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Now that your business is a success, how do you scale it & grow it . In today’s show we’re chatting on the final step of the Lifestyle Builders GPS - The Scaler stage.
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Key Insights
- Key Insight - Learn the changes you'll make when your business grows into the higher 6 figures
- Key Insight - Understand the importance of growing slowly
- Key Insight - Prepare your business for ultimate success by following a few easy changes and shifts from your previous stages
Timestamps
- [00:12] - Welcome
- [03:18] - What happens in the Scaler Stage
- [04:17] - Levels
- [06:15] - Keep in mind, your ideal lifestyle comes first. You do not have to continue growing your business, unless you want to
- [09:58] - What to expect in the Scaler
- [11:22] - Monitor and define your marketing and sales process
- [14:00] - It is important to be sure you're not growing too fast and cannot fulfill your promises
- [15:52] - Optimizing
- [17:15] - Hiring the right people
- [22:23] - Settling into the role of "The Business Owner"
- [23:46] - Time Focus - 10% strategy, 30% sales, 20% operations, 5% finance, 25% marketing & 10% admin
- [24:51] - Financial Breakdown - 5-15% Profit, 50-10% Salary, 15% Taxes, 30-65% Opex
- [28:14] - Your team
- [31:42] - Optimizing tools and tech. At this stage, you will likely have in place all of the tools and tech you need, however, you may need to change some to support your new growth
- [34:32] - Mindset challenges
- [38:07] - Action Items
Resources Mentioned
- Podcast Episode - Show 29 - Money & Your Business
- Podcast Episode - Show 95 - How to Build Your Team
- Podcast Episode - Show 109 - Automate Before Your Delegate
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- Lifestyle Builders Starter Pack - Grab the templates and worksheets to help you get started as a Lifestyle Builder.
- Lifestyle Builders Incubator - Get the training, mentorship, and community support to launch your product or service.
- Apply For Coaching - Schedule a free discovery call with Tom to see if coaching can help take your business to the next level.
