What are the key steps to transitioning from an operator to an owner in your business? How do you build a team that can run your business without you?
Pete Mohr is a business owner turned coach who’s passionate about helping entrepreneurs break free from the daily grind. He’s the founder of Simplifying Entrepreneurship and has mastered the art of moving from operator to owner.
Join Scott and Pete as they explore:
* Transitioning from operator to owner and gaining business freedom.
* Pete’s 5P Framework: Promise, Product, Process, People, Profit.
* The importance of moving from “detail” to “dashboard” in your business.
* Common roadblocks entrepreneurs face when trying to step back from operations.
* The 5 D’s of unplanned business exits and how to prepare for them.
* Why sharing financial numbers with your management team is crucial.
* Building a team that can make decisions without you.
* Real-life success stories from entrepreneurs who have implemented these frameworks.
Chapters for this episode:
06:20 - Pete’s Journey as an Entrepreneur
12:35 - From Operator to Owner: Why the Shift Matters
21:45 - The 5 D’s of Unplanned Business Exits
32:49 - Building a Strong Management Team
46:28 - Pete’s 5P Framework for Business Success
56:33 - The Importance of Communication, Process, and Accountability
Thanks to Pete Mohr for being on Business, Bourbon & Cigars.
Connect with Pete on LinkedIn: https://www.linkedin.com/in/petemohr/
Learn more about Pete and Simplifying Entrepreneurship:https://simplifyingentrepreneurship.com/
BUSINESS, BOURBON & CIGARS
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Business, Bourbon & Cigars is the preeminent resource for ambitious leaders who want a backstage pass to the top. Each episode, we sit down with ultra-successful executives and industry leaders who share their insider strategies for growth and success. And of course, we may even sip on some of the finest bourbon and light up our favorite cigars while we chat.
Each week, we bring you in-depth interviews with high-level executives and industry leaders who have a proven track record and in-depth understanding of what it takes to grow a business. They’ll share their no-nonsense approach, the challenges they faced on their journey to the top, and the strategies that helped them overcome obstacles and forge their own path to ultra-success.
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