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Ep41 - Insights on Scaling a Business
Chris talks about the importance for building a business that is scalable.
Chris uses Starbucks as an example when it started its first shop in Pike Place before turning into a $128 billion empire!
Chris Reynolds, Executive Chair and co-founder of Investment Planning Counsel, is turning the page on what it means to build a better business.
Tune in to conversations with visionaries and financial advisors who have walked the path to success for ideas you can implement today.
Chris uses Starbucks as an example when it started its first shop before turning into a $128 billion empire to demonstrate the significance of having a scalable business.
One of my favorite books is “The E-Myth” by Michael Gerber. In the book Michael talks about the difference between a practitioner verses an entrepreneur. A practitioner is someone who builds a business around them. An entrepreneur builds a business around processes to deliver a quality product and experience to a customer which can be duplicated over and over.
In today’s podcast, I want to talk about the most important part of building a business – making it scalable. I have spent my career studying what makes businesses successful, I mean truly successful and there are some commonalities among all of them.
To show how to do it, I’m going to talk about one of my favorite examples: a coffee shop in Seattle which turned one location in Pike Place into 12,000 locations worldwide, a market capitalization of $128 billion dollars and a global phenomenon - Starbucks!
I’ll share with you the formula they used and how you can implement it into your business.
Are you building your business to be scalable? I’d love to talk with you about it over a virtual coffee and show you how to do it!
You can schedule a time with Chris using the form on the right.
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Ep41 - Insights on Scaling a Business
