In Part 2 of the mic swap with Dwayne as the guest the conversation begins by exploring the fundamental principle that "Anything you monitor will get better," emphasizing the importance of setting benchmarks, establishing solid processes, and maintaining rigorous management oversight. He introduces a four-circle model for operational excellence and stresses the need for daily scheduling, clear goal-setting, and accountability groups. The discussion also highlights the crucial role of effective communication and the power of focused think time in propelling businesses forward. Through practical insights and actionable advice, this episode offers valuable strategies for entrepreneurs and business leaders looking to enhance their operational efficiency and drive sustainable growth.
Time Stamps:
00:00 - Setting the Bar
09:18 - Structuring Your Day
19:20 - Importance of Think Time
21:50 - First and Second Order Consequences
23:51 - What is Think Time?
31:02 - Turning a Bad Day into a Good Day
34:34 - Strategy for Progress
35:54 - Perception of Facts
43:14 - Quality of Standards and Life
47:17 - Cadence of Communication
50:50 - Financial Literacy Basics
56:40 - Reading a Cash Flow Statement
59:24 - Comparing Financial Numbers Over Time
01:01:33 - Critical Drivers vs KPIs
01:05:15 - Understanding Financial Statements
01:08:04 - Best in Class Financial Numbers
01:10:50 - OUTRO
01:15:20 - Where to Find Adam
01:16:51 - Share the Show
01:17:12 - Disclaimer
Connect with Dwayne Kerrigan
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Disclaimer The views, information, or opinions expressed by guests during The Business of Doing Business are solely those of the individuals involved and do not necessarily represent those of Dwayne Kerrigan and his affiliates. Dwayne Kerrigan or The Business of Doing Business is not responsible for and does not verify the accuracy of any of the information contained in the podcast series. The primary purpose of this podcast is to educate and inform. Listeners are advised to consult with a qualified professional or specialist before making any decisions based on the content of this podcast.
