After losing his entire life savings to a failed investment, Donald Miller came face-to-face with the brutal truths of entrepreneurship. Instead of giving up, he took full ownership of his setbacks and rebuilt from the ground up, scaling his company to $17 million in revenue with over 50% profit margins. In this episode, Donald breaks down his 6-step framework for building a profitable, scalable, and system-driven business. He shares how entrepreneurs can streamline operations, master sales and marketing, and transform any startup into a thriving revenue-generating business.
In this episode, Hala and Donald will discuss:
(00:00) Introduction
(02: 40) Why Most Small Businesses Fail
(05:13) The “S” Curve That Crashes Business Growth
(08:21) Professionalizing Operations to Scale
(14:56) The Airplane Model for Business Strategy
(21:33) Crafting Mission Statements with Economic Goals
(33:34) Core Values That Guide Business Leadership
(36:47) The 3 Types of Business Leaders
(39:35) The 6-Part Sales Email That Closes Deals
(48:47) Why Story-Driven Selling Closes More Deals
Donald Miller is a New York Times bestselling author, entrepreneur, and the CEO of Business Made Simple and StoryBrand. Renowned for his ability to simplify complex business concepts, Donald has helped thousands of entrepreneurs clarify their message, increase revenue, and scale sustainable companies. He’s also the host of the Business Made Simple podcast and has trained teams at major organizations like Procter & Gamble, Ford, and Tempur-Sealy. His six-step business framework is revolutionizing the way small businesses operate, grow, and succeed.
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Resources Mentioned:
Donald’s Book, How to Grow Your Small Business: bit.ly/Grow_SmallBusiness
Donald’s Book, Building a StoryBrand: bit.ly/_StoryBrand
Donald’s Instagram: instagram.com/donaldmiller
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Transcripts - youngandprofiting.com/episodes-new
Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, Career, Leadership, Health, Growth mindset, Entrepreneurs, side hustle, Startup, Starting a business, Passive income, Online business, Solopreneur, Founder, Networking