In this episode of the "Next Gen Strategies Podcast," Grant Covault, Tyler Davis, and guest Paul Miklautsch discuss strategies for family-owned small businesses to thrive. The conversation centers on product-market fit, innovation, and understanding customer needs. Paul shares insights from his experience in industrial design and product management, emphasizing the importance of customer feedback and iterative product development. Key points include engaging customers to identify true needs, focusing on benefits over features, investing in R&D, and fostering a culture of innovation. The episode highlights the value of prototyping and testing ideas with customers before finalizing products.

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https://www.datcpa.net/

Learn more from our guest Paul!

https://www.boldrpm.com/paul-miklautsch-bio

Want to learn more about Grant? | CLICK HERE

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Want to learn more about Tyler? | CLICK HERE

https://www.datcpa.net/

In this episode of the "Next Gen Strategies Podcast," hosts Grant Covault and Tyler Davis discuss strategic planning for 2025, focusing on three essential steps: evaluating the past year, defining big-picture goals, and planning for agility. They emphasize the importance of reviewing financial performance, customer relationships, and operational efficiency. The conversation highlights setting SMART goals and maintaining flexibility to adapt to changing circumstances. By engaging employees and measuring progress consistently, businesses can enhance profitability and efficiency. The episode provides actionable advice for business leaders to navigate the complexities of the market and achieve sustainable growth.

Want to learn more about Grant? | CLICK HERE

https://thegcstrategies.com/

Want to learn more about Tyler? | CLICK HERE

https://www.datcpa.net/

In this episode of the Next Gen Strategies podcast, Tyler Davis and Grant Covault delve into the implications of Trump's tax plan for business owners. Tyler, explains key components like the Qualified Business Income (QBI) deduction, bonus depreciation, and changes to standard deductions and tax rates. Garrett provides context about the political landscape and the broader economic impact. Tyler emphasizes the importance of reliability and quality in business strategy. The discussion highlights the potential financial impact on small businesses and the need for strategic planning to navigate these tax changes effectively.

In this episode of the "Next Gen Strategies" podcast, hosts Grant Covault and Tyler Davis explore innovative ways for family-owned small businesses to show customer appreciation, especially during the holiday season. They discuss creative gift ideas like personalized items from Etsy and emphasize the importance of genuine interactions to build stronger client relationships. The conversation highlights the value of personalization, leveraging social media for engagement, and seeking client feedback for continuous improvement. The episode provides practical advice aimed at enhancing customer loyalty and increasing sales through thoughtful and meaningful gestures.

In this episode of the Next Gen Strategies podcast, Grant Covault and Tyler Davis discuss the evolving landscape of marketing and sales, emphasizing the importance of building referral partnerships over traditional direct marketing methods. They highlight how consumer behavior has shifted, making direct sales calls and ads less effective. Instead, leveraging partnerships with trusted businesses can provide more effective access to potential customers. They also explore the benefits of niching down and ensuring cultural alignment with partners. The conversation underscores the value of genuine relationships and strategic networking, offering modern strategies for family-owned small businesses to grow.

In this episode of the "Next Gen Strategies Podcast," Grant Covault and Tyler Davis discuss the critical role of accounting software for small and family-owned businesses. They focus on the challenges of using QuickBooks, emphasizing the importance of proper bookkeeping practices. Tyler advocates for QuickBooks Online due to its extensive support and resources but warns against relying solely on one software for all business needs. They explore integrating specialized software for specific functions while maintaining QuickBooks as the core tool. The episode also touches on the limitations of QuickBooks and the potential need for more complex ERP systems as businesses grow.

In this episode of the "Next Gen Strategies Podcast," Grant Covault and Tyler Davis explore the transformative power of video tools like Loom and Vidyard in business contexts, focusing on training, sales, and marketing. They discuss how these tools can enhance communication and learning by recording screen activities with personal commentary. Key applications include creating reusable training materials, personalizing sales outreach, and delivering engaging proposals. The episode emphasizes the effectiveness of combining audio and visual elements to improve understanding and retention, ultimately helping businesses stand out in a competitive market.

Vidyard | https://www.vidyard.com/screen-recording/?sfc=7014O000001BbRDQA0&utm_source=google-ads&utm_medium=cpc&utm_campaign=Branded_Vidyard&utm_content=Brand_Vidyard&utm_term=vidyard_b&gad_source=1&gclid=Cj0KCQjw3vO3BhCqARIsAEWblcAv6Ors-w6cDbMqBbwjTAcaB-e1FJy8q9zZDiQ7jhkN4O48HOfDcy4aAhY8EALw_wcB

Loom | https://www.loom.com/home

Want to learn more about Grant? | CLICK HERE

https://thegcstrategies.com/

Want to learn more about Tyler? | CLICK HERE

https://www.datcpa.net/

In this episode of the "Next Gen Strategies Podcast," Grant Covault and Tyler Davis discuss strategies for scaling mature businesses with established teams. They emphasize the importance of delegation, setting clear processes, and focusing on existing customers to drive revenue. The conversation highlights the significance of setting concrete sales goals, understanding customer data, and leveraging existing relationships for growth. They also touch on operational and financial planning, marketing tactics, and the need for business owners to step back and empower their teams for sustainable growth.