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The ONE Thing with Geoff Woods

Discover the surprisingly simple truth behind extraordinary results. Learn how the most successful people in the world approach productivity, time management, business, health and habits with The ONE Thing. A ProduKtive® Podcast.
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The ONE Thing with Geoff Woods
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May 18, 2020

If you could only choose one of the needs of your business to meet, which would you choose?

Humans have a hierarchy of needs. It starts with psychological needs like water, food, and air. We have a need for safety — personal security, access to resources. We have a need for belonging, love, esteem, and at the very top, self-actualization. And just like humans have a hierarchy of needs, so too do our businesses. As humans, we’re instinctually wired to go for these things, and in the right order, but our businesses are not.

Mike Michalowicz, author of the best-selling book ""Profit First" and the upcoming book “Fix This Next,” talks about how you can adapt your business to focus on the things that matter most, and in the order that makes the most sense.

 

To learn more, and for the complete show notes, visit: the1thing.com/podcast.

 

In this episode, you will learn...

  • [04:35] What inspired Mike to write “Fix This Next”
  • [08:54] The 5 levels of business needs
  • [12:58] The recession response pattern
  • [22:31] The mindset that you need to adopt
  • [32:29] Our obligation to sell in this market
  • [36:05] How to figure out what to fix next
  • [37:48] Focusing on profit first
  • [42:43] How to implement the “Fix This Next” model effectively
  • [50:48] The 10-10-10 Method
  • [58:42] Block control

 

Links & Tools From This Episode

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You can get 20% off Grammarly Premium when you sign up at grammarly.com/onething.

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Do you run a small business?

Small business owners wear a lot of hats. Some of those hats feel incredible to wear. However, filing taxes and running payroll... well, for most of us, they don’t feel great and they’re not our ONE thing. That’s where Gusto comes in to help you make payroll, taxes, and HR easy. So ask yourself, it time to take off some of your hats?

You can get three FREE months when you run your first payroll at Gusto.com/ONE.

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