E44: How to Run a Beauty Business You Don't Hate with Mike Paton

Mike Paton, is an entrepreneur and expert on the Entrepreneurial Operating System (EOS). He joins Cash to discuss the importance of having an operating system for small businesses to achieve structure, efficiency, and scalability without sacrificing creativity and entrepreneurial spirit. Mike also shares insights from his book "Process" and provides practical advice for implementing EOS in creative service businesses like salons and freelance work.

Guest Bio and Links:

Over the last 16 years, Mike Paton has helped thousands of leaders around the globe run better businesses and live better lives. An EOS Implementer and sought-after speaker, Paton succeeded Gino Wickman and spent five years as EOS Worldwide’s Visionary, is the host of the top-rated podcast The EOS Leader, and co-authored two books – Get A Grip and Process! 

Listeners can learn more about Mike at his website https://www.eosworldwide.com/mike-paton  

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

PROCESS: How Discipline and Consistency Will Set You and Your Business Free: https://www.eosworldwide.com/process-book

Good to Great: Why Some Companies Make the Leap and Others Don't: https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996

Show Notes: 

• [0:00] Introduction

• [1:00] Welcome back! Today’s guest is Mike Paton 

• [3:00] Mike gives a brief background of discovering EOS and its life-changing impact 

• [5:00] Question: What is an entrepreneur operating system? 

• [7:10] “Process doesn't destroy freedom, it creates freedom.” 

• [7:30] The fundamental components of EOS 

• [12:00] Implementing EOS: the six key components

• [14:40] Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com 

• [22:10] Question: Why do you think many entrepreneurs say people are the hardest component of business? 

• [27:00] Advice on documenting core processes 

• [33:30] Mike breaks down the “how to” on implementing processes  

• [38:00] How to implement processes within different generations

• [46:30] Question: What are some of the common mistakes you see entrepreneur make in their businesses? 

• [54:00] Implementing processes to scale your business  

Connect with Us:

The Millionaire Hairstylist - https://www.instagram.com/themillionairehairstylist/ 

Cash Lawless - https://www.instagram.com/cashlawlesshair/ 

Jordan Drake - https://www.instagram.com/jdrake90/

Email - hello@themillionairehairstylist.com