AllBusiness.com
David Finkel

Author Profile

David Finkel

Website: https://mauimastermind.com/

Biography

A serial entrepreneur who has launched, grown, and sold numerous businesses, David Finkel is also a Wall Street Journal and Business Week best-selling author of over 40 business and books and courses, including the wildly successful The Maui Millionaires for Business and Build a Business Not a Job: How to Build Your Business to Sell, Scale, or Own Passively.

ARTICLES BY David Finkel

How do you know what you're staff is doing?

Today I want to focus on something that got a huge response from the participants this past weekend - the idea that control is a trap. Let's face it, in your business, the more "control" you have, the more you have to personally be there to exercise that control.

The 3 Rules to Leverage Your Expertise and Increase Your Cash Flow

Whether you're a one-person consulting operation or a 100-person manufacturing business you've had to work hard to build the knowledge you need to make your business a success. Why not maximize your return on your expertise by leveraging it to create more cash flow?

3 Questions to Help You Grow Your Business

Your business's greatest limiting factor is a STRONG clue to one of its most important growth opportunities, too.

Systems: The Backbone of Your Level Three Business

Systems are reliable processes and procedures that empower your business to consistently produce an excellent result for your clients or customers. They are the documented expressions of your business's best practices that increase your company's efficiencies and reduce costly mistakes.

3 Tips to Build Wealth Independent of Your Business

What niches will you focus on? A particular area of stocks? Bonds? Private placement investments in privately held companies? Index investing? You need to start today to create a plan whereby you accumulate the Advantages you need to be successful. If you wait until you have that liquidity event (e.g. selling your company) you'll be in a rush to invest the capital and you'll make mistakes. I learned this one the hard way to the tune of $3 million.

Three Tips to Raising Money

Earlier today I was reflecting on two client conversations I had with clients who were in the process of raising money. I spent about 40 minutes on the phone with one of our clients who is raising $800,000 for a business start-up and I've traded several emails with another client who is raising $5 million for a commercial real estate project. So I thought, since the universe seems to be telling me that this is an important subject right now, what are the 3 most important pieces of advice I could give to you on the subject of raising money for your business or investment projects. For most people raising money for a business or investment project is a scary, unpleasant, overwhelming process. But for a few people who have developed the expertise and honed their experience, it's just a fun game.

Tips to Design and Execute on Your Business Exit Strategy

I’ve given this advice to thousands of business owners over the years and I’ll say the same thing to you: if you build a business that is more saleable, the things that you do that make it more saleable make the business easier to own passively or more able to be scaled successfully. These include things like: Decreasing the business’s dependence on you the owner Having strong controls in place

The Single Greatest Entrepreneurial Mistake

I think the biggest mistake that most business owners make when they work to build a business, not a job is that they try to grow and scale their company built just on "Team" alone.

7 Tips on Forming Business Partnership (Learned the Hard Way)

Ever worked to put together a win-win business partnership or joint venture?

7 Tips on Building Wealth Independent of Your Business

Thanks for all the positive feedback on the recent posts. I guess it really struck a nerve with a lot of you. I decided share 7 important tips on building wealth independent of your business: