113 - The 8 Critical Mistakes Founders Make That Prevent Scaling, Exiting or Stepping Back. Part 1 of 2
In this episode, Sean dives into the eight critical mistakes that prevent Founders from scaling their businesses, successfully exiting, or stepping back. These are the very issues that can block your progress, whether you're looking to take on investors, sell your company, or install management and reduce your day-to-day involvement.
From identifying leadership gaps to clarifying strategy and improving execution, Sean breaks down real-world examples from his experience in corporate and due diligence processes, highlighting the actionable steps you need to take to position your business for success.
Key Takeaways:
1. The Holy Trinity of options: Step up, step out, or step back. Learn what path Founders are striving for in the next 3-5 years
2. Mistake #1: Lack of a clear strategy and aligned execution plan
3. Mistake #3: Not having a capable leadership layer that inspires trust and retains top talent
4. Mistake #4: Failing to enable individual success through clear expectations and support
5. Mistake #5: Poor financial visibility and insufficient working capital
6. Real-life example: A million-dollar business run by two Founders failed to scale due to leadership and culture issues, making it risky for investors
Don’t miss this 2-part series! Tune in now!
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Watch or listen to the full episode on:
Spotify: https://loom.ly/NuK50WA
Apple: https://loom.ly/-oy8jL4
YouTube: https://loom.ly/u_vibuw
ScaleHQ website: www.ScaleHQ.com.au/113
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Information
- Show
- FrequencyUpdated Weekly
- PublishedOctober 8, 2024 at 6:32 PM UTC
- Length36 min
- Season2K
- Episode113
- RatingClean