

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Moshe Vaknin increases the profitability of his clients by helping them get the most valuable users for their apps. By narrowing down his service to its unique selling proposition and concentrating the focus of employee's energy around a single simple unifying effort — in this case, customer retargeting — he's made his own unique path to profit. In this episode of Path To Profit, Stephen King talks with Moshe Vaknin, Founder & CEO at YouAppi, about the decisions he made in his business that helped him increase profitability and growth. Moshe also explains: - How YouAppi's services help brands grow their business. - What drives growth for YouAppi's profitability. - What remarketing is and the role AI plays in retargeting. - How to narrow focus to differentiate your product. - The value of a returning customer.

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce What could company culture look like if leaders were really great meeting facilitators? What could businesses look like if their people really loved meetings? You might be thinking, “Nobody loves meetings...” But there is a way to infuse meetings with more joy to create a more connected culture and efficient workflow. In this episode of Path To Profit, Stephen King talks with Douglas Ferguson, President at Voltage Control, about how leaders can use meetings to increase the productivity of their people and the profitability of their business. Douglas also explains: - What leaders are doing wrong when it comes to meetings - How to create psychological safety for your employees - How to make meeting environments more joyous - How joyous meetings increase productivity

Visit this show online: https://www.growthforce.com/podcast  Follow us on social! Twitter, LinkedIn, Facebook: @GrowthForce Cash flow is the lifeblood of every business. So if you have billing, collections, or pricing problems, your business will suffer. Cash flow issues can be difficult, even annoying to manage, but at the end of the day it's a lot easier to maintain than repair. In this episode of Path To Profit, host Stephen King makes the cash flow process easier with tips on managing the money coming in and going out of your business. He also shares: - Advice on automating and sending out invoices. - Tools and resources to use for billing and managing your cash. - The three “F's” of collections. - Tips for understanding your margins and pricing your jobs right.

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce It's hard to think about selling your business in the middle of a pandemic. But it's a very real possibility. Business owners need to start thinking now about their exit strategy, whether they plan to exit or not, and increasing their business value to prepare for what may come in 2021. In this episode of Path To Profit, Stephen King talks with Brett Dearing, Founder of Business Owners Exchange (BXO) and Head of Business Owner Advisory at Cerity Partners, about his experience working with business owners on growth and succession planning. Brett talks about his experience developing and executing action plans for transferring business. He also talks about: - How to assess your profitability impact and prioritize risks and opportunity. - How to establish a platform for growth before you sell your business. - The three legs of the ‘business preparedness for exit' stool.

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce Small businesses and nonprofits are more vulnerable to fraud than larger organizations, and the effects can be far more damaging. Considering potential losses, small-business owners need to make the prevention of fraud a priority in their businesses. Mitigating fraud starts with being able to prevent and identify it in your company. In this episode of Path to Profit, host Stephen King, CEO of Growthforce, shares real stories of internal fraud and what to do in preventing it. Specifically, he covers: - An example of bill payment fraud from a nonprofit that outsourced its CFO. - Common forms of expense reimbursement fraud. - A story of an ingenious bookkeeper that committed payroll fraud. No system of internal controls will eliminate all fraud, but GrowthForce has some tips to help you minimize that risk. Visit our website and sign up for our webinar, where we'll show you what you can do to reduce your risk of fraud. Detecting, Preventing and Reducing Fraud in Your Business Webinar Sign Up! >>> http://bit.ly/P2P_Fraud

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce COVID-19 necessitated a shift from offices and resulted in an impressive spur of remote work. If remote work is going to be sustainable, it needs to become more than just work: it needs to be a conduit of culture. In this episode of Path To Profit, Stephen King speaks with Andrew Jackson, founder and president of BravoTech, about how to maintain and encourage a healthy company culture in a remote environment. Andrew talks about how being open to hiring more remote employees increases a company's reach and drives growth. He also discusses: How to maintain culture in a remote environment, and how to make it fun (including examples of interactive virtual games!). How managers can use KPIs to track remote employees. How to pivot to results-based management.

Visit this show online: https://www.growthforce.com/podcast Follow us on social! Twitter: www.twitter.com/GrowthForce LinkedIn: www.linkedin.com/company/growthforce Facebook: www.facebook.com/GrowthForce At a young age, Stephen King's eyes were opened to how technology can be used to reduce manual labor and help small businesses succeed. That revelation sparked an eagerness to “learn the language of business” and acquire accounting and technology skills that would allow him to help small businesses and nonprofits grow. In this introductory episode of Path To Profit, Martha DeFeo, Director of Marketing at Growthforce, interviews Path To Profit host and Growthforce President/CEO Stephen King about his professional journey. Stephen talks about his time working at Ernst & Young, Amnesty International partnering with Insperity, his side hustles that led him to his passion, and the time he met Peter Gabriel and Bono. He also talks about: His experiences from being an EY intern, the founder of a start-up and a President/CEO. Lessons learned on managing people and the importance of a financial management strategy. How he overcame the fear he felt starting Growthforce for the third time!