How to Avoid Business Blunders, with Shawn McBride, Episode #47

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One way to succeed as a leader is to know about and watch out for the business blunders others have made. What steps are you taking to avoid common business blunders? On this episode of #SellingWithSocial, you’ll hear from guest expert Shawn McBride as he reveals lessons he’s learned from business blunders and how to avoid them. Shawn works with businesses to find hidden risks and untapped opportunities all in support of the mission to maximize wealth for the owners and their loved ones. You’ll frequently see Shawn speaking on stage (at locations like TEDx, corporate events or association conferences), traveling to work on strategy with clients or in the media. While everything he does is about business planning he makes sure to tailor the programs to his audiences and their specific needs for content and format. His books show his passions. “Business Blunders” profiles mistakes many clients made before coming to his office. “It’s About Time” is a radical departure from other time management books and starts to reveal how Shawn and his teams do so much in so little time. Make sure you have pen and paper ready for this informative episode with Shawn!

This podcast is being brought to you by STAR – The Sales Team Alpine Retreat: A Frost & Sullivan Executive MindXchange taking place this February 7-9, 2018 in Lake Tahoe, Nevada.

Learning from Business Blunders

You’ve heard that often repeated definition of insanity right? Insanity is “Doing the same thing over and over again and expecting different results.” Could you be falling into that same trap in your business? Don’t get lulled into complacency! If you want to succeed as a leader, you’ve got to be constantly learning and evaluating your process and approach. One of the best ways to learn is to study not only the successful leaders but also the ones who failed to change and adapt, in order to learn from their mistakes. On this episode of #SellingWithSocial, Shawn and I discuss several key lessons from his book, “Business Blunders” so leaders like you can walk away with tangible steps you can take to learn from the mistakes of others. Don’t miss out on the valuable insights that Shawn has to share on this episode!

Planning for Change in Your Business

What is your attitude toward change? Do you love it and embrace it or do you run for the hills? As a business leader, you have to be willing to confront the subject of change if you want to see your team succeed! A huge reason why many business blunders occur can be traced back to a poor plan for change. On this episode of #SellingWithSocial, Shawn explains how leaders like you can put plans in place for the inevitable changes that your organization will need to face. Shawn focus in on why leaders need to take the time to think and plan ahead regarding the direction of their company. He speaks from his experience as a lawyer where he’s seen many businesses face unnecessary hardship when key leaders or owners step away from the business with no plan in place for succession or filling those vacancies. Don’t miss this episode as Shawn expands on this topic and much more!

Don’t Put all of Your Eggs in One Basket!

Do you know where the majority of your income comes from? Is your organization reliant on the business of one client or a small subset of clients? What about talent? Is everyone performing at the same level or do you only have one or two high performers who keep the rest of the team afloat? On this episode of #SellingWithSoical, you’ll hear from Shawn as he walks through the necessity of diversification to avoid the business blunder of putting all of your eggs in one basket. Shawn emphasizes why leaders like you need to do a thorough evaluation of your business to identify areas susceptible to sudden shifts in the marketplace or personnel changes. Take this opportunity to learn from the business blunders of others who have gone before! Don’t miss this pivotal episode!

This podcast is being brought to you by STAR – The Sales Team Alpine Retreat: A Frost & Sullivan Executive MindXchange taking place this February 7-9, 2018 in Lake Tahoe, Nevada.

Is it really necessary to have outside advisors?

How much do you value an outside perspective on your business? Do you take the prospect of utilizing advisors and mentors seriously or have you found little use for them? On this episode of #SellingWithSocial, Shawn and I discuss the important role advisors and mentors can play in your growth as a leader. I speak from first-hand experience here and I can tell you, mentors and advisors have played a critical role in my development as a business leader. I hope leaders like you will take the time to consider connecting with a trusted outside voice who can help you notice and even correct potential blind spots in your business. Learn more about the role of advisors and how they can help you avoid business blunders and additional insights from Shawn on this episode!

Outline of This Episode

• [1:10] I introduce my guest, Shawn McBride.
• [3:00] Shawn talks about his background.
• [9:00] Making a plan for business changes down the road.
• [18:00] Creating a safety net.
• [23:00] Don’t put all of your eggs in one basket!
• [25:00] Breaking down the numbers, make sure you have a diversified revenue stream.
• [32:30] What does getting advisers have to do with business success?
• [37:30] Should sales and marketers have advisors within the company?
• [39:30] Why leaders need to take on a mentoring role.

Resources Mentioned

• https://www.linkedin.com/in/rshawnmcbride/
• https://twitter.com/mcbrideforbus
• www.amazon.com/Business-Blunders-Dangerous-Mistakes-Protect/dp/0692733078
• www.yourbusinessspeaker.com
• www.mcbrideforbusiness.com (FREE Valuation Checklist)
• https://www.amazon.com/Its-About-Time-More-Matters/dp/1945605014
• Mark Zuckerberg
• https://www.geteverwise.com/
• www.vengreso.com/blog/effective-time-management-lessons-shannon-gregg-episode-40
• Top Gun

Connect with Mario!

• www.vengreso.com
• On Facebook
• On Twitter
• On YouTube
• On LinkedIn

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