How Do You Make Your Core Processes More Efficient?
Bill Gallagher
Scaling and growth expert, CEO, Serial Entrepreneur, Advisor, Keynote Speaker, Podcast Host, Strategic Planning, Business Coach
Scaling up means getting consistent and reliable in your core processes. It also means there will be an acceleration in onboarding new talent, which tends to damage and create bottlenecks to your processes.
How do you get your core processes tuned up efficiently as more and more people join your company? That's the topic of today's show.
Chris Ronzio is the founder of Trainual, an online platform for business owners that helps them document their processes step-by-step. Prior to that, Chris built a nationwide video production company that sold over $3 million in youth sporting event videos before he was 25 years old and founded an operations consulting firm that helps entrepreneurs create scalable systems and processes.
Chris has been an entrepreneur officially for 18 years, starting his first video production company at 14 years old. By the time he was finishing up college, he was able to get big corporations to sign on with him and had built up quite the reputation. Through delegation, Chris had enough time on his hands to work on the company's systems and processes.
Through Chris's first company, he learned some very vital lessons in systems and processes that were transferable to other industries. He learned that companies who were effectively scaling up all had figured out this simple formula: they honed in on doing one thing consistently which allowed them to document the process effectively and delegate it out without much worry.
It's not that hard to get to $3-7 million in revenue without having focused your business. However, rarely do unfocused businesses hit the over $10 million thresholds in sales. By focusing and specializing in one key area of your business, growth begins to happen rapidly.
Listen in to find out more about how you can make your company's processes crisper, more consistent and scaling better.
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Scaling Up is the best-selling book, by Verne Harnish and the team at Gazelles, on how the fastest growing companies succeed where so many others fail. My name is Bill Gallagher, host of the Scaling Up Business podcast and a leading business coach with a Gazelles. We help leadership teams to get the 4 Decisions around People, Strategy, Execution, and Cash right so that they can Scale Up successfully and beat the odds of business growth success. Our 4 Decisions are all part of the Rockefeller Habits 2.0 (from the original best-selling business book, Mastering the Rockefeller Habits).