Creating Owner Independence with David Finkel

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April 13, 2021

David Finkel, CEO of Maui Master, business coach and best-selling author of 12 business and financial books, returns to the show to share how to build owner independence. Listen to Finkel chat about being a business versus an entrepreneur, how to stay consistent, strategic depth, and much more.

On today’s podcast:

  • Covid-19 has been either an existential time or a big boom for businesses – 1:32
  • Being a business vs. being an entrepreneur – 3:30
  • “How often in your business life have you had perfect information?” – 6:21
  • One of leader’s core roles is to be the voice of certainty in a sea of confusion – 10:54
  • The arousal curve – 12:57
  • Grow players vs. role players – 15:20
  • A 90-day quarter is a great unit of time to connect big picture goals with the connection of doing – 23:37
  • Know your number one priority each quarter – your limiting factor – 25:09
  • How entrepreneurs can keep consistency – 29:18
  • “The biggest limitation that you have is going to be the talent and attention of your best people.” – 33:03
  • How to maintain focus and planning – 38:40
  • How to grow your business beyond 8 figures – 42:26
  • An explanation of Strategic Depth and why you should be using it – 46:22
  • The concept of creating a legacy – 56:20

 

Key Takeaways: 

  • Don’t make decisions and never revisit them
  • When we have fear, uncertainty and doubt (F.U.D factor) we go into a mode of survival, which can fixate decisions instead of getting broader perspectives
  • Know how to work with your grow players and your role players
  • Your staff needs time to get stuff done
  • The most successful companies have CEOs that don’t have many tasks
  • Most people can’t sustain by winging it
  • Even if you’re alone in your business you can’t be alone in the journey

 

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