Insights into Modern Business Practices and Success with Richard Mashburn-PART 2
Manage episode 468539947 series 3010719
What happens when the cost of doing business in the rent-to-own industry spirals upwards? Discover how rising dealer premiums, shifts in funding costs, and fraudulent activities are reshaping profitability, compelling businesses to rethink their strategies in marketing and finance. We unravel the significance of understanding true costs, from transportation to property values, and the critical need for staying adaptable in a landscape filled with financial challenges. Engage with us as we also delve into the potential compliance threats surrounding tax laws for 1099 employees and learn why adaptability is key in maximizing market opportunities.
Is it possible to maintain personal integrity while fiercely pursuing profit in business? We explore this captivating tension, offering insights into the often manipulative application of faith-based principles in business decisions. Through candid stories and thought-provoking dialogue, we question whether the real change needed is at the industry level or within individuals themselves. Throughout these conversations, we stress the importance of remaining true to one's principles and the impact of discrepancies between proclaimed values and actual business practices.
Are you truly prepared to scale your sales processes and maximize future purchase price? Explore strategic steps to achieve success in the manufacturing sales industry, with a focus on scalable and replicable processes. We look into the benefits of owning locations, maintaining a full sales pipeline, and the role of robust systems like Business Development Centers in the car industry. Furthermore, we highlight the power of collaboration, feedback, and vulnerability, presenting the idea of forming non-competing groups for fostering innovation. Join us as we reflect on finding balance between ambition and contentment, leaving a positive impact, and maintaining focus amidst life's distractions.
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This episodes Sponsors:
Studio Sponsor: Union Grove Lumber
Digital Shed Builder
Shed Geek Marketing
iFAB LLC
NewFound Solutions
Solar Blaster
Chapters
1. Insights into Modern Business Practices and Success with Richard Mashburn-PART 2 (00:00:00)
2. Rent-to-Own Profitability and Industry Challenges (00:00:08)
3. Navigating Faith and Business Ethics (00:10:28)
4. Business Ethics and Industry Challenges (00:23:40)
5. Strategies for Scaling Sales Processes (00:33:57)
6. Industry Insights and Ethics " (00:45:06)
7. Industry Networking and Knowledge Sharing (00:54:15)
8. Personal Reflections on Success and Contentment (01:01:03)
328 episodes