“All growth is not financial.” – Dr. Darnyelle Jervey Harmon
Episode Summary
When you set on a trajectory to build your company, did you tell yourself that you’d grow and grow and grow and every year you’d increase the percentage of growth? Yeah, I did too before I realized that is not how growth in business works. Growth is not linear. Some months will be up, others will be down and then there will be those that are way up…. And it’s all growth.
If you desire to ru...
“All growth is not financial.” – Dr. Darnyelle Jervey Harmon
Episode Summary
When you set on a trajectory to build your company, did you tell yourself that you’d grow and grow and grow and every year you’d increase the percentage of growth? Yeah, I did too before I realized that is not how growth in business works. Growth is not linear. Some months will be up, others will be down and then there will be those that are way up…. And it’s all growth.
If you desire to run a company that sells, makes and profits millions of dollars per year, there is one thing you need to be clear about – all growth is NOT financial. Will there be financial growth? Absolutely. But there will also be self-growth, leadership growth, operational infrastructure growth, systems growth, team growth and prayerfully, spiritual growth.
And the truth of the matter is that the growth will happen in phases and take a commitment to recalibration during and between phases. In this episode, I break down the essential phases of business growth so that you can determine which phase you are currently in and what it will take to shift into the next business growth phase. From navigating market recalibrations to mastering the business cycle, this episode will help you gain clarity and chart a path to what growth will look like for you and your company.
If you've ever envisioned yourself standing tall as a million-dollar CEO, navigating through business cycles with precision and foresight, then you cannot afford to miss this. Grab your pen and Move to Millions Podcast notepad as we dive into invaluable insights that can shape your journey to and beyond the million-dollar mark.
Listen in to discover:
- An overview of the cycles of business
- The importance of the 3R’s: recalibrate, review and reset
- How to invest based on your phase of growth
- And so much more
Powerful Quotes During the Episode:
"Understanding the cyclical nature of business is not just a strategy; it's a necessity for sustainability."
"Profit isn't just a number; it's the lifeblood of your business. Protect it fiercely, especially during contractions."
"Your ability to simplify and scale your business will set the foundation for your financial and spiritual abundance."
"Communication is key. Know your ideal clients' challenges and desires to adapt and lead your business effectively through different phases."
"Investment in growth is non-negotiable. Spend wisely on hiring, infrastructure, and marketing to carve your path to millions."
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