How to Reduce Business Creep into Your Personal Life with Adam Sonnhalter and Jack Mencini
Separating Your Business Life from Your Personal Life
This podcast talks about the fact that despite being a business owner, you are also a person. It’s not a crime to have hobbies or to spend a couple of hours a day out of your business to pursue your personal interests. The world will not end if you have to turn your phone off for a few days to enjoy a movie, play a round of golf or read a book.
Listen to the Podcast to gain great insight with tips to reclaim your life as a business owner
Married to the Business – Work with your spouse? How does it work? How do you make it work? How do you keep work out of the home life?
Adam and Jack joined host, Diane Helbig of Accelerate Your Business Growth, to share their insights.
Each episode of Accelerate Your Business Growth provides insights and education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful.
Learn more about Helbig Enterprises.
How To Achieve Maximum Value For Your Small Business w/ Adam Sonnhalter & Jack Mencini
Adam Sonnhalter and Jack Mencini were recently featured on Sweat Equity Podcast with interviewer Law Smith.
Jack and Adam recently appeared on the Business Way Outside the Box hosted by Steve Dubin. Business Way Outside the Box focuses on small businesses and franchises that have a unique story or have a non-traditional offering. What we offer at Maximum Value Partners certainly qualifies under that criteria.
Check out the audio version of podcast on Anchor or the video on this post.
Jack and Adam just published an article in Crain's Cleveland Business about this very subject. It's a very thought provoking read for any business owner. Read More.
Do you ever feel like you're "stuck" in a state of How in your business? Read this article by Jack and Adam in Crain's Cleveland business where they discuss how to create and investment mindset about your business. Click the image below to read the full article.
On Monday September 18, 2017, Jack and I had the pleasure of joining Jim Blasingame again on his radio program, The Small Business Advocate Show, to chat about small business. We covered a couple of topics that are near and dear to our hearts and many small business owners:
- How do you fire relatives who are employees of your small business
- Tips and strategies to transition your small business to your kids or an outside buyer
Jim was surprised to hear that we recommend owners pay their relatives to stay away from the business. We have found that certain family members cause more harm by actually being involved in the business so it makes better sense to simply pay them to stay at home!
Another option to “fire” your relative is to make them quit so that it’s their idea. One way to accomplish this is to move them around to different roles within the business and if there isn’t a spot where they fit, they often come to their senses that they don’t belong and will elect to go elsewhere.
On the transitioning the business front we spoke with Jim about the importance of having a profitable company when it comes time to turn it over to your kids or another internal person. If you have profits then you'll have some flexibility in terms of how you want to structure the deal and will likely enable the current owner to play the “bank” in the transaction.
One thing people need to realize with the sale of a small business is that maximizing the selling price usually isn’t the number one goal. More often the current owner wants to make sure that the right person takes over the business.
Brian-Kyles Hosts Open House for Ohio Landscape Association
Our long-term client Brian-Kyles Landscapes of Distinciton recently hosted an open house for the Ohio Landscape Association and got the chance to show off a few things that have contributed to their success.
This 2nd generation company continues to grow and make strides. The event gave President Brian Maurer a chance to show off the team that has helped them achieve this sustained success.
Here is a link to the article in Landscape Management Magazine:
Over the years of coaching small businesses, Adam Sonnhalter has learned that most owners don't understand the financial aspects of their businesses. He explains why in his guest article on Small Business Trends, Why Small Business Owners Must Understand Financial Statements
Don't miss it.
Podcasts featured on new website
Cleveland, OH–September 28, 2016– Maximum Value Partners (MVP) specializes in helping small business owners answer their “how” questions – how to expand, how to restructure, how to make more money, how to make the next big leap. MVP itself is taking a very big leap in launching a new radio show called Dirty Secrets of Small Business. The show airs every Monday at noon (EST) on Integrity Radio WINT 101.5 FM -1330 AM.
The radio hosts and business partners, Jack Mencini and Adam Sonnhalter, bring a unique perspective to their business-coaching clients as well as followers of the radio show. They share an irreverent blend of solid business acumen and telling it like it is advice, which has helped hundreds of their clients, become profitable and successful over the past 15 years. Fans of the show say that the banter between Wall Street-savvy Adam and in-the-trenches-down-and dirty entrepreneur, Jack give a perfect blend of a kick-in-the-behind advice most small business owners need but never get from their attorneys or accountants along with key insights you won’t find anywhere else.
“Many small business owners have a big vision but lack the skill set to realize it,” said Mencini. “Adam and I have developed the ‘7 Keys to Success’ framework, which gives business owners the confidence and ability to succeed. Our collective background and experience can help guide them toward their goals no matter what stage they are in.”
MVP applies the “7 Keys to Success” framework to the development of a business strategy that is customized to fit the needs and goals of the individual business owner. The MVP “7 Keys to Success” are:
1. Vision
2. Profit Plan
3. Marketing Plan
4. Organizational Plan
5. Leadership
6. Cash Flow Forecast
7. Presentation
Listeners to the weekly show and the podcasts, (which are offered through iTunes or the MVP podcasts) often hear references to strategies, which Jack and Adam use in coaching their clients.
According to one listener, “I was surprised what I learned for my business after listening to the show a few times. It made me want to tune in to the podcasts to get more insights to help me with my business in a way that was down to earth and not filled with the corporate jargon I really don’t understand or want.”
In addition to launching the new radio show, Jack and Adam have significantly changed their website to reflect more of their no frills but solid body of work to help small business owners make it without a lot of extraneous bureaucracy like formal business plans, college degrees or down payment money to acquire a business. They debunk all of these as myths and give solid realism that you don’t need a business plan or college degrees and yes, you can acquire a business with no money down.
The new website provides content and insight through videos, blogs and podcasts that are easy to understand and fresh with current info each week. “We wanted to have a site that reflected our approach as partners with our clients who are there for them 24/7. We also want other small business owners to know that no matter what situation you are facing in your business right now, we’ve helped many MVP clients find solutions for similar circumstances. With the website you can get insights into the secret sauce, but if you want the real deal, give us a call,” said Adam.
About Maximum Value Partners
For the last 15 years, Maximum Value Partners has taken small business coaching to new levels of sustainable success for their clients. Jack Mencini and Adam Sonnhalter (business partners of MVP) deliver a no-frills approach with integrity and straightforward business logic and concentrate on the often forgotten small business. Every coachable business owner starts with MVP’s 7 Keys to Success to provide the framework for what will guide the company. At first glance, it seems absurdly simple and yet has brought structure and repeated profitability to hundreds of their clients. For more information, visit https://maximumvp.com.
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For more information, please contact Nancy Valent, 216-513-8740, nancy@NMVstrategies.com