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014: Dispelling 4 Common Entrepreneur Myths about Business Growth

Tim Fulton is no stranger to business infrastructure. In fact, he’s built and sold several businesses in his 30+ year career as an entrepreneur and small business advisor, executive coach and facilitator. “Operations,” he says, “is highly underrated.” In this episode, Tim draws from both his research and experiences in working with thousands of entrepreneurs to reveal the undeniable realities of operating a fast-growing business.

In doing so, he dispels four common myths about entrepreneurship and forewarns about the importance of getting your business infrastructure in place at the beginning stages of your company. This business infrastructure does not have to be elaborate initially; it can be something as simple as a checklist to ensure consistent service or product delivery. Listen to learn more about these myths. Hint: a high IQ is not a significant factor in determining success.

Special Guest: Tim Fulton, President of Small Business Matters; Vistage Group Chair

Show Notes:

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008: The Lean Methodology: What It Is & How to Apply It to Your Small Business

Think the lean methodology is only for large corporations and government entities? Well think again! This episode features John Kamp, an entrepreneur, Lean Six Sigma expert, Project Management Professional, instructor at Purdue University and U.S. Navy veteran. As you can imagine, he has a wealth of experience to draw from and you’ll get a feel for that in this episode. The subject of lean is huge, but John condenses its concept, principles, and methodology into an easy-to-understand definition. He not only shares some of his favorite lean tools, but he also gives great examples of real-life applications. You don’t want to miss this episode!

Special Guest: John M. Kamp, Founder & CEO, The Business Kamp

Show Notes:

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007: Staffing Up While You Scale Up: Tips for Getting the Help You Need When You Need It

Do you need to hire more people for your small business, but feel that good help is hard to find? Listen as my first guest and serial entrepreneur, Essie Escobedo, explains that good help is out there and why you have to do your part to attract them. Essie shares specific tips for attracting great people to hire or contract as well as some key things small business owners need to have in place to set new hires up for success. You don’t want to miss what she has to say about the role business infrastructure plays in the 17-year success of her company, Office Angels. Keep your notepads handy!

Special Guest: Essie Escobedo, Founder & CEO, Office Angels

Show Notes:

  • Stop Doing That!  by Essie Escobedo
  • The Money Pit – movie demonstrating how the façade of a house does not match its foundation and structural interior

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006: How Can I Implement Business Infrastructure in My Company?

Have you ever heard the expression, “The devil is in the details?” In terms of small businesses, the “devil” represents those proverbial landmines, booby-traps and gotchas that lurk in the background (or back office operations), often going undetected. When they surface, the results can be catastrophic. Details, in fact, do matter! But sometimes this is hard for big picture entrepreneurs to admit. How to implement business infrastructure lies in being able to answer seven key questions. Find out what those questions are in this episode.

Show Notes:

  • Founder – a movie about the making of the McDonald’s franchising empire
  • Samsung Galaxy phone implosion – an example of the cost of poor quality
  • What happens when details are missed: food recalls, car recalls

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005: Where is Business Infrastructure Needed in Small Businesses?

Necessity is the mother of invention. History teaches us this is true wherever there is a need to do things more efficiently and effectively. Business infrastructure is needed wherever there is more demand for your goods or services than you can provide or supply. You need to scale operationally while maintaining or increasing value for your customers.

Such was the case when a young inventor named Frank Sprague was inspired to create the first self-loading electrical motor designed for streetcars. Not only did his invention help clear congestion on the streets of Boston, but it provided a cleaner alternative to the coal-powered engines used at that time. Discover the similarities of how this story about building Boston’s early transportation infrastructure applies to the business infrastructure you can implement in your company.

Show Notes:

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004: When is Business Infrastructure Needed?

Unmanageable fast growth usually makes the decision to invest in business infrastructure a no-brainer. But what if it’s too late? In this episode, you’ll learn the ideal time to implement business infrastructure as well as the symptoms of unmanageable fast growth.

Find out the impact the Oprah Effect can have on how you manage and operate your business and why it’s imperative that you do your due diligence before partnering with others and accepting customer work or orders you may not have the capacity to deliver.

Show Notes:

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