Business Owner Breakthrough Podcast
Pete Mohr
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Climbing the Profit Hierarchy
In this episode of the Business Owner Breakthrough podcast, host Pete Mohr discusses the importance of profit and introduces a new concept called the "Profit Hierarchy". This hierarchy is similar to Maslow's hierarchy of needs and consists of five levels: wealth, relationships, leisure, health, and legacy. The first level is wealth, where business owners must generate enough profit to free up their time and invest in other aspects of their business. The subsequent levels involve redistributin...
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