Pete Mohr, founder of Simplifying Entrepreneurship. Pete shares insights from his 30-year journey as a business owner and coach, helping business leaders streamline operations and live a more fulfilling life through their work. We discuss the common pitfalls of entrepreneurship, such as the "owner's trap" where the business relies too heavily on the owner. Pete introduces his "Five P" model—Promise, Product, Process, People, and Profit—as a blueprint for building a sustainable business. He emphasizes the importance of clear financial records, understanding valuation, and planning for an eventual exit, even if it's not immediate. The conversation offers actionable strategies to avoid burnout, simplify processes, and prepare a business for future growth or sale.
Show more...