Young and Profiting (YAP) with Hala Taha
Donald Miller on How To Make Your First Million in Business | YAPClassic
Fri, 31 Jan 2025
Donald Miller once lost all of his life savings to a bad investment. But after he decided to start taking 100% ownership of his life and business, everything changed. In this episode, Donald is back on YAP to focus on how to grow a small business! Donald will explain why we should think of our business as an airplane and why most small businesses today are failing. He will also break down how we can get ahead of missteps as business owners. In this episode, Hala and Donald will discuss: (01:00) Introduction (02:27) Donald Miller's Journey from Failure to Success (04:48) Understanding the S-Curve in Business (10:27) The Airplane Analogy for Business Structure (20:14) The Importance of a Clear Mission Statement (30:48) The Reality of Business Ownership (32:15) Core Values: The Backbone of a Strong Team (33:31) Key Characteristics and Critical Actions (35:32) The Three Essential Leadership Personalities (38:04) Making the Customer the Hero (46:49) The Power of Story in Sales (51:51) Integrity in Business Donald Miller is the CEO of StoryBrand, an agency that has helped more than 10,000 organizations clarify their brand message, and Business Made Simple, an online platform that teaches business professionals everything they need to know to grow their business and enhance their value on the open market. Donald is the host of the Business Made Simple podcast and the author of the bestsellers Building a StoryBrand, Marketing Made Simple, and Hero on a Mission. His book, How to Grow Your Small Business, provides a proven 6-step plan for growth so you can stop drowning in the details. Resources Mentioned: Donald’s Podcast Business Made Simple: youngandprofiting.co/3Eia9oJ Donald’s book How to Grow Your Small Business: A 6-Part Strategy to Help Your Business Take Off: youngandprofiting.co/42ygiHi Episode Sponsors: OpenPhone - Get 20% off 6 months at openphone.com/PROFITING Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Rocket Money - Cancel your unwanted subscriptions and reach your financial goals faster with Rocket Money. Go to rocketmoney.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services - yapmedia.com Transcripts - youngandprofiting.com/episodes-new All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. Career & Entrepreneurship Career, Success, Entrepreneurship, Productivity, Careers, Startup, Entrepreneurs, Business Ideas, Growth Hacks, Career Development, Money Management, Opportunities, Professionals, Workplace, Career podcast, Entrepreneurship podcast
Full Episode
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As always, you can find all of our incredible deals in the show notes or at youngandprofiting.com slash deals. Yap gang, 2025 is a year of change for me. I'm single and there's nothing tying me down to Jersey anymore. And so I'm looking to set up residence in Texas or Florida. And I've got to stay there at least six months and one day so that I can save on taxes and switch up my dating pool.
Now it's a toss up between Miami and Austin. I'm super familiar with Miami, but I haven't really explored Austin much. And with so many entrepreneurs raving about it, I've at least got to test it out. So I rented a beautiful home on Airbnb with my business partner this winter so that we could try out Austin and see if it's the right fit for us.
Now, I don't really know what I'm going to do in terms of the city I'm living in next year for most of the year, but I do know what I'm going to do with my pad when I'm not in it. And that's hosting on Airbnb, of course. The thing is, when it comes to hosting my place on Airbnb, I don't want to worry about the hosting part.
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Have you ever wondered what separates successful small businesses from those that struggle to gain traction? Today on Yap Classic, we're showcasing an interview I did with Donald Miller, the host of the Business Made Simple podcast, as well as a bestselling author and CEO of StoryBrand. In this episode, we unpack the secrets of building a thriving entrepreneurial venture.
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