Shelli Warren, our Chief People Officer, joins me to recap the stages of small business, with a special focus on the Scale and Multiply stages. These stages are all about building and growing a team, and letting go of control.
In the Scale and Multiply stages, focus on creating a stable, replicable business model. We discuss the importance of finding a guru or coach who resonates with you, and who can help you achieve your goals – and sticking with them! These stages are also for you to build and grow your team. Shelli takes us on a deep dive of the challenges surrounding hiring, onboarding, and managing team members, and her tips for tackling these aspects.
As your business grows, recognize that you require different expertise at different levels of your business. Don’t be afraid to let someone go if they’re no longer a fit. Shelli and I talk about low-performing teams and teams that run their leaders, and how that can hold you back. We also deal with numbers – profits, revenue, costs and more! And as with any stage of business, be sure to ask for help if you need it.
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Books or Tools or Events Mentioned:
- Voxer
- Kolbe Assessment
- Books by Patrick Lencioni
- Five Dysfunctions of a Team, by Patrick Lencioni
- Built to Sell, by John Warrillow
- Profit First, by Mike Michalowicz
- Simple Numbers, Straight Talk, Big Profits, by Greg Crabtree
Other Links Mentioned:
BizChix Episodes Mentioned:
- 326: The Stages of Small Business – The BizChix Entrepreneur Growth Framework
- 241: Learn How to Profit First with Mike Michalowicz
Stacking Your Team Episodes Mentioned:
Listen to Stacking Your Team
