Modern Kingman

Modern Kingsman

2 guys discussing ideas and life from the point of view of a Modern Kingsman.

  1. 2d ago

    MK#74- Small Business- Exiting

    Planning your exit from the business you built? In this final episode of our small business series, we break down exactly how to retire on your terms—without regret. We cover the real reasons owners step away and give you clear, actionable steps to build a company that holds its value without you.-Begin with the end in mind and start planning 3–5+ years ahead-Build your business to run and stay valuable without you (shift reputation to the company name, systems, and team)-Assemble your professional team early (accountant, lawyer, tax advisor) to protect value and minimize taxes-Clarify your personal “why”: money, health (physical or mental), family time, or legacy-Choose your exit path and follow the specific steps for each option-Prepare financially and emotionally so you don’t end up strapped or purposeless after the sale-Redefine your identity and purpose post-exit—have a plan for what comes next so you don’t become one of the 75% who regret sellingWatch to learn the 6 main exit styles (close doors, third-party sale, employee buyout, family succession, partial/recap, and IPO) with honest pros, cons, and real-talk warnings for each.#BusinessExitStrategy #HowToExitYourBusiness #SmallBusinessRetirement #StepByStepExitPlan #BuildToSell #BusinessSuccession #EmployeeBuyout #FamilyBusinessExit #RetireWithValue #AvoidSaleRegret #TheModernKingsman

    41 min

  2. 6d ago

    MK#73- Small Business- Downturn

    In this episode of our small business series, we break down exactly how to prepare your company for economic downturns, slow seasons, or unexpected setbacks. Here are the 5 practical strategies we cover: Limit Your Liabilities — Avoid overextending with monthly payments on equipment, vehicles, or office space. The businesses that survived 2008 had controlled debt they could actually handle when revenue dropped. Own what you can and be extremely careful with new credit. Build a Real Rainy Day Fund — Aim for 3–6 months of operating expenses if possible. At minimum, keep enough cash to pay off your debts and walk away cleanly if you ever need to. Peace of mind is worth more than you think. Build a Reliable, High-Performing Team — A small team of well-paid, efficient, and loyal people will carry you through hard times far better than a large group of low performers. Be honest with them early and treat them like partners. Diversify Your Revenue Streams — Don’t rely on one single source of income. Add complementary services, different client types, or new offerings within your expertise so one slowdown doesn’t take down the whole business. Lock In Your Clientele — Build real relationships and loyalty. Repeat customers and subscribers who know and trust you will stick around when times get tough, while chasing only new leads every month leaves you exposed. Watch until the end for real stories and hard lessons that could save your business when the next rough patch hits.

    26 min

  3. May 29

    MK#72- Small Business- Burnout

    In this episode of our small business series, we break down exactly what burnout looks like for owners, the top reasons it happens, and how to stop it before it destroys your business, health, and family. We cover the warning signs and then walk through practical, repeatable steps you can start using immediately. Here’s the practical framework we recommend for preventing burnout: -Build real systems and SOPs early so your business can actually run without you constantly in the trenches` -Delegate ruthlessly — hand off tasks to others who can do them 80-90% as well as you instead of trying to wear every hat forever -Set non-negotiable boundaries and protect your time — create clear unplug periods and treat them as seriously as any client meeting -Quickly fire bad clients and employees instead of holding on out of guilt or desperation -Get outside perspective regularly — whether through a coach, mentor, or simply stepping away to think and re-evaluate what you actually want Apply these steps consistently and you’ll build a business that supports your life instead of consuming it.

    37 min

  4. May 25

    MK#71- Small Business- Hiring

    This episode we break down the clear signs it’s time to hire, W2 vs 1099 differences, and practical steps to hire right while building strong culture. When to Hire – 3 Signs: Turning down profitable work you can’t handle. Consistent gross revenue 3–4× the employee’s monthly cost. Feeling overwhelmed as the owner. W2 vs 1099: Start with 1099 for simplicity — easy setup and termination. Switch to W2 when you need set schedules and more control. Begin with 1099 and move to W2 later. Hiring & Culture Tips: Set clear expectations on pay, schedule, and duties upfront. Pay fair wages, use 90-day reviews, and cut fast if needed. Lead with positive energy and pay top performers what they’re worth. Recruit actively and trust your gut on fit.

    39 min

  5. May 22

    MK#70- Small Business- Money Mastery

    In this episode of the Modern Kingsman business series, we tackle the #1 most hated task for small business owners—managing the books—and break it down into four practical, easy-to-follow steps you can start using immediately. Know your numbers — Track gross revenue, gross profit, net profit, and overhead every month so you always understand exactly where your money is coming from and going. Prioritize cash flow over paper profit — Time money coming in versus going out, plan ahead for delayed payments like net-30/60 contracts, and build reserves so you never run out of operating cash. Price for healthy profit — Research market rates, stop underpricing, test smart price increases, and attract ideal clients instead of chasing low-margin work that drains you. Build simple financial systems — Use tools like QuickBooks, open a separate business bank account and credit card, and maintain retained earnings so you can focus on the work you love without the bookkeeping stress. These four steps turn the most dreaded part of business into a smooth, repeatable process.

    48 min

  6. May 18

    MK#69- Small Business- Marketing

    **Due to video errors that were definitely in my control, this Monday's video will be audio only. My deepest apologies to everyone who only watches our podcasts to see our amazing faces.** In this third episode about small business ownership, we tackle marketing. Master marketing for your new business with this practical breakdown. We cover exactly how to: ​ Define your ideal customer so every effort hits the right audience​ Build simple, repeatable low-cost systems for consistent customer acquisition​ Leverage social media to create authentic trust and free visibility​ Implement referral and review programs that turn happy clients into your best salespeople​ Track every metric and double down on what actually works while cutting what doesn’tAdopt the relentless Bob Vance energy and become omnipresent in your market.

    27 min

  7. May 15

    MK#68- Small Business- Getting Started

    For this second episode in our small business series, we cover your first 5 steps of getting your business off the ground. Step 1: Validate your idea with real market research and customer conversations to confirm demand before investing. Step 2: Create a simple one-page business plan covering what you sell, who you sell to, and how. Step 3: Choose the right legal structure—sole proprietorship, LLC, partnership, or corporation—while understanding liability protection and tax options like pass-through vs S-Corp elections. Step 4: Handle the paperwork by filing your LLC, getting an EIN, and opening a dedicated business bank account. Step 5: Start selling immediately, then iterate based on feedback instead of waiting for perfection. *As we go over legal structures and taxes, please consult your professional as this video is for education. Your specifics matter.*

    42 min

  8. May 11

    MK#67- Small Business Mentality

    This episode launches our Small Business Series with the raw truth of entrepreneurship. 20% of businesses fail in year one, 50% by year five — most won’t survive. We break down the critical shift from employee to owner mindset, why comfort kills startups, and how to turn repeated failure into fuel. Colonel Sanders’ story of 1,000+ rejections at age 65 proves the grit required to win.

    24 min
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About

2 guys discussing ideas and life from the point of view of a Modern Kingsman.

Information

  • Creator
    Modern Kingsman
  • Years Active
    2K
  • Episodes
    23
  • Rating
    Clean
  • Copyright
    © Modern Kingsman
  • Show Website
    Modern Kingman