Chapter
Common Mistakes Business Owners Make According to "Fix This Next" Analysis
16:31 - 21:27 (04:55)
Business owners should focus on efficiency to bring more value and margin to their business. Neglecting the "Fix This Next" analysis or the hierarchy of business needs can lead to a lack of structural rigidity and the collapse of the business.
Clips
The delivery of efficiency can bring more value and margin to a business.
16:31 - 18:43 (02:11)
Summary
The delivery of efficiency can bring more value and margin to a business. It is essential to focus on creating order in the business hierarchy of needs to attain more stability.
ChapterCommon Mistakes Business Owners Make According to "Fix This Next" Analysis
Episode#165 - Mike Michalowicz - Fix The Biggest Problems In Your Business
PodcastModern Wisdom
The collapse of a business due to a bad strategic decision points to the common mistake of not following the business hierarchy of needs, similar to building a structure from the top down, resulting in the lack of structural rigidity and eventual collapse.
18:43 - 20:34 (01:50)
Summary
The collapse of a business due to a bad strategic decision points to the common mistake of not following the business hierarchy of needs, similar to building a structure from the top down, resulting in the lack of structural rigidity and eventual collapse.
ChapterCommon Mistakes Business Owners Make According to "Fix This Next" Analysis
Episode#165 - Mike Michalowicz - Fix The Biggest Problems In Your Business
PodcastModern Wisdom
The constant pursuit of sales and revenue without considering cash profits is a common mistake among business owners.
20:34 - 21:27 (00:52)
Summary
The constant pursuit of sales and revenue without considering cash profits is a common mistake among business owners. Focusing on vanity metrics like top line without factoring in the sanity of cash profits is a flawed mindset.