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Double Your SMB Profit, Guaranteed, With Andrew Stotz

"I help people win." 

[ LISTEN NOW ON ITUNES ]

 

Listen to The Sales Podcast by Wes Schaeffer, The Sales Whisperer®

 

Listen to The Sales Podcast on Spotify

 

Sales Tips you'll learn today on The Sales Podcast...

  • "How To Build Your Wealth Investing In The Stock Market"
  • Owned CoffeeWORKS for 30 years
  • Went to W. Edward Deming seminars in the 90s when he was with Pepsi.
  • Visited and got stuck in Thailand in 1989 for a couple of weeks and loved it.
  • Finished his MBA, quit Pepsi, and moved to Thailand to teach finance at an 80% pay cut.
  • Got into an analyst role, and it became the role of his life.
  • Analysts are over-optimistic by about 25% globally.
  • Spent 12 months in rehab as a 16-17-18 year-old.

 

  • He has learned how to manage his weaknesses and amplify his strengths.
  • He can focus for hours at a time.
  • He has read 3,000 to 5,000 books and creates notes and then courses on the good books.
  • One of his partners is "Steady Eddie," who can finish the projects when he reaches the end of his rope after going deep.
  • Thai economy tanked 11% in 1998.
  • Years later, his accountant in the coffee business was not doing her job.
  • When COVID hit, their revenues dropped 80%.
  • He needed to focus on profits.
  • He created a 52-week curriculum that is now "The Profit Bootcamp."

I can't send my team to get an MBA. I need them to apply things every single week.”

  • He provides weekly profit analyses on companies to give you examples to learn from.
  • Created "The Business Blueprint" to help you create a complete business blueprint from sales to marketing to operations to finance.
  • He ended up doubling his profits.
  • You are guaranteed to double your profits.
  • "The Valuation Masterclass Bootcamp" is six weeks.
    • Accountability
    • Name and shame on Fridays
    • He can kick you out at any time
  • "Profit is evil? What do you consider loss?"
  • 10% net margin is your goal as a medium-sized, family-owned business.
  • Think in terms of threes with a bold claim
    • Mid-sized
    • Family businesses
    • Want to double profits
  • This helps your clients self-identify, which makes sales easier.
  • Once you get the taste of real profits, you see how it changes your business.
  • He has quarterly meetings, and the team is excited.
  • "The brutality of capitalism is what makes it so great."
  • You must bring value to the customer in a voluntary exchange in the market.
  • "Finance adds no value. Value is created in the product and service you offer the market."
  • Innovate and market. (~Peter Drucker)
  • Finance is a mirror...it's a supporting function.

GUEST INFO:

  • Guest Site: https://www.theprofitbootcamp.com/
  • Guest LinkedIn: https://www.linkedin.com/in/andrewstotz/

Sales Growth Tools Mentioned In The Sales Podcast