In this episode of 'The Business of Doing Business,' host Dwayne Kerrigan engages in a detailed conversation with Dr. Tim Reynolds, who shares insights from his 35 years of business experience and multiple ventures across various industries. They discuss the importance of personal development, the necessity of developing financial literacy, and the mindset required to scale a business. Key topics include the importance of overcoming limiting beliefs, financial discipline, the importance of mentorship, and aligning team efforts with the business mission. Dwayne and Tim also touch on handling hard conversations and appreciating team members to create a thriving business environment.
Time Stamps:
00:00 - Intro
0:38 - How to Grow Your Business
7:27 - Overcoming Fear of Asking for Help
9:18 - Scaling Business from $1M to $10M
15:18 - Financial Awareness Tips
19:35 - Understanding NOI
23:29 - Who to Listen To for Business Advice
26:25 - Managing Free Cash Flow
29:31 - Investing Outside of Your Business
33:10 - Cash Flow vs Appreciation
38:15 - Financial Statements Discipline
41:16 - Monthly Financial Statements Deadline
46:31 - Mission, Team, Self Alignment
52:08 - Final Thoughts
55:55 - Essentials for Business Success
59:00 - What You Appreciate, Appreciates
1:02:50 - Final Thoughts
1:04:56 - Share the Love
Connect with Dwayne Kerrigan
Linked In: https://www.linkedin.com/in/dwayne-kerrigan-998113281/ Facebook: https://www.facebook.com/businessofdoingbusinessdk Instagram: https://www.instagram.com/thebusinessofdoingbusinessdk/
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.
