The Business Strategist With Adam Strong

How To Avoid These 10 Common Pitfalls When Scaling Your Business

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Want to scale your business but afraid you may make mistakes? 

In this episode, Adam Strong discusses the 10 common pitfalls to avoid when scaling a business. He also highlights the need for a clear strategy, efficient processes, and strong leadership. Additionally, he advises against relying solely on referrals and neglecting existing customers. Overall, Adam provides solutions and personal stories to help entrepreneurs overcome these pitfalls and successfully scale their businesses.

Takeaways
  1. Having multiple revenue streams is crucial for scaling a business and avoiding the trap of trading time for money.
  2. Outsourcing tasks and creating an 'undoing list' can help free up time and focus on high-value activities.
  3. Expanding product offerings and creating different price points can attract a wider range of clients and increase revenue.
  4. Building marketing assets, such as free products and partnerships, can generate leads and increase brand value.
  5. Having a clear strategy, efficient processes, and strong leadership are key to scaling a business successfully.


    6. {Case Study} How I Helped One Client Grow From £170,000 to £500,000 and Exit In Less Than 12 months: https://adamstrong.notion.site/Case-Study-ffe4872385f24e4dbca03bdd5660c103

     

    Chapters

    00:00 Introduction

    04:46 Pitfall 2: Going Alone

    06:23 Pitfall 3: Limited Products and Services

    10:24 Pitfall 4: Relying on Referrals

    12:07 Pitfall 5: Know Your Capacity

    13:53 Pitfall 6: Lack of Clear Strategy

    15:39 Pitfall 7: Poor Hiring Practices

    18:11 Pitfall 9: Customer Neglect

    20:02 Pitfall 10: Weak Leadership

    23:48 Conclusion

    24:01 Outro business strategist.mp3


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      4. Have you got a plan for scaling up? If not, take the business growth quiz here for FREE: https:/howtogrowabusiness.scoreapp.com


      ABOUT THE HOST

      LinkedIn: https://www.linkedin.com/in/adamistrong

      Have you got a plan for scale in 2024? If not, take the business growth quiz here: https://howtogrowabusiness.scoreapp.com

      Get early access to the game changers inner circle business mastermind go to https://bit.ly/business-mastermind-waitlist for more info

      Learn more about your ad choices. Visit megaphone.fm/adchoices

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      The Business Strategist With Adam StrongBy Adam Strong
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