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Donald Mazzella, author of the upcoming book, "Recalculating: 97 Experts on Driving Small Business Growth" tells us how to make great decisions in business, whether it has to do with leadership, marketing, operations, human capital, or finance.\n\nDisplay TranscriptRobert Plank: Our guest today is Donald P. Mazella. Donald P. Mazella is a political and lifestyle expert who's been seen on MSNBC, Bloomberg, and in the Wall Street Journal. He is the COO of Information Strategies Inc, a company that helps business managers improve profits. He currently oversees a prints and internet publication network centered around Small Business Digest, with more than 3.2 million opt-in small business readers and healthcare industry stakeholders.\n\nCool. Donald, I'm Robert. Nice to meet you.\n\nDonald Mazzella: Good to be here. Thanks for having me.\n\nRobert Plank: No problem. Tell me about yourself. Tell me about what you do?\n\nDonald Mazzella: Basically, right now we've just put together a book, 97 Experts on How to Grow a Small Business, which will appear in September. We're expanding. Small Business Digest has been around since 2000. It's had it's ups and downs. Right now it's in expansion mode. We've been helping small business managers, as you say, add profits. Ultimately, how you do that covers 3 main areas: You grow your business, you grow your profit line, or you sell your business. It ironic, in today's world a majority of small business owners above the age of 50 wil tell you all they want to do is get out. Exit strategies are now becoming very important.\n\nRobert Plank: That's what you do, compared to everyone else? You're all about the exit strategy?\n\nDonald Mazzella: We tell our audience in our stories. I should also say, most of our stories come from other entrepreneurs, or from stakeholders in the area. We've had Marcus Lemonis on the program, JD Powers, John Scully. We generally look for the people who've been successful and ask them how they've been successful, how they exited. We try to get them to provide 1 or 2 nuggets of information that our audience can use, whether it's on our radio program, whether it's in our newsletters, or in our e-zine, or now in the book. We just try to get them to talk to our audience because who knows better how to do things than people who have done it. Interestingly enough, sometimes we get someone who failed because sometimes you learn more from failure than you do from success.\n\nRobert Plank: Oh, yeah. When things don't go the right way, and they have to readjust and change direction. Could you talk about an example from your book? One of these big failures that jumps out at you?\n\nDonald Mazzella: Can I talk a success strategy because it happens to come to mind because everybody has a business card, but as one of our experts said, "You're business card should be one of your most effective marketing tools." She goes into detail. She actually has a test that's included in the book on what your business card can do, and how to do it. For instance, your name of your company. It should be immediately recognizable, or distinctive. If it can be both, it's great. That's one. Now to give you one about failure. 53% of all the people we've talked to over the years, we've kept a running tally, have told us the biggest single factore in failure is financing, not having enough financing. That's number 1. Ironically, number 2, and which is reason we labeled the book recalculation, is the fact that the industry was changing, they didn't realize it. I thought that was fairly interesting. Then the 3rd reason they said for failure was the fact they picked the wrong people. Those are the 3 major reasons for failure.\n\nIt's consistent throughout the book, and through the years we've been on the air. If you asked them, "What's the success?" They'll tell you, Number 1, they picked the right people. Number 2, they happened to have the right service or product at the right time. Number 3, which I found interesting,