Announcing ProfitSchool
May 21, 2024
Welcome back to Business Unfiltered with Mercer and Jeff Sauer today's topic is Announcing ProfitSchool
0:00: Creating a business operating system for small teams. Profit School aims to help small businesses with teams under 15 people operate more efficiently and profitably.
4:10: Freelancing, team management, and profitability. Jeff and Mercer discuss their journey in the business world and how they arrived at their current focus on profit school.
7:25: Business management stages, from wagon wheel to private jet. Mercer describes the 3 management stages: the "wagon wheel" management model, the "pit crew" approach, and “private jet” mode. He emphasizes the importance of creating frameworks and systems to help owners move through the different stages of growth and change their mindset and management structure.
11:22: Measuring brands and outsourcing work to specialists. Jeff and Mercer discuss the challenges of scaling their businesses while maintaining quality and control.
13:12: Scaling businesses with a framework for growth. Jeff and Mercer discuss the growth stages and the recipe for success in an organization, with the same basic recipe but increasing nuances as the organization advances. The framework for success, or OPS, involves the same steps but with different nuances, customizing techniques, and attention to detail to reach the highest level of performance.
17:14: Defining and optimizing systems, operations, and people in business. Mercer defines the OPS framework - Offers, Products, and Systems, emphasizing the importance of systems in gluing everything together.
20:34: Implementing EOS system in a small business with limited resources. Jeff discusses the cost of implementing the Entrepreneurs Operating System (EOS), which was $6,000 per day and $50,000 to $100,000 per year. He struggled with implementing EOS in his 5-person company without a dedicated integrator.
24:15: Creating a system for small businesses to increase profitability. Jeff and Mercer discuss the importance of a clear operations system for businesses, especially those with less than 15 employees. Mercer discusses the profit school framework, which includes DOP systems, RAD products, and MOR.
28:45: Fixing business systems for growth and success. The system is designed to help early pioneers overcome challenges and excel in their businesses.
Topics Covered In This Episode
- Profit School Introduction: A venture aimed at aiding small businesses with teams of under 15 members to enhance efficiency and profitability.
- Entrepreneurial Journey: Insights from Mercer’s evolution from freelancing to team-building.
- Evolving Collaboration: The duo shared their desire to expand collaborative efforts beyond Google Analytics, exploring new avenues for growth and productivity.
- Team Management Challenges: Jeff and Mercer delve into managing teams under a "wagon wheel" model, highlighting the difficulties of this structure and its impact on productivity.
- Scaling Strategies: Transitioning from the "wagon wheel" model to a more streamlined "pit crew" approach, finally to the private jet approach, emphasizing the importance of delegating tasks and roles for sustainable growth.
- Optimizing Systems and Operations: They share insights into defining and refining business systems and stress the importance of clear goals and effective operations.
- Implementing Profitability Frameworks: Mercer and Jeff discuss the implementation challenges and costs associated with systems like EOS.
- Future Growth: The hosts explore the Profit School framework and its components, and share plans to scale the model to benefit other businesses.