The 5 Phases Of Scaling Your Business

In this episode, we dive deep into the essentials of building and scaling a successful service business with insights from Brian Harding, author of Service Industry Success.

Key Takeaways:

1. Understand your financials, especially gross margin, during your startup phase.
2. Shift from being an expert in your trade to becoming a true business owner by mastering delegation.
3. Develop a clear vision and organizational chart to guide growth decisions.
4. Prioritize customer needs and wants to build a compelling brand.
5. Train and empower a leadership team to operate without constant owner involvement.
6. Navigate critical growth stages carefully, avoiding disengagement too soon or mentoring too late.
7. Embrace mentorship and learn from mistakes as part of your entrepreneurial journey.

Key Quotes:

• "If the company is going, if it's losing money, like nothing else matters."
• "We say we want freedom, but we really want control."
• "Procedures in the service world are generally not helpful because there are so many variables."
• "The business over the long term needs you to [stay engaged], but if you don't do it today, there's no consequence tomorrow."

Resources Mentioned:

• Service Industry Success by Brian Harding
• Service Industry Success podcast
• serviceindustrysuccess.com
• Free hiring webinar: freehiringwebinar.com

This episode is packed with actionable advice for entrepreneurs in the service industry. Don't miss it!  For Excavaton or septic marketing resources click here

 

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