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Build It To Sell It Culture

Your Business Isn’t Valuable… Here’s Why!

📅 April 20, 2026 ⏱️ 35:20 🎤 Lance Bachmann, Steve Baker

Chapters

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  • 0:00
    Time Remaining & Mindset
    Steve Baker discusses the concept of 'Quality Time Remaining' and how understanding our finite time can impact our approach to life and business, connecting it to consumer debt and living for the moment.
  • 1:45
    Empowering Employees as Owners
    Lance and Steve introduce the core concept of the episode: the value of investing in employees and making them owners to foster business growth and wealth creation.
  • 4:44
    The 'Great Game of Business'
    Steve explains his philosophy of 'Open Management' and how teaching employees the business, aligning rewards with outcomes, and offering a stake in the company (like an ESOP) leads to success and freedom.
  • 7:44
    Overcoming Scarcity Mindset
    Lance and Steve contrast scarcity versus abundance mindsets in business, highlighting how sharing success and empowering others can lead to exponential growth.
  • 11:58
    The Illusion of Entrepreneurial Freedom
    Lance challenges the common entrepreneurial desire for 'freedom' by sharing his own experience, suggesting that business ownership often comes with significant commitments and 'handcuffs'.
  • 17:56
    The Power of Peer Groups
    The discussion emphasizes the crucial role of masterminds, conferences, and networking for entrepreneurs to gain financial literacy, avoid isolation, and accelerate business growth.
  • 20:28
    Facing Mortality and Impact
    Steve candidly shares his personal battle with cancer and how it reinforces the importance of using time wisely, designing one's life, and making a positive impact through business and personal example.
  • 25:47
    Shifting Mindset: Schadenfreude to Mitfreude
    Steve introduces the concepts of Schadenfreude (taking pleasure in others' suffering) and Mitfreude (taking joy in others' success), advocating for the latter as a powerful shift in perspective.

Speakers

L
Lance Bachmann
Host
S
Steve Baker
Author, Speaker, Coach / Vice President of the Great Game of Business

Key Takeaways

Implement an 'open management' system by teaching your employees the financials of your business, how profit is generated, and how their actions impact the bottom line.

Consider broad-based employee ownership programs, such as ESOPs, or other equity-sharing models to align employee incentives with business success.

Actively participate in masterminds, industry conferences, and peer groups to network, share best practices, and gain new perspectives that can drive business growth.

Foster a culture of financial literacy within your company; educate employees on personal finance to encourage responsible behavior and a long-term mindset.

Cultivate an abundance mindset, moving away from 'scarcity' thinking, and be willing to share success with your team, as this often leads to greater overall wealth and business value.

Prioritize continuous learning and personal development for yourself and your team, as smarter employees make better decisions that drive value.

Regularly assess your 'Quality Time Remaining' by consciously designing your business and personal life to align with your long-term goals and values, ensuring you're making the most of your time.

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