An acquaintance of ours got to 16 million in revenue with only 4 people on their team. While this is a great situation to be in, there are also a lot of things that could go wrong. The growth stage is always exciting, but as quickly as a business can grow, it can also burn out. Today, we’re sharing tips on how business owners can avoid this crash and burn.
On this episode:
- A little background about the business owner in this situation.
- What we have seen happening in the industry with new competitors.
- Why it pays to think ahead.
- The next step this owner should take in his business.
- The biggest issue he is facing due to this growth.
- The benefit of having a bigger team.
- How skilled team members can help you avoid mistakes.
- How people can misrepresent themselves in the hiring process.
- Why you shouldn’t put too much on one person in your team.
- Why some businesses crash quickly.
- The benefit of putting a person or story behind your business.
- Ways you can increase your average order value.
- When you should outsource your work and utilize outside resources.
- What we’re always looking for in our agency and why.
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