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Main Street Business

#522 The Secrets To Scaling Your Business

Main Street Business

Mark J Kohler and Mat Sorensen

Management, Tax Tips, Entrepreneurship, Accounting, Business, Business Structure, Estate Planning, Tax Reform, Legal Compliance, Tax Prep, Tax Strategies, Financial Reporting, Irs Updates

4.8584 Ratings

🗓️ 27 August 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Join Mark J. Kohler and Mat Sorensen in this episode of the Main Street Business Podcast as they guide you through effective business scaling techniques. Learn about the strategic hiring of an executive assistant, the importance of establishing SOPs, how to manage onboarding and compliance to safeguard your expansion. Here are some of the highlights: Mark and Mat break down the significance of hiring an executive assistant first and foremost.Interviewing at least three candidates before makin...

Transcript

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0:00.0

Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.

0:05.5

Both are best-selling authors and have over 25 years of industry experience with 10,000 client consultations,

0:12.3

making them the leading tax and legal experts in the nation.

0:16.1

Together, they'll unpack the most complex tax, legal, and financial strategies,

0:20.6

crucial for saving more,

0:22.1

stressing less, and building generational wealth. Today, they're your personal advisors.

0:28.1

Ready to break it down for you and make the tax and legal game easier than ever. Here is Mark and

0:33.6

Matt. There's a lot of things you're doing that are not the highest and best use of your time. You don't scale a business. You scale people. The people scale the business for you. And so we need an assistant that can help with those less valuable things. We're going to start to identify where an employee could take some of those things off your plate. They're freeing up your time to work on the business, not in it. What are you going to do with that time?

0:54.8

I hope you're going to make more money with it.

0:56.4

Cost you four, you make 10.

0:58.0

Don't get into analysis paralysis and not pull the trigger here when you know you need it.

1:04.2

Welcome, everyone in the Main Street Business Podcast.

1:06.3

This is Matt Sorensen, joined by the incredible Mark J. Kohler.

1:09.3

And we're here to talk about taking your

1:11.0

business to the next level. It is. And it's about scaling, leveling up. And I love talking to so

1:18.3

many clients about their first employee. It's a big emotional, mental hurdle to make that leap,

1:25.4

right? Yeah, I think it's that there's some financial risks to it, right? But the only way you're going to scale, and this is one of the important things I love about scaling, you don't scale a business, you scale people, the people scale the business for you. Ooh, good comment. So we got to start with employee number one, and this is sometimes the hardest one to crack, but this could also be one of the most integral persons in your business that can help you grow, that can helpfully

1:47.9

develop themselves and be a core piece of your success. Yeah. And I can't remember which book. Oh my gosh,

1:53.6

you and I've quoted it before. But your first and most important hire is your assistant,

1:59.4

personal assistant, executive assistant assistant whatever you want to call

2:01.8

them and they can wear multiple hats and we're going to use that as our avatar today yeah that's going to be

2:07.1

our example you may say well i need an accountant under me i need an attorney under me i need a bookkeeper i

...

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