5 • 867 Ratings
🗓️ 4 October 2024
⏱️ 50 minutes
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Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
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0:00.0 | How do you scale responsibly? |
0:04.0 | And you said the way to maintain your culture is by doing the repeatable, non-scalable actions over and over again. |
0:11.0 | And maybe it's not you doing them as much anymore, but it's your team doing them. |
0:14.0 | So can you talk about the importance of identifying the non-scalable and the importance of building a culture where your team does that by default. |
0:22.0 | Yeah, I think that it's not that anything is unscalable. It's that you don't know how to scale something. |
0:26.8 | And so I think for a lot of people, they see something in a business and they say, oh, that's not scalable. |
0:31.0 | But it would actually mean you don't have the skill of scaling. And what scaling is, it's, in my opinion, like how I would define scaling a company, is being able to take something, pass it off to somebody else, and it doesn't drop in terms of quality. |
0:44.1 | Meaning you maintain KPI. If I want to scale sales and I'm the founder and I'm doing sales and I'm closing at 80%. Scaling sales means I pass off closing to somebody and they maintain 80%. That is what I think |
0:56.6 | somebody who is very good at scaling is able to do. And in my opinion, what that all leads back to |
1:01.1 | is they're good at teaching. And so if you want to be good at scaling your business, you get good at |
1:05.4 | teaching people how to do things. I think part of that is assessing what type of people you need |
1:10.1 | in your business and what base level skills that they need to have because you cannot teach those skills. |
1:14.2 | And the other side of it is knowing how to convey information to somebody. |
1:17.7 | The easiest way to scale your business is to lead by example. |
1:21.2 | And so for me, getting in and doing everything first has been the number one fail-safe way of me scaling my business. |
1:28.2 | So, for example, when we started those workshops, okay, let's think back, who decided on the catering, |
1:33.7 | who built out the templates, who decided what the lighting looked like, what the state, like |
1:38.9 | all of those things were me. |
1:41.0 | Just because I have a team and money and six, Like I know how to do it right, which means |
1:47.1 | that I go in and I do it to show everybody what looks like. Set the standard. Yeah, I set the standard. |
1:51.4 | And then even so, it's not that I just disappear. Like I think a lot of people think as I scale |
1:55.5 | my business, that means that like when I hand something off, it's like, no, you do it. No, |
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