Transform Frustration into Freedom with Pete Mohr

Episode 145

Pete Mohr is on the podcast today to share what to do if you have started to resent the business you started.

Have you hit a glass ceiling in your business? Maybe you have felt like you have run out of your resources, and your business can’t do it anymore. Listen to this episode!

Pete helps entrepreneurs transform their frustrations into freedoms by using a variety of frameworks that help them cut through the chaos and overwhelm of running a business.

With over 27 years as a business owner, he’s refined many tips, tools, and techniques in the trenches within his businesses.

Pete started coaching others in business because of his belief that ‘You own your business; it shouldn’t own you.’ He knows it’s time to start using frameworks that allow you to have a turnkey business to live the life you deserve!

Here are three reasons why you should listen to the complete episode:

1. 1. You will learn more about Pete’s revolving power of the Wheel of Momentum. 
   2. Pete breaks down his 5 P Framework.
   3. Get access to Pete’s Simplifying Entrepreneurship Assessment, which gives you 50-60 pages of feedback about what you are doing right and what needs work.
      
      

Episode Highlights

Who is Pete Mohr

• • Pete helps entrepreneurs transform their frustrations into freedoms by using a variety of frameworks that help them cut through the chaos and overwhelm of running a business.
  • He’s refined his tips, tools, and techniques within his businesses over the past 25 years and loves sharing them so others can live the life they deserve as business leaders.
  • Currently writing a book around the 5Ps that provide entrepreneurial freedom. (Your Promise, Product, Process, People, and Profit)

Pete’s entrepreneurial journey 

• • He has been an entrepreneur his whole life, starting with crafts, baking, and selling things.
  • Pete only worked for someone for six months.
  • After college, he decided to go back to being a business owner. 
  • He wouldn’t change it for the world.

Being at the right place at the right time

• • We must put ourselves in situations that will benefit us down the road.
  • As entrepreneurs, there’s so much that’s a gut feeling.
  • As we grow as business owners and go through the trenches, we can set ourselves up to be at the right place at the right time.

Today’s Economic Environment

• • Some businesses are more recession-proof than others.
  • Some businesses were made for a recession.
  • Understanding this three to five-year timeframe of what’s coming ahead is an exciting piece to align to make the best of what is coming in the future. 

Understanding if you are a need or a want

• • Understanding and honing your product base or service offering to what’s ahead is so critical.
  • We’ve seen the shift in people’s promises in the last couple of years because of what COVID has done.
  • Ask yourself, “How do I align my promise, product, or service offering so that I can enjoy the best of what I can over the next three to five years?”.

The biggest struggle new clients face when they start working with Pete

• • They have almost always reached a glass ceiling of some kind.
  • Knowing where you want to play is essential if you own your business.
  • If you put out fires all day and you’re at the ceiling, you have to take that out and align it in a framework that makes sense so you can start assigning accountability.

The most painful of the P’s in Pete Mohr’s 5 P Framework

• • The biggest issue for most is people.
  • No matter how difficult this framework section is, we can’t go on without people.
  • When it comes to people, there are three different sectors: your team, clients, and suppliers.
  • As Pete goes through conversations with clients, they come to these epiphanies and more clarity on who belongs in their business. 

The Wheel of Momentum

• • The Wheel of Momentum has six spokes.
  • The six C’s are clarity, confidence, competence, cooperation, capacity, and creativity.
  • It is crucial to get clear on what you want to move the ball on because you can work with it.
  • When your confidence builds as a leader, you begin to communicate your idea to your teammates.
  • You can then focus on cooperation and decide who else can help you.
  • Then get to the point where you are building capacity easier than before.
  • After establishing the three C’s, this is where the creative juices start to flow.

How instinct fits in with frameworks and processes

• • You still need data and critical points to make decisions. 
  • Pete believes you should always decide at the lowest level possible in every organization.
  • You can only make so many daily decisions, and allowing your team to make decisions is essential. 

What Pete would like to be remembered for

• • Pete would like to be remembered as a good husband, father, and son. There’s nothing more important to him than his family.
    
    

3 Powerful Quotes from this Episode

18:24 – “We get all this stuff out of our heads and onto frameworks that help us make decisions.”

36:41 – “The beautiful thing about creativity is, once you start becoming creative, you’re building clarity. When you build clarity, you build confidence, competence, cooperation, and capacity.”

49:12– “If I can help an entrepreneur have more money, or more time, then in some way, they’re going to give back to their communities. I want to help as many entrepreneurs as I can.”

About Pete Mohr

As the Simplifying Entrepreneurship podcast host and a former radio host, Pete Mohr understands podcasting and delivering the most out of an interview. You’ll be able to bring as much value from the conversation to your audience as possible. As a Business Made Simple Certified coach, Pete can talk to your audience in general terms or take it down into specific, actionable chunks for them to get to work on the topic right after the podcast.

Having been a guest on over 75 podcasts in the past year, he is ready and equipped to handle most questions and styles of interviews. Pete owns a few footwear stores called Shoetopia in Ontario and his Simplifying Entrepreneurship coaching business. He’s putting the tools and frameworks he speaks to work within his businesses… it’s not just theory!

As a former business broker, Pete helped people buy and sell businesses and now uses that background to help business owners create turnkey businesses to enjoy the freedoms that entrepreneurship can deliver.

He firmly believes that business owners deserve to live the life they want and spend most of their time working “on” their businesses, not “in” them.

Pete’s specialty is creating and explaining frameworks that simplify leadership, strategy, and communication across the business. With over 25 different tools to discuss, there’s never a lack of great conversation on how to move your business forward!

Connect with Pete Mohr

Website

LinkedIn

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Thanks for listening,

Darrell