Paul Maskill started his first service-based business in 2011. Before he knew it, he was working 60-80 hours a week. Until he realized that he had no freedom and the business needed him to survive. So Paul started to systematize everything. By putting systems, processes and people in place, his revenue doubled to almost $500k while the number of hours he worked dropped below 40. Paul then sold his business for 3x net profit. He’s now back into business ownership as well as an investor and coach focused on helping business owners go from Business Operator to Business Owner & CEO.
Entrepreneurial Role Models:
None Specific
When business started difficulties overcame:
“I didn’t know anybody I didn’t have any network and I needed to get schools on board to run my after school program so I would say the first difficulties were to me this concept was great and everybody should just say yes but I literally had a spreadsheet of all 90 schools in our area, called all of them and didn’t talk to one decision maker”…[Listen for More]
Favourite Books:
The Go-Giver: A Little Story about a Powerful Business Idea book by Bob Burg and John D. Mann.. You can listen to the Bob Burg podcast and the John David Mann podcast on The Entrepreneur Way.Favourite Quote:
“Done is better than perfect”
Recommended Online Resources:
Slack – is where work flows It’s where the people you need, the information you share, and the tools you use come together to get things done
Best Advice to Other Entrepreneurs:
“Start with the end in mind because we spend so much energy and effort just getting started and keeping this thing running and we put all this energy and effort in getting going but usually we don’t know where we’re going. Where is the end goal and I always like to equate it to a road trip so if I want to go I’m not just going to get in the car and start driving I’m going to work my way backwards, okay I want to go to New York and then work backwards”…[Listen for More]
More About Paul Maskill:
Neil’s Quote at the Beginning:
“A work of art doesn’t need to provide complete answers in order to succeed. It needs only to excite us into asking questions and give us a place to think about them while we become involved in other people’s lives.” Christopher Bram
Other Quotes From the Chat with Paul Maskill:
- “You can never make something perfect; you can never improve something until you get it out there because you don’t know how the market is going to react”
- “It’s one of those things you don’t know you need it till you have it and then once you have it you don’t know how you survived without”
- “Whatever industry you’re in, there’s probably a specific software to make your life a lot easier”
- “Why are you starting your business?”
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