424: The Stages of Small Business [The BizChix Entrepreneur Growth Framework]
The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix
Natalie Eckdahl
4.8 • 630 Ratings
🗓️ 18 June 2020
⏱️ 41 minutes
🧾️ Download transcript
Summary
Our mission at BizChix is to help you grow a profitable business that supports your goals and builds a legacy.
This episode is all about the BizChix Entrepreneur Growth Framework. The framework helps us have a common language to share about our businesses.
No matter whether you’re at the Startup, Validate, Scale or Multiply stage of your business, there are common issues that you have to deal with, as well as struggles and obstacles specific to the different phases.
I talk you through my recommendations for each stage, and also key questions you need to ask yourself in order to build and grow a successful business.
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BizChix Entrepreneur Growth Framework VIsual
Books, Tools or Events Mentioned:
BizChix Episodes Mentioned:
- 225: Are You Solving a Big Enough Problem?
- 268: [On Air Coaching] How to Launch a Coaching Practice and Convert Free Calls to Clients with Joanna Sapir
- 286: [High Performing Women] Growing a 7-Figure Business, Launching a Certification Program and Permission to be Selfish with Cate Stillman
Stacking Your Team Episodes Mentioned:
Work with Us:
This episode was first published at BizChix.com/424. Subscribe to our sister podcast, Stacking Your Team, on your podcast app or at BizChix.com/category/team.
Transcript
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| 0:00.0 | Today I am revisiting the stages of small business. Along with this episode, we have updated our |
| 0:08.8 | companion download for you and it's free. The download will walk you through each stage of business |
| 0:14.6 | and will refer you back to listen to podcast episodes that will meet you at each stage. |
| 0:23.6 | Go to bizchicks.com slash stages. And remember we spell chicks with an X here, so it's B-I-Z-C-H-I-X.com slash stages. |
| 0:34.7 | Before we dive in, may I welcome you to the bizchicks podcast. I'm your host, Natalie Eckdal. I'm a business |
| 0:41.9 | strategist, expert granola maker, out-of-the-box thinker, author, speaker, mama, MBA, and CEO of |
| 0:49.3 | Bizchicks, Inc. Our business is dedicated to helping women entrepreneurs grow and scale their businesses while |
| 0:55.8 | retaining more profit, my favorite word, and creating more time for their VIPs. |
| 1:01.9 | My VIPs are my dear husband Mark and our three kiddos ages 5 to 18. |
| 1:07.2 | Yes, we have an adult now and our fun kittens, Missy and Max. |
| 1:12.6 | I have a very full life. |
| 1:14.3 | Oh my goodness. |
| 1:14.9 | Running a home family and this dream business where we coach and train high-performing |
| 1:19.1 | women entrepreneurs from diverse industries, locations, cultures, ethnicities, and ages. |
| 1:25.1 | We get a lot done here, not because I am superwoman, but because I have |
| 1:29.3 | teams and my favorite beverage coffee. I have help at home and the business, and I always encourage |
| 1:35.9 | women to get as much help as they can afford. And remember, my friend, just because you can do |
| 1:41.7 | something does not mean that you should. |
| 1:53.8 | Today, I am sharing a framework I developed because I wanted us to have a common language for sharing about our businesses and for you to understand some of the specific struggles and |
| 1:59.6 | obstacles you may face as you move through the different |
| 2:03.4 | phases. Did you know that 25% of new businesses do not reach the fifth year in business? I have watched |
| 2:11.6 | businesses come and go. I have watched even women I have interviewed on this podcast that are no longer in |
... |
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