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Nikonomics - The Economics of Small Business
Welcome to Nikonomics—the show for entrepreneurs and Wantrapreneurs, ready to tackle the toughest roadblocks to their first million.
Nik brings firsthand experience, having bought and sold over a dozen businesses, achieved multiple 7-figure exits, and generated over $100 million in revenue.
Each week, he blends humor with real insights from successful entrepreneurs, sharing growth strategies, deal insights, and unique business ideas you won’t find elsewhere.
Ready to turn your entrepreneurial dreams into reality? Hit play and let’s get to work.
Follow me on Twitter here: https://twitter.com/CoFoundersNik or @CoFoundersNik
Nikonomics - The Economics of Small Business
186 - How to Build a Business That Can Run Without You with John Seiffer
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Join me, Nik (https://x.com/CoFoundersNik), as I interview John Seiffer (https://x.com/BetterCeo), author of Output Thinking. John is an experienced entrepreneur who knows what it takes to build a business that doesn't require you to be in the day-to-day grind.
We dive into how to move past being a solopreneur and actually build a scalable business. We talk about different phases of SMBs, why relying just on revenue isn't the best way to think about growth, and how the owner's role shifts dramatically when you start building systems instead of just doing everything yourself.
John shares his unique perspective using his Eight Buckets framework and explains how to start identifying outputs in your business to figure out what to delegate.
Find out more below!
Email: John@CEOBootCamp.com
Website: https://ceobootcamp.com/
The Operator Accelerator: https://theoperatoraccelerator.com/
Free Coaching Session: https://john-3.youcanbook.me/
Questions This Episode Answers:
How do you identify the first thing you should delegate in your business?
What are John Seiffer's Eight Buckets of a business?
How do you get tribal knowledge out of your employees' heads without making them feel threatened?
What are the three different kinds of SOPs you should document?
What's the best way for an overwhelmed entrepreneur to start systematizing?
Enjoy the conversation!
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This week we covered:
00:00 The Evolution of a Business Model
03:00 Understanding Entrepreneurial Phases
05:48 The Importance of Systematization
09:08 Output Thinking Explained
12:03 The Journey of Entrepreneurship
14:52 Identifying Business Outputs
17:48 The Seven Buckets of Business
21:08 The Owner's Perspective
25:30 The Role of a CEO: Beyond 40 Hours
27:55 Systematizing Business Operations
30:22 Effective Delegation and Communication
34:47 Types of Standard Operating Procedures (SOPs)
39:05 Leveraging AI for Documentation
43:52 Extracting Knowledge from Employees
44:49 Creating Accountability for Entrepreneurs
