023- $1m to $3m - What Have I Done?
In this episode, we’re continuing our Grow Past Your Thresholds series and talking about the $1M - $3M phase, which we’re calling ‘What Have I Done?’ As your shop reaches this phase, you’re likely to face issues with consistent sales, hiring quality employees, and getting administrative tasks off your plate. Listen for our tips about how to navigate through this phase quicker.
Show Notes
Best Thing You’ve Seen This Week (1:12)
What is it like to cross the million-dollar threshold in a business? (2:44)
A key mindset change at this threshold: consistent sales. (4:42)
A challenge in this phase: finding quality employees (7:20)
Qualities to look for in a great employee. (13:10)
How do you know when it’s time to let someone go? (14:25)
Office systems today vs. when Jeff crossed the $1M threshold. (16:58)
What are some of the things an Office Manager can take off your plate? (22:39)
Tips to help you move through this threshold faster. (25:55)
One Thing (34:46)
Snapshot of the Show (38:05)
Quotable Moments
“We all have limits. If you’re the one wearing all the hats... you’re never going to be able to get past that vicious sales cycle.” — K
“I firmly believe that somebody in the office like myself, who is not working on the shop floor every day, shouldn’t be in complete control of the hiring. The person that they’re working with every day should.” — J
“Having people that can do communication for you is not just good for your sanity and your mental capacity, but it’s also better for your company.” — K
Resources
What Have I Done? blog
