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097: 9 Things to Know When Scaling a Business
Manage episode 373101349 series 3008456
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Hear 9 key things to know when scaling a business. In this episode, I take you through nine fundamental essentials I have learned through my entrepreneurship journey that will help you grow and scale your business. I cover: Embracing the journey: Embracing the journey is an important mindset in any endeavour, where one acknowledges the value of experiencing both successes and challenges, fostering personal growth, and remaining committed to the path forward. Creating genuine connections: Building genuine connections is a fundamental aspect of any venture, involvingestablishingf authentic relationships with referral partners, clients, and team members based on trust, transparency, and shared values. The power of mentorship: Recognizing the power of mentorship is essential in various fields, as seeking guidance and wisdom from experienced individuals can offer valuable insights, encouragement, and support on the journey to success. Learning how to delegate: Mastering the art of delegation is a vital skill in any organizational setting, enabling efficient task distribution, empowering team members, and focusing on strategic decision-making. Setting up automations where possible: Implementing automation processes whenever feasible is a valuable practice in optimizing workflows, increasing productivity, and streamlining operations for enhanced efficiency. Spending money to make money: Understanding the principle of strategic investment applies broadly, where judicious spending on key opportunities and resources can lead to favourable returns and growth in various endeavours. Investing in a team: Prioritizing investments in a cohesive and skilled team is a universal concept, recognizing that a motivated and capable workforce is a significant asset that drives success and sustains progress across different fields. We talk about:
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- [0:00] Intro
- [1:25] Embracing the journey
- [2:05] Creating genuine connections
- [3:05] The power of mentorship
- [4:55] Learning how to delegate
- [6:10] Setting up automations where possible
- [6:45] Spending money to make money
- [7:50] Investing in a team
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