Shows
Business BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueStreamline Your Payment Process: Get Paid on Time Every Time | BBDIY 010Streamlining Payment Processes for Small Business SuccessIn this episode of Business Beyond DIY, host Steve Krausse addresses the common discomfort business owners feel when collecting money owed to them. He provides practical and actionable steps to streamline getting paid, ensuring it becomes an objective process. The episode covers four key actions: getting paid in advance, clarifying payment terms, making payments easy for customers, and controlling the credit offered to clients. Steve emphasizes the importance of maintaining clear communication, using digital invoicing systems, and considering the pros and cons of taking legal action or using third-party lenders...
2025-03-0125 min
Business BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueInput vs. Participation | Business BeyonDIY | 009Navigating the Complexities of Input and Participation in Business ManagementInput vs. Participation | Business BeyonDIY | 009Show Notes: https://nocobc.link/bbdiy009In this episode of Business Beyond DIY, host Steve Krausse explores why a proposed document control system faced implementation challenges despite incorporating input from various stakeholders. He emphasizes the importance of distinguishing between input and participation in a business setting. By defining both terms and elaborating on their benefits and risks, Krausse illustrates how to effectively gather valuable input and foster meaningful participation. He also shares practical advice on setting realistic expectations...
2024-07-2926 min
Business BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueChange is hard… Does it have to be? | Business BeyonDIY | 008Change is hard… Does it have to be? | Business BeyonDIY | 008Overcoming Resistance: Effective Strategies for Change Management in Small BusinessesIn this episode of 'Business Beyond DIY,' host Steve Krausse discusses the common perception that 'change is hard' and explores whether it truly has to be that way for small businesses. Steve identifies factors contributing to resistance to change, such as discomfort with unfamiliarity and perceived threats to job roles. He offers practical strategies for motivating employees by aligning their self-interests with business goals, suggesting mechanisms like profit sharing, improved working environments, and better to...
2024-07-1618 min
Franklin Taggart's Virtual Coffee BreakThe Value of Your Business - Stephen KrausseMost solopreneurs and freelancers don't start businesses with the idea that they might one day sell them. They usually just want to build something they enjoy doing that generates the income they want. But Stephen Krausse suggests there may be value being created that will someday be worth passing on.
Stephen Krausse helps entrepreneurs buy and sell businesses. In this visit with Your Own Bst Company, Stephen gives host Franklin Taggart a quick view of what makes a #business sellable, mistakes to avoid when buying and selling, and protecting intellectual property, and shares a simple way to...
2022-05-2742 min
Business BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueBusiness Valuation Methods | Business BeyonDIY | Episode 007How will they value my business?That's what we're asking when we start to look at our exit strategy.If you research this you'll find what looks like a lot of possible valuation methods.Today I'll talk about what they mean and see if we can simplify the process.Spoiler alert... we can!Chapter MarkersTBD after the show!Because the stream cut me off... Remember that doing it yourself doesn't mean going it alone! :)Need Business BeyonDIY on the go? Check your favorite podcatcher!https://podcasts...
2022-04-1129 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueInventory Transferability & Value | Run it Ready to Exit | Business BeyonDIY | Episode 006If you’re running a product-based business you’re dealing with inventory. Inventory management has a direct impact on the profitability of our business. How easy it is to transfer not only our physical inventory but the processes, sources, and relationships that power our inventory will have a direct impact on how the value a potential buyer will place on our business.At first glance, you might think inventory is one of the easiest parts of a business to put a number on when you’re getting a business ready to exit.Or is it?
2022-03-2530 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueValuing Your Business | Seller's Discretionary Earnings | Business BeyonDIY | Episode 005Valuing Your Business | Seller's Discretionary EarningsWhen it's time to value your business it can quickly seem overwhelming.It doesn't have to be!There are a number of standard valuation methods that are used and in this episode, we'll go through one of them called 'Seller's Discretionary Earnings' or SDE.We'll talk about:1. What are Seller’s Discretionary Earnings?2. When the Seller's Discretionary Earnings method should be used.3. How SDE is calculated - with two examples.4. Resources available to help you DIY.Download the sample wo...
2022-03-2038 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company Value3 Warning Signs for Business Buyers | Business BeyonDIY | Episode 004There are no absolutes when it comes to ‘warning signs’ and just because a warning sign exists doesn’t mean there is a substantive problem with a deal.Warning signs are merely what I call notifications for specific due diligence.You may see warning signs in the initial numbers, the shared business plan, or other documentation. It is equally valid to explore warning signs that you just sense. If something feels off to you, explore that feeling enough to find verifiable ways to either confirm or disprove the concern.Today we’ll cover three sp...
2022-03-1034 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company Value3 First Steps to Sell Your Business | Business BeyonDIY | Episode 003Get off to a good start when you’re ready to sell your business by putting these three things in place as early as possible.I know you’re thinking about how much you’ll get. You might even be working on the project that you want to start after the sale, whether that’s your next venture, a long vacation, or retirement.Bear with me though, it will be worth it.While these are key elements of a successful sale, they are for you not necessarily for sharing. That means the format and form...
2022-03-0334 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueWhy Ask Why? | Business BeyonDIY | Episode 002Why are you are buying a business?There’s no wrong answer but understanding YOUR answer matters!In some circles, the word ‘why’ is avoided and there are some good reasons for that. It can be off-putting and tends to put us on the defensive as we try to rationalize our position on a subject.“Why did you do that?”“Why is that important?”So, it makes sense that “Why are you buying a business?” might immediately make us uncomfortable.Answering this question isn’t about justification or defense. It isn’...
2022-02-2434 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueRun it Ready to Exit | Business BeyonDIY | Episode 001Q: How do you get the best value out of your business when you’re ready to exit?Q: How do you get the best value out of your business while you’re still running it?A: Good News! We can use the same work to meet both outcomes!As entrepreneurs & business owners, it’s easy to get wrapped up in the doing. This puts both the day-to-day operational performance and our long-term value generation (exit value) out of focus.The ‘doing’ is important. In fact, it’s critical, it’s what our customers...
2022-02-1739 minBusiness BeyonDIY | Improve Your Happiness, Impact, Profit & Company ValueIntroducing Business BeyonDIY | Business BeyonDIY | Episode 000Introducing our new show "Business BeyonDIY"!Buy a BusinessSell Your BusinessGet your business ready for sale!I'll be covering topics relating to the transfer of business value so if you're thinking of buying a business, selling one or have one that you want to prepare for sale in the future... you're in the right place!Contactstephen.krausse@b50p.comhttps://beyond50percent.comConnect on SocialLinkedIn | https://www.linkedin.com/company/beyond-50-percentInstagram | https://www.instagram.com/beyond50percent/Facebook | https://www.facebook.com...
2022-02-1029 min
Under Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkPreventing and Handling Missed SCUBA Dives ;( | Under Pressure Divecast | Episode 014Preventing and Handling Missed SCUBA Dives ;(Hey Under Pressure Dive Buddies!I want you to think back to a time when you were really looking forward to something. Maybe you were looking forward to a specific outcome on a project at work. Maybe it was an upcoming holiday. Maybe it was your next dive trip. What happens when things don't work out as you expected? I was planning to go down to Santa Rosa, NM last weekend and I had to call off the trip.It was a bummer but it brought to...
2021-11-0334 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkSnorkeling vs SCUBA Diving | Under Pressure Divecast | Episode 013Snorkeling vs SCUBA DivingWhat if I told you that there is a way to enjoy the reef when SCUBA diving isn't an option or if you're a diver traveling with non-divers?Snorkeling is an underestimated supplement to SCUBA and unless you've actually taken a class there are skills and techniques that would allow you to get much more out of your snorkeling opportunities.So rather than snorkeling vs. SCUBA Diving like yet another MCU movie, snorkeling and SCUBA diving are buddies.Let's dive into reasons snorkeling can be a valuable part...
2021-10-1632 min
The Up and to the Right | Small Business | Practical, Actionable, Sustainable ImprovementsUp and into the Future! | Up and to the Right | Episode 62Business Pivot TriggersPractical Approaches to PivotsWhat's Next for Up and to the Right?Contact Beyond 50 Percenthttps://beyond50percent.comstephen.krausse@b50p.comIG & TW @beyond50percent
2021-10-0151 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkAvoid Running Out of Air SCUBA Diving | Under Pressure Divecast | Episode 012Avoid Running Out of Air SCUBA DivingOne thing we can count on when we're on land is that we don't run out of air. When we're diving though, this becomes a possibility with serious consequences.The good news is that an out of air emergency is very preventable before the dive and air issues in the water can be successfully managed by following basic recreational dive principles.Let's dive into avoiding out-of-air emergencies when we're SCUBA diving!Dive into the full show notes | https://updiveblog.link/updc012
2021-09-3049 min
Flow RisingComfort in The UncomfortableSit With Discomfort for Max Growth. Then Lean In and See What Comes Up
Running a business is a game that is 99% mental. You show up and do the work every day and sometimes you'll still feel like the business is stuck. This week Stephen Krausse chats about how stuck is really not a state of being but more a state of thinking.
He muses, "And so if that's how we're feeling, if we're feeling like we're not getting that forward momentum, if we back up enough to say, what would it look like if I were...
2021-09-2728 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkHow to Be a Great Dive Buddy! | Under Pressure Divecast | Episode 011What makes a Great Dive Buddy?If you've been diving for a while you've probably already been on a dive with a great dive buddy! You've also most likely been on a dive with a buddy that was well, not so great.What makes one dive buddy great and what makes another give you the urge to embrace the cancel culture?How can you make sure that you are a good... no GREAT dive buddy?Let's dive into what makes a great dive buddy!Dive into the...
2021-09-2450 min
Flow RisingAre Your Habits A Habit?Good or Bad Habits Rule Our Lives Because Every Repeated Action is A Habit.
Think about your day-to-day routines, do you have habits? Interesting thought right? Well we all have habits in our lives and sometimes they are helping other times they are taking away. Stephen Krausse, an experienced business owners, shares his thoughts on habits. Talking about habits as either intentional or accidental.
Steve explains, "Every day when you go to work. You're either building or reinforcing a habit. And and the question is whether or not that is an intentional process, or an acciden...
2021-09-2126 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkSCUBA Diving and Managing Motion Sickness | Under Pressure Divecast | Episode 010It's definitely an 'uncomfortable' topic but we're going to talk about SCUBA diving and managing motion sickness.I started diving here in Colorado in 2002. I never had any trouble with motion sickness and SCUBA diving until I went on my first dive trip to Cairns, Australia later that year on a liveaboard.I was so sick that I had to cut my time on the boat short by a day or two. Is there anything I could have done to get the most out of my time and enjoyed it more?Let's dive...
2021-09-1348 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkWhat SCUBA Gear Should I Buy First? | Under Pressure Divecast | Episode 009When I first started diving the tag line around SCUBA was that it was a 'gear intensive sport'. I honestly think that singling out SCUBA like that is a mistake. If you look at any adventure sport there is a lot of gear that you need to stay safe and get the most out of the experience.That said... there is some gear involved and if, like most of us, you're on a budget then you have to make some decisions about what to buy first.Let's dive in to getting the most out of...
2021-09-0736 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkDo you need a SCUBA skills Update? | Under Pressure Divecast | Episode 008You love SCUBA, but life happens and you haven't been in the water for a while. How do you know when you need a SCUBA Skills Update?Let's dive into how often we need to refresh our diving skills!In episode 008 we're going to talk about...1. What is a SCUBA Skills Update2. Time Limits on SCUBA Certification3. When MUST a certified SCUBA Diver get an Update4. When SHOULD a certified SCUBA Diver get an UpdateDive into the full show notes | https://updiveblog.link/updc008
2021-08-3028 min
Flow RisingTalk Their Talk, Walk Their WalkMessaging Is Not About You. Learn To Speak To, Not At, Your Customers
When it comes to talking about what you do it can be easy to just say it in a way that you get. That may not work for your audience or potential customers. Stephen Krausse, a business operations expert, shares his experience with missing the mark on messaging. He explains that when you share about your business sometimes it's not the right words.
Steve muses, "the person you're talking to may have that pain point. But they may not define it the same way...
2021-08-3013 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkLosing Your Mind on SCUBA | Under Pressure Divecast | Episode 007Are you losing your mind... on SCUBA? Have you ever been completely ready for a dive, listened to the briefing and knew what you needed to do only to submerge and realize you have no idea what's going on?Let's dive into why we forget what we just heard and what to do about it!In episode 007 we're going to talk about...1. Losing Your Mind on SCUBA2. What to do about it!3. Gear Junkies Garage | Dive Slates4. Tip | Diving Within Your LimitsDive into the full show notes | https...
2021-08-2530 min
Flow RisingA Niche, The Great RelieverA Smaller Market Means Higher Quality Service
The term niche is thrown around a lot these days. All it really means is finding the best fit for your business. It's where your skills and your customers match the best.
Stephen Krausse, a expert on running businesses, shares how a niche helps you in more than just marketing. He states,"But operationally, narrowing your niche is a gift. Okay? It's a gift to your business and to yourself, because it allows you to focus your attention on the people that you can serve best with the produc...
2021-08-2314 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkSCUBA Mask Care and Maintenance | Under Pressure Divecast | Episode 006Even though taking care of a SCUBA mask is easy, proper and thoughtful care will help you get the most out of all your SCUBA gear and your diving mask is no exception.Let’s break it down and find out why!In episode 006 we’re going to talk about how to prepare a SCUBA mask for its first dive and general SCUBA mask care and maintenance.Dive into the full show notes here: https://updiveblog.link/updc006
2021-08-1427 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkChoosing a SCUBA Mask | Under Pressure Divecast | Episode 005Did you know that every feature of a SCUBA diving mask can make a difference in your underwater experience? Let's break it down and find out why!It's been a long time since Episode 004 of the Under Pressure Divecast! I'm looking forward to producing more SCUBA content; sharing the sport of recreational SCUBA diving and providing practical information and perspective about getting the most out of every SCUBA dive!In episode 005 we're going to talk about how to choose a mask for SCUBA diving.It's time to dive in!
2021-08-0844 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear TalkIntroducing the Under Pressure DivecastThe Under Pressure Divecast is a livestream and podcast dedicated to the sport of recreational SCUBA diving.Each week we'll do a live show on Friday's at 2PM Mountain time.The live show will be recorded and converted into an audio podcast which you can find on your favorite podcatcher.We'll talk about SCUBA diving news, gear, tips and topics related to making your next dive your best SCUBA adventure!
2021-08-0302 min
Flow RisingBiz Stuck? Trust Your GutThe Answers and The Courage Are Inside.
No matter how long you are in business, from time to time things can just slide off the rails behind your back or just out of sight. Stephen Krausse, our operations expert, knows all about having a business that is moving a million miles but something just feels wrong. Sharing his thoughts on trusting your own gut Steve says, "the reality is that that, you know, a lot of times, being a business owner means going with your gut, whatever that looks like." Running a business takes courage to make decisio...
2021-07-2718 min
Flow RisingHow You're Holding Your Biz Back And You Don't Even Know ItUnderstand the Difference Between Marketing and Sales to Understand Where You're Stuck
Marketing a business is everything that doesn't involve actually taking money. The money transaction is the sales part and that is where so many entrepreneurs fall down. For one reason or another, they get to the money part and simply stop.
Small business coach, Stephen Krausse, talks about when you get stuck in your sales process it's not during your qualification stage it's actually in the conversation with a potential customer stage. So what Stephen recommends is that you put on your curiosity h...
2021-07-1927 min
Flow RisingStephen Krausse's Story- In His Own WordsMeet Stephen Krausse
In His Own Words:
My vision? A world where successful small businesses are the rule, not the exception. I know success looks different to every entrepreneur because we're all different. 30 years of experience starting, buying, operating, and selling small businesses has taught me two things. Businesses are bought and sold on the perception of future value. Business owners are oftentimes experts in fields outside of business. I built Beyond 50 Percent to help owners stay in the top 50% of businesses that are still around year after year. I developed Business BeyonDIY to help entrep...
2021-07-1323 min
Flow RisingGet Help...It Adds Real ValueStop Doing Tasks that Drain You Business owners are notorious for working themselves to the bone and rarely getting help. Our operations expert, Stephen Krausse, shares that type of thinking may be causing more harm than good. "if you work 60 hours, and that's your, your, your lever to convince you, you need help, and then you hire someone and you're working 60 hours so that you can pay them, you haven't solved the problem. Okay? So, you know, you really need to look at your own character, and what are you going to do with your time." Understand yourself and how...
2021-06-2934 min
Flow RisingWhat if Stuck Isn't Really Stuck?Running a small business is exhilarating and challenging! There are always times when you feel you are well and truly stuck but are you?
After 30 years of running small businesses, Stephen Krausse shares some tips on how to push yourself through the tough times. He shares,"I came up with kind of three scenarios where business owners get stuck. One is we get stuck on revenue generation, we get stuck on cash, and we get stuck on people. Right. And so I thought we'd go through each one of those things and just kind of talk about...
2021-06-2231 min
Flow RisingWhat's Your Cash Boundary?Big or Small All Businesses Have One
Starting out in business is a challenge even if you have $1,000,000 to start. Steve Krausse, our operations expert, shares how the money you start with is just that, a place to start. In fact, he muses that if you say, " I've got a million dollars to build my company, or I've got $12 to build my company, it doesn't. Neither of those things means you're going to have success or failure. They mean you have a different set of constraints." Understanding your starting place gives you a chance to take only thos...
2021-06-1429 min
Flow RisingThe Corrected Path To BusinessIt's really a minefield, not a path! Let's be honest, starting a business is a heck of a rewarding and amazing adventure! So much so that Stephen Krausse, our resident ownership guru, has decided to do it for a 4th (or maybe 5th) time. Steve shares his journey and struggles with changing businesses. In fact, when musing about the importance of taking action he shares that, "I finished my promise statement yesterday. What am I going to promise to the marketplace, what are people going to see on the website, and it's probably a little too long and needs a littl...
2021-06-0725 min
Flow RisingAll Problems Have Been Solved BeforeWhen stuck or facing an unknown in your business, start by getting it all out of your head. (Go ahead...) See, it doesn't take long once it's actually on paper. Here's what Stephen Krausse, the FLOW operations expert, says about breaking down the big scary issues into smaller bite-sized chunks so you can just get working. "I always say, there's no problem in business that hasn't been solved. So, I would absolutely engage Google to look or any search engine to search the internet for ways that other small business owners have solved that particular issue, and write them down...
2021-05-2431 min
Flow RisingDon't Overcome Fear- Use It!From the mundane like, will I have revenue this month to the more irrational fears of no one likes me, Stephen Krausse knows a thing or two about facing fear. However, with more than 30 years of business ownership under his belt, Steve has a unique perspective on fear as he shares in this recent expert session. Steve shares, "fear isn't something we need to overcome. So that's a misnomer if people have that in their heads. You don't get to overcome fear. You get to work through it, and you get to find the power that you have to wor...
2021-05-1033 min
Flow Rising3 Keys to Running A BusinessStephen Krausse, our operations expert, shares his top three must have's in your business.
One- Possess a positive mindset. "It's okay to make mistakes. And, and if you're going to do a business you're going to make them, and just learn to get right with it." Two- Gather the experts in your corner. "three experts, you should always have on tap, and one of them is a lawyer, one is an accountant, and the third one is HR." Three- A strong connection to your reason for starting a business. "And if it's, if it like I said if [you...
2021-05-0324 minThe Up and to the Right | Small Business | Practical, Actionable, Sustainable ImprovementsMoney Doesn't Mix | Up and to the Right | Episode 23See the show notes: https://b50p.info/uattr023Let’s see…A little something from our personal account…A little from our business account…Let’s just give it a little mix here...Hi, I’m Stephen Krausse with Beyond 50 Percent and it’s time to roll up our sleeves and get to work with another episode of the Up and to the Right Podcast.When you’re running a small business it may seem easier to just use your personal checking account and credit card to operate your...
2019-12-0617 minThe Up and to the Right | Small Business | Practical, Actionable, Sustainable Improvements4 Acquisitions 4 Lessons | Up and to the Right | Episode 022M&A or mergers & acquisitions might not be on the tip of your tongue as a small business owner but as we plan for retirement or other transitions, acquisition begins to find its way into our world.Hi, I’m Stephen Krausse with Beyond 50 Percent and it’s time to roll up our sleeves and get to work with another episode of the Up and to the Right Podcast.Over the course of the last twenty years I’ve been involved in four acquisitions and each time I had a different role to play. In 2000...
2019-06-2624 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear Talk004 - SCUBA Diving With a Dive Knife | Aqwary Smart ConsoleDo you dive with a knife? In this episode I discuss the reasons for diving with a knife. In the tip of the week I offer some considerations about where to mount your dive knife. The Gear Junkie's Garage is looking forward to a new product from Aqwary call the Smart Console... 70 dive buddies?!
2014-08-0123 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear Talk003 - SCUBA Diving on the Go | Considerations for SCUBA TravelIn this episode I talk about some of the considerations we have when we travel. Whether we are traveling specifically to dive or if we might have the opportunity to do so!In the Tip of the Week I offer four tips for making your dive travels a little easier.In the Gear Junkie's Garage I talk about my first experiences with a magnetic regulator hose clip.
2014-07-2526 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear Talk002 - SCUBA Diving at the Homestead CraterWhen was the last time you put on your dive gear with just a swimming suit and knew that you wouldn’t get cold no matter how much time you spent in the water? Or had the opportunity to SCUBA dive under a dome of mineral deposits in a geologic landmark?If you’re like me then you crave new dive experiences and the Homestead Crater in Midway Utah is going to be on your ‘must dive’ list.
2014-05-2721 minUnder Pressure Divecast | Recreational SCUBA Diving Education, Information, Tips and Gear Talk001 - How I Found SCUBA DivingGetting to know the Under Pressure Divecast & SKuba Steve.5 things to do on your next safety stop.Take a look at the Misfit Shine in the Gear Junkie's Garage.
2014-05-0810 min