Feb 06 2025 52 mins 1
Donn is the owner of 14 yr old Vidosh North, Petoskey, MI, 10M in revenue with 63 employees. Jeffrey and Donn discuss his journey in the landscaping industry, discussing his leadership style, the impact of sports on his business philosophy, and the evolution of his company. He emphasizes the importance of team building, diversifying services, and learning from mistakes, particularly in hiring and financial management. Don also highlights the significance of implementing profit-sharing structures to motivate his team and ensure the company’s success. In this conversation, Donn Vidosh, Jr. discusses the intricacies of profit sharing and employee motivation, emphasizing the importance of transparency and accountability in business. He shares insights on maintaining quality while focusing on profit, the significance of leadership in fostering a positive work culture, and the personal challenges he faced, including a divorce. Donn highlights the value of hobbies for reflection and the role of mentorship in his journey, concluding with a message of gratitude and the pursuit of continuous improvement.
Takeaways
- Don emphasizes the importance of leadership and team building.
- His background in sports has greatly influenced his business approach.
- Starting from humble beginnings, he learned the value of hard work.
- Diversifying services has been key to his company’s growth.
- Custom fabrication allows for unique offerings in landscaping.
- Learning from mistakes is crucial for business success.
- Hiring the right people is essential for growth.
- Financial mindset shifts were necessary for personal and business success.
- Implementing profit-sharing has motivated his team.
- Peer groups have provided accountability and support. Profit sharing is relative to what employees earn.
- Transparency in sharing company performance fosters teamwork.
- Quality must be prioritized alongside profit for long-term success.
- Mistakes should be openly discussed to promote accountability.
- Leadership requires stepping back from daily operations to focus on growth.
- Personal challenges can impact business resilience and leadership.
- Hobbies provide essential time for reflection and mental clarity.
- Mentorship plays a crucial role in personal and professional development.
- A culture of continuous improvement leads to sustained success.
- Team support is vital during personal hardships
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