10 min listen
Interview Series: Mentorship and Investing in Yourself with Mark Thompson
FromThe GROW! Show
ratings:
Length:
53 minutes
Released:
Sep 27, 2023
Format:
Podcast episode
Description
In this episode, Marty sits down with his longtime mentor Mark Thompson to talk about the importance of mentorship and investing time, money, and energy into yourself as a leader. No matter your position within a company, taking time to work on YOU always pays dividends.
Mark Thompson is a business advisor and former engineer who started his career as an engineer, then transitioned to a business leadership role where he served as president, CEO, and Chair of the Board at his engineering consulting firm. Recognizing the importance of understanding the 'soft side' of management and the fundamentals of business, he then transitioned to a business advisory role. Throughout the episode, Mark discusses the necessity of strategic planning, the role of leadership and collaboration, the value of low-risk experiments, and visual learning in business growth. He emphasizes the need to take small steps while keeping an eye on the future.
Discussion Points:
Intro and background - Mark Thompson
Thoughtful and professional management
Selling and your value proposition
Scaling - strategic planning for expanding a business from 5 million to 25 million
Role of family in business and importance of teamwork in achieving goals
Low-risk experiments and visual learning can benefit business growth
Learning from failure and effective risk management
The professional management journey and understanding people
Benefits of low-risk experiments and visual learning in software design
Business fundamentals and strategic planning
Closing thoughts from Mark Thompson
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
The Deming System
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Marty Grunder LinkedIn
Stihl<
Mark Thompson is a business advisor and former engineer who started his career as an engineer, then transitioned to a business leadership role where he served as president, CEO, and Chair of the Board at his engineering consulting firm. Recognizing the importance of understanding the 'soft side' of management and the fundamentals of business, he then transitioned to a business advisory role. Throughout the episode, Mark discusses the necessity of strategic planning, the role of leadership and collaboration, the value of low-risk experiments, and visual learning in business growth. He emphasizes the need to take small steps while keeping an eye on the future.
Discussion Points:
Intro and background - Mark Thompson
Thoughtful and professional management
Selling and your value proposition
Scaling - strategic planning for expanding a business from 5 million to 25 million
Role of family in business and importance of teamwork in achieving goals
Low-risk experiments and visual learning can benefit business growth
Learning from failure and effective risk management
The professional management journey and understanding people
Benefits of low-risk experiments and visual learning in software design
Business fundamentals and strategic planning
Closing thoughts from Mark Thompson
The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
Resources:
The Deming System
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Marty Grunder LinkedIn
Stihl<
Released:
Sep 27, 2023
Format:
Podcast episode
Titles in the series (51)
Efficiency Ratings: What is it? How do I calculate and use it?: Welcome to The Grow Show podcast, brought to you by The Grow Group. Led by your host, Marty Grunder, The Grow Group is a premier coaching and education firm for landscape professionals, providing innovative events, peer groups, and real-world resources to help business owners and their teams succeed. In each episode of The Grow Show, we’ll share ideas, tips, tactics, and insights that will help you grow your landscaping business. In today’s episode, Marty discusses all things efficiency - your budgeted hours vs. actual hours worked. You’ll hear how this is calculated, what it means to have a good or bad rating, and which industry-focused software helps you keep track. Discussion Points: Efficiency ratings - what they are, how they’re calculated Looking at some actual numbers Capturing the numbers - Aspire or Element software for the landscaping industry Budgeted vs. actual hours at Grunder A great efficiency rating spea by The GROW! Show