cover of episode The 5 Phases Of Scaling Your Business

The 5 Phases Of Scaling Your Business

2024/11/21
logo of podcast Excavation Profits Podcast®

Excavation Profits Podcast®

Shownotes Transcript

In this episode, we dive deep into the essentials of building and scaling a successful service business with insights from Brian Harding, author of Service Industry Success.

Key Takeaways:

  • Understand your financials, especially gross margin, during your startup phase.

  • Shift from being an expert in your trade to becoming a true business owner by mastering delegation.

  • Develop a clear vision and organizational chart to guide growth decisions.

  • Prioritize customer needs and wants to build a compelling brand.

  • Train and empower a leadership team to operate without constant owner involvement.

  • Navigate critical growth stages carefully, avoiding disengagement too soon or mentoring too late.

  • Embrace mentorship and learn from mistakes as part of your entrepreneurial journey.

Key Quotes:

  • "If the company is going, if it's losing money, like nothing else matters."

  • "We say we want freedom, but we really want control."

  • "Procedures in the service world are generally not helpful because there are so many variables."

  • "The business over the long term needs you to [stay engaged], but if you don't do it today, there's no consequence tomorrow."

Resources Mentioned:

  • Service Industry Success by Brian Harding

  • Service Industry Success podcast

  • serviceindustrysuccess.com)

  • Free hiring webinar: freehiringwebinar.com)

This episode is packed with actionable advice for entrepreneurs in the service industry. Don't miss it!  For Excavaton or septic marketing resources click here)

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