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
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
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 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 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 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 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
Under 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