847: Grow Your Profits, Business, and Life with Tim Redmond

When you become a business owner, your main goal is to establish your brand and grow, but turning a small business into a big one is not easy. Unfortunately, this doesn't happen overnight. Growth is an ongoing process that requires hard work, patience, and dedication. There's no particular step or secret way to surpass other businesses in the industry or achieve immediate success.

Tim Redmond is the founder of Redmond Growth Consulting, a business growth company that helps service-based businesses like contractors, doctors, lawyers, and accountants to increase their profits, streamline their operations, and gain more freedom in their lives. With over 20 years of experience in business coaching and consulting, Tim has helped numerous clients transform their businesses and achieve remarkable results, such as one plumber client who grew his monthly revenue from $100,000 to $500,000. Today, Tim shares his insights on how businesses can break out of the scarcity mindset and embrace an abundance mindset, focusing on improving lead generation, pricing, sales processes, and building effective teams.

Quotes

“We're created to create, yet often we go in kind of checked out. Instead of acting upon our surroundings to make our world operate and behave the way we want, we become more victimized by what's going on.” - Tim Redmond

“If you have a service company, the more you serve, the more you make, and hopefully the happier people are. That's creating wealth.” - Tim Redmond

“Your business doesn't require as much work as you think it does. If you have systems in place and create a cadence in your business, it can run more efficiently.” - Tim Redmond

Takeaways

01:02 Businesses can transform their operations and profitability by improving lead generation, pricing, sales processes, and building effective teams.

06:12 Maintaining regular communication and getting customer reviews can unlock significant untapped revenue potential for service-based businesses.

11:18 Implementing systems and creating a structured cadence in the business can reduce the time and effort required, allowing business owners to work less while earning more.

16:35 Shifting from a scarcity mindset to an abundance mindset can unlock new possibilities and help business owners achieve their desired goals.

21:27 Dreaming and clearly defining what one wants their business to provide can unleash the brain's creativity and lead to exciting new opportunities.

Resources

Podcast: Play in new window | Download (Duration: 26:55 — 37.2MB) | Embed

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Filed in: Archive 4: 2020-2023 • Interview • Podcast

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