My Business On Purpose

The number stunned me when I first heard it.  80% of a business owner's net worth is locked away in the asset of their business. Can you imagine 80% of your retirement dollars bottled up in one stock?   The cash flow of the business can often quell the desire for an owner to diversify their assets into anything beyond the business.  A business can be a high-return asset for sure… and with it, equally high risk. A standard question for any business owner to ask is, “How much is my business worth if I wanted to sell it?” The short answer is, “Whatever a buyer will pay for it!” There are ways to begin to have an educated idea on what your business would actually sell for on the open market.   Here are four metrics that you will need to know when getting prepared to understand a reasonable market valuation for your business. Before we lay out this framework be reminded that we are not financial or legal advisors and all such decisions should be consulted by financial and legal professionals.   First, all business

Join Patrice Miles, BOP Business Coach, and Matt Sohl, Creative Specialist of WireCrafters as they dive into the power of YouTube Shorts on the latest episode of Tuesday Tools On Purpose at My Business On Purpose Podcast. Discover how YouTube Shorts can transform your business' reach and branding strategy. Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos? Take the assessment to find out which areas you can grow and improve on. Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️ https://www.youtube.com/channel/UCbPR8lTHY0ay4c0iqncOztg?sub_confirmation=1

Join Patrice Miles, BOP Business Coach, and Nicole Grinnell, President and CEO of Bosun Solutions, as they uncover the power of Fractioning on the latest episode of Tuesday Tools On Purpose at My Business On Purpose Podcast. Learn how this tool optimizes efficiency and empowers businesses to thrive in today's competitive landscape. Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos? Take the assessment to find out which areas you can grow and improve on. Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice Contact Info: Bosun Solutions nicole@bosunsolutions.com +1 916-756-5439 www.bosunsolutions.com SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE

So, a quick thought on mindset. If we think immediately, mindset,  whatever, doesn't matter. It absolutely matters. In neuroscience, it's way above my head, but I trust it, and I read about it, and it says, mindset absolutely matters. And we can actually create new neural pathways. That's a really big word. But we can create new ways of thinking that actually change our brain, and its structure, which is amazing. Mindset does matter, and our thoughts determine our behaviors and our behaviors just determine our life, really. It affects our lives. And so our thoughts is where it starts, and that affects everything, you, the folks in your sphere of influence. So it affects your day to day at life and work because those, as we say, necessarily intersect.  So I'll give you an example. We had a hurricane come through here on the South Carolina coast, and we all lost power. We've got several friends that live in our neighborhood, and we all lost power. Here was my mindset. Okay, I'm calling myself out. Here we go. W

Join Patrice Miles, BOP Business Coach and Chris Whelan, Owner of WSI Digital Win as they unravel the power of Google Guaranteed on the latest episode of Tuesday Tools On Purpose at the Business On Purpose Podcast. Learn how this game-changing tool can transform your business and boost your credibility.  Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos? Take the assessment to find out which areas you can grow and improve on. Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice Contact Info: Chris Whelan Owner, WSI Digital Win chris@wsidigitalwin.com +1 502 552 2377 www.wsiworld.com/chris-whelan SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to

Join Patrice Miles, BOP Business Coach, and Mark Kenney, one of the Founders of Clinkit, as they unpack the strategic approach to utilizing Clinkit in your business journey and reveal how you can start letting your construction equipment work for you! Uncover practical tips and guidance for leveraging this tool effectively! Stop letting your construction equipment sit around. Rent it out like an AIRBNB... just Clinkit! Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to

There were some industries through the pandemic that hit the jackpot with a flood of cash into the market.  Real estate and construction were beneficiaries en masse drawing value from a unique cultural cocktail of a geographically mobile workforce, a shortage of housing inventory, and a rush of available cash into the market. Sales roles in this unique market began to belly up at the bar of counter sales limiting the time needed to “beat the streets” and “shake the bushes”. Moving into this next season, those who see growth and success in their business will be those who commit to the art and science of business development; the literal development and cultivation of new business.   The world that we are inheriting is a world captured in a simple, non-cliched acronym coined by futurist Dr. Bob Johansen…V.U.C.A. Volatility Uncertainty Complexity Ambiguity What will stand out in a VUCA world?  Clarity and simplicity. Sales is not hard…sales is tedious.  Sales is the fuel in the tank of any business to ensure ra

Unlock the Power of ChatGPT in Your Business  Join Patrice Miles- BOP Business Coach and Jessie Barber- BOP Client Connection Director, as they explore the power of ChatGPT at My Business on Purpose Podcast- Tuesday Tools On Purpose. Learn how ChatGPT can transform your business operations and elevate productivity.  Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️ https://www.youtube.com/channel/UCbPR8lTHY0ay4c0iqncOztg?sub_confirmation=1

This week marks the launch of the Business On Purpose annual PREP WEEK for clients.  Each year at the beginning of November, we guide each of our heroic business owners through a series of repeatable, predictable, and meaningful (RPM) steps to help bring the clarity they need to get their business in shape for the coming year. Each year brings its own swirling mix of headwinds and tailwinds, and the business must be properly prepared and maintained in order to handle the predictable and unpredictable chaos that will come. There are eight steps that we guide our owners through to equip them and their teams with the foundation to lean into their mission. First, every business owner (including me) will go review and update their vision story.  The vision story is a seven-category outline inviting the owners to detail what the future snapshot of their business looks like and enables their team to have a clear picture of what they are pushing towards. The Proverb is self-evident, “where there is no vision, people

Unleash the Power of the Master Process Roadmap! Join Patrice Miles- BOP Business Coach and Dr. Jessica Mendelsohn- New South Family Medicine and Medspa as they delve into the power  Master Process Roadmap at My Business on Purpose Podcast- Tuesday Tools On Purpose. Discover how Dr. Jessica Mendelsohn leveraged this game-changing tool to streamline her operations and achieve stunning success.  Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️

Revolutionize your business with the power of "Reels"! Join BOP Business Coach Patrice Miles and Business Coach Brent Whitaker as they delve into the power of Reels on the My Business On Purpose Podcast: Tuesday Tools On Purpose. Discover why Reels are more than just a trend—they're a game-changer for your business! Learn the importance, gain insights, and walk away with actionable strategies to level up your brand. Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our

"Hey, Brent, what are unique core values?" Well, they're just that! Not to sound flippant, they're unique to you, to your business, to your family. 'Cause yes, we create those with our clients for their businesses and for their family because operating out of those filtering decisions through their unique core values makes a huge difference in life and work. I got these the other day from a client that we work with. These are their family core values. Listen to these. These aren't integrity. These aren't discipline, these aren't, um, honesty. Those are core values. We should all at our core have those values. Unique core values are just that. One of theirs was "Be where your feet are". And they, you know, the challenge is to, to define that. What is "Be where your feet" are mean. It means to be present. When we are at home, we are focusing on family and relationships. When we are at work, we are focused on work. We're being intentional. Uh, being intentional to be in the moment, to be present and checked in.

LinkedIn Strategies for Success! Join Patrice Miles (Business Coach, BOP) and Carter Polsgrove (Regional Sales Manager, Momentum) as they dive into the power of LinkedIn on the My Business on Purpose Podcast: Tuesday Tools On Purpose Learn the best practices, tips, and tricks to maximize your presence on this professional platform. Discover how to use it strategically, whether on your personal page or company profile. Uncover the secrets to building a meaningful network and boosting your business!  LinkedIn Tips and Tricks: https://docs.google.com/document/d/1YfLs65P-GolMBKUSTfrgXfQNW4HWQLnh/edit?pli=1 Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site

Futurist Bob Johansen describes our modern context with the acronym VUCA - volatile, uncertain, complex, and ambiguous. He goes on to explain, “Leaders will be buffeted, but they need not allow themselves to be overwhelmed, depressed, or immobilized.  Leaders must do more than just respond to the whirl of events, though respond they must.  They must be positive change agents in the midst of chaos.” That is our very aim, to liberate owners from chaos and make time for what matters most. Since 2008 virtually every business owner has thought, “when will the next recession come and how bad will it be?” Yours truly has wrestled with the same question during moments of emotional and mental weakness in my well-documented struggle with fear. Recently though I have wondered, “could I approach a market dip with enthusiasm and expectation rather than doom and gloom?” I believe so, here is what I mean. The lowcountry of South Carolina, where our family lives, has been on the receiving end of active hurricanes almost ever

Unlocking Health Benefits Solutions for Small Business Owners Join Patrice Miles- BOP Business Coach and Dr. Jessica Mendelsohn-New South Family Medicine and Medspa on My Business on Purpose Podcast as they dive into the world of Direct Primary Care (DPC) - a game-changer for business owners. Learn how DPC can transform your employee benefits, making healthcare accessible without breaking the bank. Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos? Take the assessment to find out which areas you can grow and improve on. Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE

January 1 is too late to begin the annual preparation for your business. Studying the habits of elite military and sports organizations you will see a theme of early and relentless preparation; a willingness to bypass the chaos of the moment and all of the random fire-stopping that comes with it, and instead electing to focus time and energy preparing for what is coming. In business, we have a poor habit of future preparation and instead give ourselves to chaotic duct-taping and a strategy of “crossing that bridge when we come to it”.  You can do it differently and reap the benefit of early preparation with the satisfaction of long-term predictability.   What you plant today will be harvested 3, 6, 9, and 12 months from today.  If you plant chaos today, chaos is the rotten fruit that will be gathered on the ground.  If you plant repetition, predictability, and meaning today, the robust and fulfilling fruit of preparation will be harvested and replanted over and over. Every year beginning in November, we walk

A question we are asked by every person interested in business coaching is simply, and honestly, “So, what do I get?” The first answer to your question is equally as simple, “Our goal is to get you what you said you wanted.” The very first question we ask any heroic business owner after learning of some of the details of their business is, “What do you want?” The question is both broad and direct. Ultimately, your goal becomes the coordinates of the destination we set our sites on.  If we coach you to somewhere you do not want to be, then chaos grows and overtakes.  Our aim is to liberate you from that chaos. Being coached by the Business On Purpose team also means that you gain immediate access to the BOP community, a team of coaches, support roles, and heroic owners just like you outside of your local area that we will connect you with both virtually and in person at one of our four annual live events.   You get priority access to ticketing to one of those four local events all taking place near Hilton Head

I’ve heard a million excuses for why people don’t have the time to write things down, so why do we do it? Well, let’s dive in to that today. One of our Core Values here at BOP is Write it Down. Now, it has a ton of different applications. From Writing down our Vision to taking notes at team meetings, to documenting processes, and even to producing Coaching Notes from every meeting we have with clients. The list of ways we write things down is exhaustive. And yet, we get pushback all the time from clients and key leaders about whether or not it’s truly necessary. All I can say…it absolutely is. Don’t believe me, well two instances in the past week, not month, week, of when it's been worth it. A little back story from the first instance. I was working with a contractor who was frustrated about the cash in their business. We were looking at their Level Two Dashboard, and pause, this is the simple tool we use to, you guessed it, write down the weekly cash position of the business. In looking at it, his cash posit

Let's be honest. As business owners, we can often be the creator of our own chaos, which means we create chaos for other people. Hey, it's Scott Beebe with the Business On Purpose platform. Make sure to go to mybusinessonpurpose.com/healthy and you can take a Healthy Assessment of the backend health of your business and see if you're one of those that stirs up chaos. You know, one of the biggest reasons of chaos stirring in a business is, lack of communication, which means a lack of clarity. And you go, Well, Scott, we talk all the time. Well, if Ashley, my wife, and I just talked, quote, all the time, that meant we're texting, phone calling, that sort of thing. But we never sat down to have intentional conversation on a walk, a bike ride, the back porch without distraction being our constant companion, then that's not really talking. That might be communicating back and forth, but we're not actually growing. We're not developing. And so we've got to do something different. The reason I'm doing this podcast i

Join Scott Beebe, Founder of Business On Purpose, and Thomas Joyner, BOP Director of Coaching, as they break down the 30-Day Business Owner Challenge. Learn about preparation, key takeaways, team strategies, and driving business growth in this insightful discussion.  LISTEN HERE to learn more! Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://www.boproadmap.com/healthy SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️ https://www.youtube.com/channel/UCbPR8lTHY0ay4c0iqncOztg?sub_confirmation=1