Level Three Business Consulting Program
The Maui Millionaires Book, Buy it Now
What others have to say
“Empowering experience.”
Garland, TX
“Great introduction to the possibilities of becoming financially free. Open my eyes to new way of thinking and inspires me to pursue my dreams. Validated that I am on the right path.”
Sherman Oaks, CA
“It was phenomenal”
Kansas City, MO
VIEW ALLLatest Wealth Updates
A Painful Business Lesson that Cost Me Over $50,000 and 6 Months Time
We've sure spent a lot of time together with the Maui community through these weekly eLetters, books we've shared, live events you've attended, and online sites you've been active on.
8 Tips to Increase Your Wealth
Hi Everyone,
Sorry about the gap in writing to you... It's been almost two weeks!
The boys have been really keeping me on my toes. They are 3 months 2 weeks today. They are holding their heads up and really starting to have personalities all their own. It amazes me every day.
The Five Questions You Must Answer to Put Your Business On Autopilot
Hi Everyone,
I hope your week has been going well so far. I'm still adjusting to the new sleep schedule of 11 week old twin boys... (Hint: not much!)
Today I want to share with you five questions that every business owner needs to ask him or herself if they are serious about getting to Level Three.
But first I want to share with you about two dates I suggest you clear and save.
The first is Tuesday April 14th at 6pm Pacific/9pm Eastern and the second is Saturday April 18th at 10am Pacific/1pm Eastern.
Why save those dates? Because I have a real treat in store for you on those days at those times...
On Tuesday April 14th I'm doing one final "encore" of Creating a Roadmap to Level Three. This is the online workshop that I taught last Saturday that so many of you have been emailing me about. I'll get you more information and log in information tomorrow or Monday, but save the date and get it into your calendar.
On Saturday April 18th now... I'm trying something we've never done before. I'm going to solicit your single most pressing business question or challenge, and for a full hour FREE mastermind session, I'll give you my very best coaching, input, and ideas on that question or challenge. In essence it will be like a hot seat done via online workshop.
I'll get you details and the link to submit your single most important question on Tuesday or Wednesday of next week... but again, get the date and time into your calendar. (There will NOT be a replay of either online workshop.)
Okay, now on to the five questions you need to ask...
The Five Questions You Must Answer to Put Your Business on Autopilot
Putting your business on autopilot means that it can thrive without you the owner needing to show up to work in the business every day. I call this building a "Level Three business", a business that thrives with less than 10 hours per month of the owner's time working in the business.
Here are five questions to start you on your way to taking your business to Level Three.
Question One: What is the single most important "driver" in your business? A driver is the thing your business does that "drives" new business in the door. It could be a direct mail letter you mail to rented lists. It could be a website that has huge traffic. It could be your key word ad campaign. It could be your syndicated articles that you write for industry newsletters. It could be your referral base from past clients. It could be walk in traffic from a mall your store is situated in. It could be a display ad you run in your local paper.
What is the single most important driver in your business? When you get very clear on exactly what it is, then you can look for ways to systematize and automate it. Even better, you can look for ways you can expand or leverage it.
Question Two: What is the biggest bottleneck in your business? A bottleneck is a limiting factor. In your business, what (or who) is the biggest limiting factor in your business's growth and success?
One way to spot a bottleneck is to ask yourself, if I could have more of any one thing, what one thing would I want more of to expand my business?
It could be more prospective customers walking into your store, in which case your lead generation activities are your biggest bottleneck.
It could be more sales people to process and close all the leads you already have, in which case your lack of trained sales staff is your biggest bottleneck.
It could be more production capacity to handle more business in a quality manner, in which case your current production capacity is your biggest bottleneck.
Whenever you determine your biggest bottleneck, you can then focus your energies on how to push back that limiting factor so that it no longer limits your business. One way to look at growing your business is as a game of continually finding and pushing back bottlenecks.
Now in the context of creating a true Level Three business, you need to build the systems, team, technology, and outsourced solutions to help you push back your bottlenecks long term.
By the way, what do you think is the single most overlooked bottleneck in most entrepreneurial companies? YOU! That's right, you the business owner are most often the real bottleneck. Look at your business, are you a the root of your company's bottlenecks?
Question Three: Imagine you found out that you had one year left to work before you would be forced to stop working for the rest of your life (you could only check in for a MAXIMUM of ten hours per month.) You have 12 months to establish and grow your business to the place that at the end of those 12 months you couldn't work in your business ever again (just check in for up to 10 hours per month), but you would be dependent on the business to provide you with steady cash flow to support yourself. What are the first three areas that immediately call out to you that you must focus on first?
In essence what this question is saying is how can you take your business to Level Three in the next 12 months. This is a very ambitious target for most business owners, but it's a question that engages you. If it's too much for you to imagine, change the time frame to 24 months, or 36 months.
Question Four: What three steps could you take in the next 30 days that would have the greatest impact on you hitting your goal of having a Level Three business by year's end?
Final question...
Question Five: Who can you mastermind with to give you feedback and hold you accountable on your goal of building a Level Three business?
Too many entrepreneurs think they are all alone. Building a business in isolation is hard, grueling work. Building a business in association with a highly functioning mastermind team of other business owners in non-competitive businesses is fun, engaging, and infinitely more powerful.
I am not suggesting that you partner with these other business owners, just that you mastermind together and help each other reach your goal of Level Three. Truly there is power when you create a focused mastermind team to mutually support each other in your business aspirations.
I hope these five questions made you think deeply about what you are doing and how you can do it even better!
For those of you who celebrate Passover, I hope it was a very special time for you... For those of you who celebrate Easter, may this weekend be a time of reflection for you and your family.
My very best to you,
David
Three Tips to Raising Money for Your Business and Investment Projects
Here are the three most important money raising tips I can share with you.
Tip #1: The 11th Hour Principle
I want to share with you the single most important thing to keep in mind when raising money that lets you know you'll be able to raise your money. I call it the "11th Hour Principle" and basically what it says is that the biggest amount of your money will come in at the last moment.
3 Questions to Ask to Increase Your real Wealth
Hi Everyone,
I hope your week is cruising right along. I was up late last night helping Adam burp his way back to sleep. For such a little guy he really can generate some volume on those belches. That's my boy! (Matthew slept right through it!)
4 Ways to Profit from a Business of Investment Loss
Hi everyone,
I had a great meeting with my CPA Kevin Bassett earlier today (for about 1:40) and he helped me find a way to "soften" a $180k hit I took from a 2007 business deal I was involved with... In essence he helped me to turn that hit down by 30-40% to just a $100-120k hit... Still hurts, but lots less.
5 Tips to Using a Personal Assistant to Create More Time and Announcements
Hi Everyone,
I'm sure you're feeling busy, with too much to do. That's why today I wanted to talk with you about how you can use your personal assistant to create more time for yourself. In fact, I'll share a link to a 3 minute video clip of the "master system" I use with Sandy for holding all our assistant systems.
First I wanted to share three very exciting announcements:
ONE: Maui Giving Update from February Level Three Wealth Workshop.
Working ON Your Business Not In It
Many of you have read the book the E-myth (Michael Gerber) which is a great book if you haven't read it. In the book Gerber makes a key distinction between working IN your business and working ON your business.
This is such an important distinction that I actually recorded a 16 minute video training on it for Maui Mastermind® Online members Here's the link to it.
And I wanted to ask all you entrepreneurs out there a few key questions about how you use your working week. 1) On an average week, how much time do you spend putting out business fires? (Clients, vendors, staffing, etc.)
2) On an average week, how much time do you spend working taking care of today's demands inside your business? (Working with clients, closing sales, updating reporting, executing plans.)
3) How much time does this leave you on an average week to focus working ON your business? (Planning for the future, building systems, cultivating long term relationships.)
Creating a Clear Roadmap to Level Three Wealth
Hi Everyone,
The, How to Build a Level Three Business Workshop, this past weekend in Charlottesville went incredibly well. We had 50 business owners from all over the country join us to focus for three intense days on how to build a multi-million dollar business.
Today I wanted to give you one last chance to join me for a private online workshop I'm personally teaching tomorrow night on how to create a clear roadmap to Level Three Wealth.
Negotiation Tip: Setting an Up-Front Agreement
David explains one of the key Negotiating Strategies, an Up-Front Agreement. Without it many investors are wasting their time. Get the Seller to commit to both of you saying yes or no to an agreement.
How to Create Your Business Strategy (plus SAVE this date..
Hi Everyone,
I've got some very exciting news for you all today.
Are You Ready for Total Control?
Self-directed pension investing is probably one of the hottest new things to hit the investor market in some time. But are you ready to take control? Find out why some pension administrators are concerned about this new investor strategy.
How to Handle and Melt Negotiation Objections
Into every negotiation a little (or large!) objection may be expected. How can you get past them?
Three Reasons Why Foreclosure Rates Keep Climbing
Read about why the Foreclosure rates have gone up in the U.S.
Your Business’s Financial Information
Your Financial Information Is Your Business's Lifeblood. Your business will NEVER reach Level Three if you hang onto the bookkeeping
