The Digital Transformist
Most business owners are sitting on a shocking amount of hidden profit - and they don't even know it. Tim Van Mieghem, operational excellence expert and author of "Shocking Profit," joins Mike LaVista on The Digital Transformist to break down the three places every business is bleeding money: broken processes, undertrained sales teams, and Excel spreadsheets held together with duct tape. Whether you're planning an exit in 5 years or just want your business to run better (and be more fun), this episode delivers actionable insights you can apply this week. Get Tim's book "Shocking Profit" on Amazon or Barnes & Noble - https://www.amazon.com/Shocking-Profit-Companys-Transformation-Everything-ebook/dp/B0FXBQF1NW. Get Mike's book "Superpowered: 7 Leadership Superpowers Technology Executives Can Use to Grow a More Engaged, Tech-driven and Profitable Organization" on Amazon: https://www.amazon.com/Superpowered-Leadership-Superpowers-Tech-driven-Organization-ebook/dp/B09D9XWWZS Caxy Interactive -- Showing organizations how to play offense with software and AI. https://www.caxy.com hello@caxy.com CHAPTERS: 0:00 - Cold Open: "What it was was..." 0:25 - Intro 0:39 - Meet Tim Van Mieghem 1:15 - Hidden value vs. hidden risk in every business 2:11 - Money under the cushions -- where profit hides 3:30 - The Beverly Hillbillies moment: discovering value in what you already have 4:37 - Why business owners miss their own "shocking profit" 5:43 - The customer service trap -- serving vs. optimizing 6:56 - Lessons from working across industries (manufacturing, food, retail) 8:20 - Dusty inventory and the warehouse problem 9:38 - Scrap rates: what food processing teaches every business 10:48 - Landing Sam's Club and Costco in the same quarter 12:45 - The "grandma's house" effect -- living with problems you can't see 13:46 - AI tools and the new opportunity for small businesses 15:38 - Why your production floor knows more than your sales team 17:01 - The football team analogy -- would you play without a scoreboard? 18:01 - Basketball, consistency, and what sports teach us about business 19:21 - Dust on inventory = money on the table 20:50 - Real estate agents and why salespeople shoot for the bottom of the margin 22:45 - 41% of quotes going to customers you never win -- the data problem 23:50 - Excel spreadsheets as duct tape: the "win the lotto" test 25:20 - When one person's two-week absence becomes everyone's nightmare 27:40 - Firefighter heroes -- why workarounds are dangerous 29:40 - "What if we train them and they leave?" -- the CEO vs. CFO joke 31:10 - Tim's sister turned her business into her hobby 32:50 - Shocking Profit: the book and what comes next 34:00 - If you're planning an exit, start this conversation now
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