Business Owner Breakthrough Podcast
It's time to move from Operator to Owner!
Are you tired of feeling trapped in the day-to-day operations of your business?
Maybe even to the point where you're starting to think about your exit?
Look no further!
The Business Owner Breakthrough podcast is here to help you break free from the struggles of entrepreneurship and turn your worries into wins.
Hosted by Pete Mohr, Certified Exit Planner, Kolbe Coach and business owner for over 30 years.
Quick episodes full of actionable takeaways for those ready to make change in their lives and businesses.
Business Owner Breakthrough Podcast
Product Alignment
In this episode of the Business Owner Breakthrough, Pete Mohr delves into the critical task of ensuring your products and services align with your business promise. Building on last week’s discussion about refining your business Promise, this episode explores the importance of regularly assessing your offerings to ensure they continue to deliver on that promise and contribute to your business’s success.
Key Takeaways:
- Reassess Your Offerings: Pete encourages listeners to revisit their product and service offerings in light of their recently refined business promise. He challenges the assumption that existing products automatically align with the promise and suggests that it's essential to reassess periodically.
- The 10/80/10 Rule: Pete introduces the concept of the 10/80/10 rule, where business owners should consider phasing out 10% of their offerings that no longer add value. This exercise helps in honing the core offerings, making them cheaper, better, and faster while staying aligned with the business promise.
- Continuous Innovation: The episode emphasizes the importance of always looking for new products and services that can enhance the customer experience. Pete encourages business owners to test new ideas to ensure they align with the promise and potentially become part of the core offerings.
- Multiple Promises: Pete discusses the idea of having multiple promises within a business, where an overarching promise guides the business, and smaller promises align with specific product lines or services. This structure ensures that all aspects of the business stay consistent with the core promise.
- Alignment Equals Profit: The episode stresses that aligning products and services with the business promise not only clarifies the business direction but also boosts profitability. Pete advises that products must align with the promise and remain profitable; otherwise, they should be rec
Pick up a copy of Pete's new release:
The Business Owner Breakthrough
On Amazon in Kindle or Paperback editions
Are you looking to make some changes in your business and your life in 2024? Head over to speaktopete.com and book a chat with me to see if we're the right fit!
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Book a no charge Freedom Call with Pete, to see if you’re a good fit for his business coaching or talk to Pete about speaking at your next event head over to http://speaktopete.com to find a time that works for you!
Pete's Websites:
Pete-Mohr.com
The Exit Ready Business
Kolbe Coach
Simplifying Entrepreneurship
LinkedIn at https://www.linkedin.com/in/petemohr/
Instagram at ...