Running a successful business takes more than just a great idea or product. After all, plenty of companies that seem to offer solid services go under all the time. The key is how a business is run, and that comes down to the owner.
In this episode, Mick and Andre discuss their research of over 150 companies and reveal what traits they discovered successful business owners had in common. Listen in to find out what characteristics these owners shared. Some of them may surprise you.
Listen to the Full Episode:
What You'll Learn In Today's Episode:
What accounts for 80% of owner success.
How much time successful owners spend working on the business.
The critical components for a strong accountability system.
One thing many owners fail to consider when they measure profitability.
A common mistake that causes businesses to go broke.
Why debt isn’t always a bad thing.
How to know if borrowing money is a smart move.
Ideas Worth Sharing:
“The successful business owners with that 'ownership mindset' are trying to create something that is self-sustaining.” – Mick Holly
“Execution is the outcome of good accountability.” – Andre Gien
“Great owners understand that building equity generates wealth.” – Mick Holly