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Best Business Podcast | "It's Changed Our Business! Just By Doing the Coaching We Have Been Able to Increase Our Business By 40%!" - Join Trump & Kiyosaki At March 6-7 Business Workshop In Tulsa, Oklahoma

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December 26, 2024

TLDR: Join a free 13-Point Assessment with Clay Clark at ThrivetimeShow.com to start or grow a business, learn various skills like Branding, Marketing, SEO, Sales, Workflow Design, Accounting and more in an upcoming workshop with Tim Tebow (December 5th & 6th 2024). Request tickets at www.ThrivetimeShow.com or via text (918) 851-0102.

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In the latest episode of the Thrivetime Show, Clay Clark interviews entrepreneurs who have experienced tremendous growth through effective business coaching. This blog post summarizes the core themes and key takeaways from the discussion, emphasizing the strategies that led to a 40% increase in revenue for one guest's business.

Key Takeaways from the Episode

The Power of Coaching

  • Before Coaching: The guest, a franchisee of OxyFresh, revealed that only 11 months ago, they were considering closing their business.
  • After Coaching: A single phone call to Clay resulted in significant changes, leading to a 40% growth in their business within a year.

The Importance of Diligence

  • Consistent Effort: The episode emphasized that success is not about shouting loud but rather about consistent, diligent effort over time.
  • The guests stressed that they knew what to do but struggled to execute without the help of a coach to keep them accountable.

Wowing the Customers

  • Customer Satisfaction: One important strategy for success discussed was the need to “wow” each customer. The guest stated, "We always strive to get three wows per interaction with the customer."
  • Practical Examples: Simple acts like calling customers ahead of time or providing small surprises can enhance customer experience significantly.

Key Business Strategies for Growth

1. Daily Huddles

  • Purpose: These are crucial for accountability, planning, and reviewing performance metrics every morning.
  • Execution: Held at a consistent time daily, these meetings help ensure everyone is aligned and aware of their responsibilities.

2. Never-Ending Recruitment

  • Hiring Philosophy: The importance of constant hiring was a major theme. Businesses should always be on the lookout for good candidates, preparing for unexpected turnarounds like an employee leaving.
  • Group Interviews: Regular group interviews help attract quality candidates and maintain a pipeline of potential hires ready to step in when needed.

3. Tracking Systems

  • Tracking Performance: Implementing tracking sheets to monitor key performance indicators (KPIs) was emphasized. Businesses need to measure what they treasure to identify trends and make informed decisions.
  • Regular Reviews: Having a structured process helps in understanding growth trajectories and adjusting strategies accordingly.

4. Gathering Reviews

  • Encourage Feedback: Actively seeking objective reviews from customers is vital for building credibility and attracting new clients.
  • Video Testimonials: These are particularly powerful as they showcase genuine customer satisfaction and trust in the brand.

Challenges and Solutions

  • Addressing Excuses: Clay highlighted the tendency for businesses to come up with excuses instead of just getting things done. A successful business mindset requires resolving to push through excuses and take action consistently.
  • Learning from Failure: Discouragement was also mentioned, but the key takeaway was that setbacks can lead to better strategies and eventually lead to greater success.

Conclusion

The discussion on the Thrivetime Show podcast sheds light on the transformative impact of consistent effort, effective coaching, and rigorous business practices. These principles not only foster business growth but also help in creating a lasting impact on customer relationships. The guests' journey emphasizes that anyone feeling stuck in their entrepreneurial efforts can benefit from structured guidance, a commitment to excellence, and a willingness to adapt.

For business owners, the podcast serves as a motivational light, reinforcing the idea that change is possible with the right support and mindset.

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