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Financially Simple - Small Business Support

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Nov 12, 2018

In episode 107 of Financially Simple, Justin looks at ways to affect cultural change within a business.

Changing the the culture and values of an established business can be difficult, and can take a while to fully realise, but the potential benefits can lead to a significant increase in the value of a business. Justin considers the steps to take as a business owner to affect cultural change, and also looks at potential roadblocks to overcome.

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00:50 - How to Affect Cultural Change

02:24 - Commit

02:58 - Measure

03:50 - Define

04:28 - Align

05:36 - A Case Study

10:11 - Entropy and the Bottom Line

11:38 - Roadblocks to Growth

12:36 - Lack of Leadership

13:33 - Too Vague

13:50 - Short-Term Vision

14:20 - Lack of Feedback

14:29 - Lose Focus

15:29 - Low Level of Integration

15:40 - Closing



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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.