DecaMillionaire Decoded

In episode 82 of Financially Simple, Justin goes over the core strategies of Strategic Planning. There are three considerations of strategic planning - engagement, positioning, and growth. Justin examines each of these strategic aspects and the factors of each one. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! BLOG TRANSCRIPTION : 3 Question...

In episode 81 of Financially Simple, Justin talks about setting strategic objectives for your business. As your business grows, it's important to have clear goals to define the development of the business and keep it on track to your ultimate objective. Justin goes over setting goals, what they should be, and how to reach them. Don't forget to subscribe, and let us know how we are doing by leaving...

In episode 80 of Financially Simple, Justin looks at SWOT Analysis for business. A SWOT Analysis can help define a business' strengths, weaknesses, opportunities, and threats - knowing each of these aspects in a business can help it succeed and grow. Justin goes over each aspect of the SWOT Analysis, and how each relates to a business. Don't forget to subscribe, and let us know how we are doing by...

In episode 79 of Financially Simple, Justin takes a look at the values that will define your business. An individual's values and the values of their business define the character and reputation of them and their business. Justin examines the different values that are involved in business, why they matter and how having the right values can determine a business's sustainability. Don't forget to su...

In episode 78 of Financially Simple, Justin compares the Vision and the Mission of Strategic Planning Setting out a business's strategic plan as the owner, you'll need to know where you want to be in X years time and how you're going to get there. Justin explains and compares the Vision and Mission of VMOSTA. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks f...

In episode 77 of Financially Simple, Justin outlines the strategic planning process. Drawing up a strategic business plan can be a daunting task for many business owners - where to start, who to involve, and how to proceed. Justin explains his process, VMOSTA, and explains each step, as well as the who, when, and where. Don't forget to subscribe, and let us know how we are doing by leaving a revie...

In episode 76 of Financially Simple, Justin introduces Business Planning 101. As Benjamin Franklin once said, "Failing to plan, is planning to fail". In this episode of Business Planning 101, Justin looks at the planning habits of most business owners and goes over the core fundamentals of having a business plan and executing that plan. Don't forget to subscribe, and let us know how we are doing b...

In episode 75 of Financially Simple, Justin looks at the Dupont Formula and how it can be improved upon. The Dupont Formula is a Return On Equity strategy, first applied in the early 1920's. Justin examines this well established method, and updates it for the modern business world. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!   TIME INDEX:...

In episode 74 of Financially Simple, Justin gives an overview of the eight key areas of business and the respective personality types of each. When it comes to running a business there are eight identifiable areas of expertise, and with that comes different skillsets and suitable personality types for each area. Justin goes over the eight key areas and looks at the qualities and desirable personal...

In episode 73 of Financially Simple, Justin looks at the key concepts of Value Growth. There are various terms used in business that might be unfamiliar or confusing, and knowing the correct definitions of such terms is important for many reasons - not least, knowing the valuation of your business. Justin goes over some of the terminology relating to Value Growth of your business. Don't forget to...

In episode 72 of Financially Simple, Justin takes a look at Time Value Money and why it's an important concept to understand as a business owner. The value of money changes from one moment to the next, as it is affected by many various factors. Justin explains what Time Value Money is, what influences it, why it's important, and how it can be used. Don't forget to subscribe, and let us know how we...

In episode 71 of Financially Simple's Growing a Business series, Justin takes a look at the different types of Business Valuation. The value of something is tricky to determine, as there are so many variables both subjective and objective. Justin goes over the three main types of valuation, and their respective subtypes, and weighs in on which is best for working out the value of your business. Do...

In episode 70 of Financially Simple's Growing a Business series, Justin goes over the various types of Valuation methods for business. Understanding the different types of Value your business has is important when it comes to building and selling the business - some valuations will be more favorable than others. Justin gives an overview of the meaning of Value and the various ways a business might...

In episode 68 of Financially Simple's Growing a Business series, Justin goes over the principles that will determine the value of your business to potential buyers. When starting and even running a business, it's important to keep the end goal in sight - selling the business for maximum value. Justin looks at the six principles that will affect how valuable your business is and ultimately what the...

In this episode of Financially Simple's Growing Your Business series, Justin takes a look at the relationship between the cost of capital and risk. There are various knock-on effects from investing in your own business, that might have unforeseen costs and affect the value of your business. Justin goes over the ins and outs of the cost of capital and risk, and how it varies for large vs small and...

In episode #66 of Financially Simple's podcast, Justin examines how the value and profitability of a business are related by separate concepts. A business can be profitable in the market. But when it comes to its value when the owner wants to sell that business, it can turn out to be worth less than what the owner expected. Justin compares a business's value to its profitability and considers the...

In episode 65 of Financially Simple's Growing a Business series, Justin looks at maintaining objectivity in your business to maintain its growth. A lack of objectivity can lead to complacency, and that can lead to stagnation and limited growth. Justin considers what maintaining objectivity means as a business owner, why it's important, and how as a business owner you can keep being objective about...

Your business is alive and humming along. You now need to be focusing on growth. Certified Value Growth Advisor Justin Goodbread considers some of the business professionals he has had experience with on his own business journey and compares the goal of growth for profit vs. growth for value. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Rea...

In episode 63 of Financially Simple, Justin gives a short talk about continued learning and keeping your mind sharp. Running a business can be tiresome, and if you're not keeping up with the competition you might see your business starting to fail after putting so much into it. Justin talks about the benefits of continuing learning, and the beneficial, multiplicative effect gained knowledge can ha...

In episode 62 of Financially Simple, Justin talks to Dan Hall of Elite Service Mortgage. Your home can be your greatest asset, so having it properly financed will benefit your financial situation as well as your business's. Justin and Dan talk about getting a mortgage for your home, the different types, and what to look out for when sourcing a mortgage provider. Don't forget to subscribe, and let...

Running a small business means having a merchant account with a service provider, and along with that the often-overlooked pitfalls of such services, bank card transactions, and fees for business owners. Justin and Harold Freedman of Merchant Services and Consultants LLC go over some of the common misconceptions and mistakes business owners have about Merchant Services, and how to avoid those mist...

The world of marketing can be a confusing and complicated space. Online digital marketing can be even more so. Justin and Gavin Baker of Baker Labs cover the various types of digital marketing strategies small businesses can utilize to improve their prospects. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:  BLOG: Online Ma...

Having a diverse team will help your business, and when it comes to taxes, their knowledge and ideas will save your small business money. Justin and MBA tax planner Chris Mahan from Mahan & Associates discusses cooperative work between all the team players, tax reduction, and the new changes to the Tax Code. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks fo...

You know your product and/or service, and you know your customer. Justin looks at how you as a small business owner can increase your business's sales performance by being an expert in the field, identifying the needs of your ideal customer, and more. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  ARTICLE TRANSCRIPT:  BLOG: How to Get and Cl...

A business won't last if its products or services are not up to scratch. Justin goes over how to define quality control in your business, how to attain it, and procedures to maintain it. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT:  BLOG: Quality Control in a Startup Business... Is it Too Early to Think About?   TIME IND...