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June 7th, 2024 Mature Content

Business Growth: “Pushing Through the Muck” on Mike & Blaine

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  1. Business Growth: “Pushing Through the Muck” on Mike & Blaine Mike Milan & Blaine Bertsch 57:43

From navigating startup chaos to scaling challenges, mastering customer retention, and outpacing market competition, they’ve got it covered. Mike and Blaine discuss the evolution of a small business and the entrepreneurial mindset needed to push through the muck and get to growth. Watch them break down the stages you need to understand to drive business growth in this punchy episode. Like, share, and follow Mike & Blaine so you don’t miss an episode of the best entrepreneur podcast

Featured Beer: @annexales

Mike: Neighbor Pat’s Red Ale

Blaine: Annex Ale Project – Screaming Meemies Big IPA

Thanks to our Beer Sponsors! Jaqi York from Blooming CFO, Rachel Barnett from Gentle Frog, ‘Baltimore Mike,’ CPA Larry Weinstein and neighbour Pat!

Watch on YouTube: https://youtu.be/uLaJypL5S4s

Listen to all our episodes at: https://www.mikeandblaine.com

cashflowmike.com

dryrun.com

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Show notes:

The conversation explores the challenges of cash flow and the importance of managing it effectively. It also discusses the concept of pivoting in business and the need to adapt to changing circumstances. The conversation emphasizes the need for a long-term strategy while addressing short-term cash flow issues. It highlights the risks of growing broke and the potential pitfalls of pursuing side ventures that distract from the main business.

In this conversation, Mike and Blaine discuss the different stages of business growth and the challenges that come with each stage. They talk about the excitement and energy of the startup phase, the need for focus and staying in your lane during the growth phase, and the potential decline that can happen if the owner takes their foot off the gas. They also touch on the importance of innovation and staying ahead of the competition to avoid decline. Overall, the conversation emphasizes the importance of adapting and evolving as a business to ensure long-term success.

Takeaways

– Cash flow is a critical aspect of business success and must be managed effectively.
– Pivoting and adapting to changing circumstances is essential for long-term success.
– Short-term tactics should be aligned with long-term strategy to ensure sustainable growth.
– Growing broke can happen even when a business is successful on paper, highlighting the importance of managing cash flow.
– Side ventures can be distracting and may divert resources and attention from the main business. – – – The startup phase of a business is characterized by excitement and energy, but it's important to stay focused and avoid getting distracted by side ventures.
– During the growth phase, it's crucial to stay in your lane and not venture too far outside of your expertise. This ensures that you can maintain the same level of success and avoid creating problems in your existing business.
– Decline can happen when the owner takes their foot off the gas and becomes complacent. It's important to continue innovating and staying ahead of the competition to avoid decline.

Support the Show.

Catch more episodes, see our sponsors and get in touch at https://mikeandblaine.com/

Blaine is a co-host on Business, Beer & BS with Mike & Blaine. He's also Co-Founder and CEO at Dryrun, a business cash flow forecasting and modeling software company, and author of "Chronic Cash Flow". Blaine's co-host, Mike Milan, also known as "Cash Flow Mike", is a serial entrepreneur, author and finance coach for business owners and CPAs.

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