The grass is always greener on the other side of scale. But underneath that grass is always shit.
Most founders fall into the trap of believing they have to scale their business to be successful. We are fed a steady diet of entrepreneur porn that glorifies the hustle, the massive payrolls, and the top-line revenue vanity metrics. But what if scaling is the exact wrong move for you right now? What if your business shouldn't be your only asset?
I help founders & executives generating more than $10M in revenue find their Easy Mode. Start here: https://ryanhanley.com/subscribe
Watch this episode on YouTube: https://youtube.com/ryanmhanley
Carter Cofield and George Acheampong, the founders of Melanin Money, joined me to break down the reality of building wealth. We unpack the four distinct phases of business and why the decision to move from a highly profitable lifestyle business to a scaling enterprise must be made for the right reasons.
If you are valuable to your business, your business is not valuable. You shouldn't scale your business unless you plan to walk away from it.
We also tackle the massive pressure founders feel to make an "impact" before they have secured their own financial foundation. Carter and George argue that you must secure your income before you can truly make an impact. We discuss how to use content as a compounding growth engine, why the facts changing means your beliefs should change too, and how to stop chasing the next shiny object by defining your exact target.
Connect with Carter Cofield and George Acheampong:
Website: https://melaninmoney.com/
5-Day Wealth Workshop: https://joinwealthworkshop.com
YouTube: https://www.youtube.com/@melaninmoney
George Acheampong Instagram: https://www.instagram.com/georgeacheampongjr/
Carter Cofield Instagram: https://www.instagram.com/cofield_advisor/
Melanin Money Instagram: https://www.instagram.com/_melaninmoney_/
Website: https://ryanhanley.com
Instagram: https://instagram.com/ryan_hanley Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.