#109: 5 Brutally Honest Business Truths

The Founder Podcast

Chris Lee

Business, Entrepreneurship

5 • 1.4K Ratings

🗓️ 14 June 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to a new episode of the Founder Podcast. Today, we're diving into five pieces of brutally honest advice that took my business from zero to $233 million a year. These truths include the importance of quality discipline, the pitfalls of trying to impress others, and the critical nature of having a compelling vision. Join me as we explore these essential lessons that will help you scale your business to the next level.

https://nextlevelhomepros.com/june25thworkshop

Highlights "Quit trying to impress others. This is actually the exact reason why your business isn't growing."

"Your business will pay you dividends for many years if you choose to sacrifice your own personal self-ego driven interests."

"You can't recruit because your vision sucks. The reason you are not attracting great talent is because your vision fails to envelop others."

"Your business is a reflection of you. Discipline in all areas of your life will reflect in your business."

Timestamps 00:00 - Introduction to the episode and the topic of brutally honest advice. 01:45 - Hard truth #1: Quit trying to impress others. 05:07 - Importance of reinvesting profits for growth. 09:22 - Hard truth #2: You can't recruit because your vision sucks. 13:45 - Creating a compelling five-year roadmap. 14:17 - Hard truth #3: Track your KPIs religiously. 18:32 - The difference between leading and lagging indicators. 19:42 - Hard truth #4: SOPs won't create themselves. 24:05 - Practical steps for creating effective SOPs. 26:55 - Hard truth #5: Your business is a reflection of you. Looking to scale your business? Want to learn directly from the same team that helped me sell my last business for 9 figures? Click this link below to check out how you can work with us. https://nextlevelhomepros.com/grow-home-service-vsl Join my community - Founder Acceleration ⁠https://www.founderacceleration.com ⁠ Apply for our next Mastermind:h⁠ttps://www.thefoundermastermind.com⁠ Golf with Chris h⁠ttps://www.golfwithchris.com⁠ Watch my latest Podcast Apple- ⁠https://podcasts.apple.com/us/podcast/the-founder-podcast/id1687030281S⁠ Spotify- ⁠https://open.spotify.com/show/1e0cL2vI1JAtQrojSOA7D2⁠ YouTube - @thefounderspodcast

Transcript

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0:00.0	All right in this episode we're going to be covering five pieces of advice
0:03.7	brutally honest advice that took my business from $0 to $233 million a year
0:08.6	things like exercising quality discipline quit lying to yourself all the incredible pieces that will ultimately
0:16.1	transform your business and help you scale to the next level.
0:20.8	All right so we're going to dive into five pieces of brutally honest advice that ultimately,
0:26.1	I have learned over the last 20 years that took me to building a business that did $233 million
0:31.8	a year, took me from bankruptcy, and ultimately are going to impact the way
0:35.6	that you are running your business.
0:37.0	The first piece of advice is quit trying to impress others.
0:42.6	This is actually the exact reason
0:44.6	of why your business isn't growing.
0:46.8	I know that one hurts a little bit.
0:48.2	When you hear that, you're like, Chris, shut up, man,
0:50.5	no way that this is the only reason why my business isn't growing but let's
0:54.4	dive into this a little bit more so you got into business we ask yourself for
0:58.8	this question why did I get into business in the first place was it it to make extra money? Was it to get time freedom? Was it the watch, the car, the
1:06.7	the houses? What was it? There's something that is driving you that is pushing you. Ultimately, this is what led to my bankruptcy
1:14.2	in my first business where I lost $2.2 million,
1:17.5	had to file Chapter 7 bankruptcy,
1:19.0	had car repoed out of my drive, all that stuff.
1:21.1	And this is the reason why.
1:23.4	You, when you go and you start your business,
	...

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