How To Be Moderately Successful.

Mike Scott

Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/

  1. 6D AGO

    EP51 Mastering Cash Flow for Business Success

    Send a text Summary In this conversation, Mike and Troye delve into the critical topic of cash flow, exploring its significance in business success. They discuss the evolution of business metrics from revenue to cash flow, emphasizing the importance of understanding cash flow as a leadership and management tool. The conversation also covers practical techniques for managing cash flow, including forecasting and analyzing past cash movements. Finally, they outline seven key strategies for improving cash flow, providing actionable insights for business owners. Takeaways Revenue means nothing without margin. Profit is important, but cash is the ultimate reality. Cash flow is the movement of cash in and out of your bank account. Understanding cash flow helps in making better business decisions. You should focus on generating free cash flow for business success. Increasing prices can be a quick way to improve cash flow. Improving debtor days can significantly impact cash flow. Cash flow management is a leadership tool, not just a finance tool. Scenario planning is essential for effective cash flow management. Building reserves gives businesses optionality and resilience. Chapters 00:00 Understanding Cash Flow: The Foundation of Business Success 10:38 The Evolution of Business Metrics: From Revenue to Cash Flow 19:39 Measuring Cash Flow: Tools and Techniques 26:21 Seven Levers to Improve Cash Flow 35:25 Shifting Mindsets: From Operator to Capital Allocator cash flow, business success, revenue, profit, financial management, leadership, cash flow management, business metrics, financial health, cash flow strategies Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    39 min
  2. FEB 20

    EP50 Is Accountability all it's cracked up to be?

    Send a text Summary In this episode, Mike and Troye delve into the complexities of accountability and habit tracking, exploring how these concepts relate to personal growth and behavior change. They discuss the importance of environment, identity, and motivation in facilitating change, while also challenging traditional views on accountability mechanisms. The conversation emphasizes the need for a supportive environment and a clear understanding of what is at stake in order to drive meaningful behavior change. Takeaways Accountability can be perceived differently by individuals. Setting up the right environment is crucial for behavior change. Identity plays a significant role in how we approach change. Understanding what is at stake can motivate behavior change. Habit tracking may not work for everyone; it's about finding the right mechanism. Motivation can fluctuate; it's important to recognize where you are in the change process. Behavior change often requires a gradual approach rather than a sudden shift. The people you surround yourself with influence your behavior and values. Exploring the reasons behind habits can lead to better understanding and change. Creating a framework for change involves aligning identity, environment, and motivation. Chapters 00:00 Introduction and Acknowledgment of Feelings 02:45 Exploring Accountability and Habits 05:15 The Role of Environment in Behavior Change 08:09 Identity and Commitment to Change 11:06 Motivation and Stages of Change 13:36 The Stakes of Behavior Change 16:28 Shifting Perspectives on Status and Behavior 19:29 Practical Strategies for Behavior Change 22:22 Conclusion and Framework for Change Keywords accountability, habit tracking, behavior change, motivation, environment, identity, personal development, mindfulness, meditation, self-improvement Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    29 min

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About

Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/

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