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Small Business Wakeup Call

Small Business Virtual Roundtables

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Small Business Wakeup Call is a twice-weekly podcast where “The Entrepreneur’s Yoda”, Lonnie Sciambi, and friend and business partner, “The Family Business Doc”, Stan Simkins, join forces to help small business owners with valuable tips and get them thinking and acting in ways they hadn’t about their business that will drive more success. This hard-hitting guidance and wisdom is based on their collective experience with their own businesses and their broad-based client business experiences. ...
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There is no end to articles, webinars, blog posts, podcasts (even our own), that talk about accountability, what it consists of, how to make it work, etc. But, at the end of the day, who holds you, the owner, accountable? Probably just the person looking back at you in the mirror. And how honest are you with that person? But we’re talking not just …
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Small business culture isn’t a sign on the wall or slogans. It’s framed by the beliefs and values of the founders and key people and their work history, where they worked, who they worked for, etc. Add to this is how they grew up, family, personal experience framing their value system. But how do you do it? How do you create a culture that embraces…
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“Show me the money,” is one of the most classic lines, from a movie favorite - Jerry Maguire. One of the most challenging duties in operating a small business is establishing an effective compensation program. That goes beyond just calculating competitive hourly rates and salary packages. But creating a happy team, that in turn create happy custome…
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Business owners face a lot of tough decisions, and sometimes, even tougher ones implementing them. One of the trickier ones occurs after the company is sailing along, and it has to take the big step of replacing the owner (in that role) with an experienced sales manager. Usually, the owner serves as the sales manager, hiring and managing a small sa…
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Every business owner faces it, the dreaded duty that they, especially, and even their managers, share… namely, saying Sayonara, Adios, Auf Wiedersehen, Ciao, or simply “Don’t let the door hit you in the ass on your way out.” However you say it and no matter what the conditions, even the most tough-minded of owners dread dealing with it… even when i…
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Business can be very serious stuff. Often a small business owner has much at risk, personally; and often, may feel the responsibility for the livelihoods of employees, and have deep concern that the customers are being served effectively. But, at the end of the day, if it isn't fun, for the small business owner, the employees, and yes, even the cus…
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Every small business owner needs a sounding board and somebody (or somebodies) to hold them accountable, beside the person staring back at them in the mirror. In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about three potential alternatives to do…
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Your ”end game” is about growing your business and building value that provides a return on your investment of capital, time and energy, when you are ready to exit the business and realize that value. That’s your exit plan… helping you to achieve that end game. In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, a…
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A plan is worthless without execution. Yet it seems it gets far less attention than planning. Action and follow up is what gets things done, so we have to be able to answer the question “how are going to make this happen? And include it in the planning process. In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, a…
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc,” bring on the first guest to their podcast, Mr. Karl Kringle. He introduces them to his family-run toy manufacturing and distribution business and how he and his brother, Kris, don’t quite see eye to eye on ho…
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Do you know that two out of three family businesses fail to make it past the second generation? Worse yet, six out of seven don’t make it past the third generation. Surveys show 75% do not have a written succession plan and only 54% have chosen a successor. And only 42% have written business plans or hold regular board meetings - and that’s probabl…
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Your natural personality and the associated traits with it, impact how you function. They can be your friend (your positive traits) or your foe (your negative traits). Everybody has both positive and negative traits in their personality makeup. The real key is knowing what they are and how to best leverage your positive traits to overcome or minimi…
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Customer service is more than a good voice answering the phone. It's more than a couple accolades from some satisfied customers. It has to be part of the culture of the company. But for many small business owners, beyond the "party line," it's barely given lip service, let alone being a vital part of how the company does business. To some owners an…
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Entrepreneurs start businesses for various reasons. Some because of their belief in a concept or product they have developed. Others because they have a desire to make an impact on society or the world. Still others because they just want to escape the corporate world or ‘having a boss’, or lastly, just be able to control their own destiny… or some…
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Workplace drama costs time and money; it kills morale and increases turnover…not to speak of the human toll it takes. In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about how not to allow your business to become a soap opera by taking the drama o…
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A great line from a great movie, "Cool Hand Luke" that is, often, the essence of what causes negative customer relationships. In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about communications...with customers, employees and suppliers. So, it's …
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about “things slipping through the cracks,” which is a symptom… not a root cause. They’ll talk about how systems and procedures need as much review, periodically, as any focus on the workforce team m…
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about reigniting your team…or at least part of it. Every business has them. People on your team that are “just there.” Do you have people and processes that have passed their expiration date? But you…
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about using a unique form of communication to motivate your team. It’s called “financial data” that both of them have used to help guide the clients they’ve had and companies they’ve owned and manage…
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will talk about the various challenges you face in your family business, dealing with family members, on an entirely different level. And like all previous episodes they’ll use war stories, situations they’ve …
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In this episode, our hosts, Lonnie Sciambi and Stan Simkins, also known, respectively, as “The Entrepreneur’s Yoda” and “The Family Biz Doc” review an ailment that affects many small businesses – “the running in place syndrome!” And like all previous episodes they’ll use war stories, situations they’ve faced that will bring their points to life. Al…
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While in Episode 5 our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” drove home the emphasis on cash, in Episode 9, they show you how to dig deeper and really understand your costs. And like all previous episodes they’ll use war stories, situations they’ve faced that will bring…
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In episode 8, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will drop a little deeper into sales than they did in episode 4 and show you how you might, sometimes, unknowingly, be creating your problems that are limiting your sales success. The “Seven Deadly Sins of Selling”…
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In episode 7, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will venture outside the 5 Ms, to a topic that is often confused with management - Leadership, where the 6th M, Mindset, really plays a significant role. In this Leadership session, they’ll discuss the role that ef…
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In episode 6, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will continue with the 5Ms, Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding 6th M – Mindset, which drives the other 5. In this session, they’ll talk about the last M - Mac…
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In episode 5, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will continue with the 5Ms, Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding 6th M – Mindset, which drives the other 5. In this session, they’ll talk about the next M - Mon…
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In episode 4, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will continue with the 5Ms, Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding 6th M – Mindset, which drives the other 5. Their objective in this session will be on Marketing…
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In episode 3, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will continue with the 5Ms - Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding 6th M – Mindset, which drives the other 5. Their focus in this session will be on Management a…
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In episode 2, our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda” and “The Family Biz Doc” will introduce you to the 5Ms from Stan’s book “Set Yourself Free” – How to Have A Thriving Small Business… and Enjoy It!” Manpower, Management Team, Marketing/Sales, Money, Machines and Systems and the overriding …
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In episode 1, we welcome our hosts, Lonnie Sciambi and Stan Simkins, also known respectively as “The Entrepreneur’s Yoda and “The Fambizdoc.” In today’s session, we start with a common condition that small business owners, even the most financially successful, experience during their entrepreneurial journey… namely, the feeling of being trapped by …
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