Mar 10, 2024
In this episode, join Michael in a conversation with
Mark
Cooper, the visionary Founder of Cooper
Automotive. Mark, with a stellar over $10 million revenue and a
proven track record of 10 successful stores, offers invaluable
insights into data-driven growth strategies in the auto industry.
Uncover the secrets behind his remarkable achievements and gain
inspiration for your small business journey.
Why would you wait any longer to start living the lifestyle you
signed up for? Balance your health, wealth, relationships and
business growth. And focus your time and energy and make the most
of this year. Let’s get
into it by clicking here.
Michael delves into our guest's startup journey, their perception
of success, industry reconsideration, and the pivotal stress point
during business expansion. They discuss the joys of small business
growth, vital entrepreneurial habits, and strategies for team
building, encompassing wins, blunders, and invaluable advice.
And a snapshot of the final five Grow A Small Business
Questions:
What do you think is the
hardest thing in growing a small business?
The hardest thing in growing a small business is the realization
that it becomes a lifestyle, not just a job. The constant 24/7
commitment means you're always immersed in it, even when you're not
physically there. Additionally, securing the necessary cash flow to
fuel business growth presents a significant challenge, especially
in the initial stages.
What's your favorite
business book that has helped you the most?
Mark's top two favorite business books are "Losing My Virginity" by
Richard Branson and "The E Myth" by Michael E. Gerber. "Losing My
Virginity" was incredibly inspiring and motivated me on my
entrepreneurial journey, while "The E Myth" helped me understand
the fundamentals of business, especially as someone who ventured
into entrepreneurship without prior experience.
Are there any great
podcasts or online learning resources you'd recommend to help grow
a small business?
I highly recommend the "Take the Lead" podcast and the "Business
Buying Strategy" podcast by Jonathan Jay. Both provide valuable
insights and strategies for business growth and development.
What tool or resource
would you recommend to grow a small business?
Utilizing a dashboard of key metrics is essential for monitoring
business performance. Whether it's through Power BI or any other
program, it's crucial to identify and monitor the key drivers of
your business consistently.
What advice would you give
yourself on day one of starting out in business?
Looking back, I would advise myself to invest time in
learning about business fundamentals before diving into
entrepreneurship. Understanding basic concepts like reconciling
bank accounts can save a lot of hassle in the long run. So, my
advice would be to read up on business or take some courses before
starting a business venture.
Book a 20-minute Growth
Chat with Troy Trewin to see if you qualify for our upcoming
course. Don't miss out on this opportunity to take your small
business to new heights!
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iTunes or your preferred platform. Your feedback helps more
small business owners discover our podcast and embark on their
business growth journey.
Quotable quotes from our special Grow A Small
Business podcast guest:
Make decisions based on data and facts, not just gut feelings –
Mark Cooper
Health comes first; without energy and focus, business suffers
– Mark Cooper
Invest in personal development; it's a key to success in
business – Mark Cooper