When it comes to business journeys, there are few more remarkable than that of George McGehrin, who from the rubble of the global financial crisis, built three incredible businesses that grew to 6, 7, and 8-figure revenues.In this week's special, and very timely show, George joins Gavin to discuss his take on entrepreneurialism, how he scaled three businesses in rapid succession, and the lessons he learned from the last recession that have ensured that he is much better equipped to face any challenges in the future.Sign Up Here: https://bit.ly/biz-pod KEY TAKEAWAYSHaving worked through collapse in the past, George recognised that a cash buffer was essential. From 2009, 10% of all profits were saved in an emergency fund, meaning that he is now well-equipped to see his business through any future challenge.We should be cutting costs wherever possible and doing our best to increase profits. The 80/20 principle should be aimed for at all times in order to focus upon the areas in our business that are working for us.Know the value of your own time. Delegate the tasks you're not great at whenever you can, and don't spend your invaluable time on anything unless you know you can do it well. Business is just a big mathematical problem. When you boil it down to its essence, then by solving the maths at the heart, we solve the business problem itself.BEST MOMENTS‘I did it their way, now let me try it my way' ‘You get to the point where you can't outsell your stupidity' ‘You need to know the math problem that you're solving' 'The beautiful thing about running a business is that you get paid literally to the penny what you're worth' VALUABLE RESOURCES The Business Mastermind Podcast The McGherin Group - https://www.mcgehringroup.comGeorge McGherin LinkedIn - https://www.linkedin.com/in/gmcgehrin/George McGherin Twitter - https://twitter.com/exec_headhunter?lang=enABOUT THE HOST Gavin Preston Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer andhigh-performance Coach.  He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years. Gavin's energetic, insightful and yet down to earth and practical talks, workshops and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontlineManagers. He is an expert in Business Growth Strategies, Peak PerformanceMindset, Persuasion & Engagement, Marketing, Productivity, LeadershipDevelopment, Team Development & Motivation, Leading Change, StakeholderManagement, Personal Effectiveness and Behavioural Change. CONTACT METHOD Gavin Preston WebsiteGavin Preston LinkedInGavin Preston YouTubeGavin Preston FacebookGavin Preston Twitter Hosted on Acast. See acast.com/privacy for more information.