In your business, do you feel like it’s all work, little personal time, and less profit than you deserve? Enter the Exit Mindset podcast. The Exit Mindset gives you a series of principles and information that will help you get the profit, company valuation, and work-life balance you want. Whether you are looking to keep your company forever or interested in selling it at some point down the line, this podcast will work with you in helping you achieve the business you always wanted.
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episode 11: How to Apply the Finite Volume Principle to Your Company
This episode explains the Finite Volume Principle and the importance of defining the beginning and end of any project.
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- Sign-up for your FREE COPY of Exit Mindset (Releasing early 2021!)
- http://exitmindset.com/
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The Finite Volume Principle
- The Finite Volume Principle is the idea that in any physical room there is a finite amount of space. Once you have exhausted that space, there is no more room to grow and therefore no more opportunity.
- Every business owner at one time or another finds themselves overwhelmed with tasks and work with approaching deadlines.
- One way to limit this feeling of overwhelming exhaustion is to set clear objectives and milestones that keep the business and your positive outlook moving forward.
Breaking it Down
- Break down your business into 3-5 elements that can all be worked on and improved upon separately.
- Defining a beginning, an end and then filling in the middle will leave you at a place where you can cross objectives off of your to-do list instead of being stuck on a revolving wheel.
Overcoming the Fear
- There are countless businesses who fail to break down their objectives and timelines into a format that is easy to comprehend.
- Fear can come in a lot of forms, like an overwhelming feeling and fear of failure are just a few.
Move the Big Rocks First!
- The demonstration of rocks, stones, sand and water in a glass container truly expresses how it can be difficult for employees or business owners to understand their true finite volume.
- Your primary focus should be the rocks, the rocks represent the larger objectives or defined ends that result in a project’s completion.
- If you are able to evaluate your processes every few weeks, you’ll be shocked at just how much you and your team can accomplish.
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