Strong Over Fast: Why Strategic Growth Beats Rapid Expansion
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About this listen
Summary
In this podcast episode, Elise Mitchell discusses the concept of growth in business, particularly in the context of school contracting. She emphasizes the importance of sustainable and intentional growth over rapid expansion, which can lead to chaos and hidden problems. Elise outlines the dangers of pursuing growth solely based on revenue and FTEs, advocating instead for a strategic approach that includes understanding capacity, implementing systems, and ensuring financial soundness. The episode concludes with a call to focus on building a better business rather than simply aiming for bigger numbers.
Takeaways
- Sustainable growth is more important than rapid growth.
- Rapid growth can introduce chaos into your business.
- Redefine success beyond just revenue metrics.
- Prepare your business infrastructure before pursuing large contracts.
- Chaos can lead to compliance and service delivery issues.
- You become overwhelmed when growth is unintentional.
- Strategic growth should be based on capacity and systems.
- Documented workflows are essential for expansion.
- Financial stability is crucial for sustainable growth.
- Focus on building a better business, not just a bigger one.
Resources
Scale Your School Contracting Business Coaching Program: https://www.thetherapistsupportnetwork.com/coaching-program
Financial Disclosure:
"Beyond the Big Agencies" is brought to you by The Therapist Support Network. Some topics discussed may reference products, services, or resources offered by The Therapist Support Network. This episode may contain affiliate links. I may earn a small commission if you purchase through them, at no extra cost to you
Legal Disclaimer:The information provided in this podcast is for educational and informational purposes only and should not be construed as legal, financial, or professional advice. Listeners should consult with qualified professionals regarding their specific circumstances before making any business decisions.