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Mike’s Solo – How To Grow Your Painting Business By Making Smarter Decisions (The RTV Filter)

⏱️ 18:25 🎀 Mike Gore-Hickman
AUDIO EPISODE
Mike’s Solo – How To Grow Your Painting Business By Making Smarter Decisions (The RTV Filter)
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Chapters

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  • 0:00
    The Cost of Indecision
    Mike introduces the problem of slow decision-making, explaining that inaction is a decision that hinders business growth.
  • 1:40
    Speed of Decision Making
    He correlates the ability to make quick, informed decisions with business growth, distinguishing between one-way and two-way decisions.
  • 4:10
    Introducing the RTV Filter
    Mike unveils the RTV framework: Does it Raise Revenue? Does it Save Time? Does it Align with your Vision?
  • 7:41
    RTV in Practice: Problematic Employee
    He applies the RTV filter to the decision of letting go of a high-producing but problematic employee, highlighting long-term risks.
  • 11:58
    RTV in Practice: Buying Equipment
    Mike uses the example of buying a boom lift to demonstrate how to calculate potential revenue and time savings, and vision alignment.
  • 14:30
    Worksheet and Call to Action
    He offers a downloadable worksheet for the RTV filter and invites listeners to text him questions for future episodes.

Speakers

M
Mike Gore-Hickman
Host β€” founder of paintergrowth.com

Key Takeaways

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Recognize that not making a decision is a decision itself, often leading to stagnation; prioritize swift, informed decision-making.

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Implement the RTV (Raise Revenue, Save Time, Align with Vision) filter for all significant business decisions to evaluate their long-term impact.

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Before making a large purchase like a boom lift, calculate potential cost savings, revenue increase, and time efficiencies using the RTV filter.

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Evaluate problematic employees through the RTV filter, considering if their short-term revenue contribution outweighs long-term time drain, team morale impact, and vision misalignment.

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Commit fully to decisions once made, acting as if they are 'one-way doors' to maximize implementation and avoid constant re-evaluation.

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Develop a clear long-term vision (1, 3, 5, 10 years) for your company, as the RTV filter requires a defined vision for effective alignment assessment.

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