Why Most Business Owners Fail at Scaling: What Marcus Aurelius Would Say About Your Mistakes
Liam Corcoran
Business Coach | Scaling Strategist | Leadership Mentor at Business Coach Academy, guiding leaders to scalable success
Scaling your business from £1M+ in revenue can feel like an exhilarating climb, but one filled with relentless pressure and deep frustration. The journey brings new, complex challenges: maintaining consistent cash flow, preserving company culture amid rapid hiring, balancing innovation with efficiency, and shouldering the immense burden of leadership. For many founders and CEOs, this stage feels like a constant juggling act with everything on the line.
To navigate this turbulence, we can draw surprising yet powerful insights from Marcus Aurelius, the Stoic philosopher-emperor. His reflections in Meditations offer wisdom on handling pressure, staying grounded, and leading with integrity. Here’s how his teachings apply to the challenges of scaling a business.
1. “You have power over your mind, not outside events. Realise this, and you will find strength.”
Lesson: Focus on What You Can Control - Market shifts, economic downturns, and sudden competitor advancements can send any business into a tailspin. In 2020, a founder I worked with faced a massive disruption when global supply chains collapsed. Their initial reaction was panic, but we quickly focused on what they could control: strengthening supplier relationships, exploring local manufacturing, and tightening cash flow management. By channeling their energy into controllable elements, they emerged stronger and more resilient.
Key Takeaway: Prioritise areas you can influence:
2. “Waste no more time arguing about what a good person should be. Be one.”
Lesson: Lead by Example As your company grows, maintaining culture becomes a daunting task. In a hyper-growth tech firm I coached, rapid scaling eroded the startup’s once close-knit culture. Employee engagement tanked, and turnover skyrocketed. We implemented measures like regular one-on-one check-ins, transparent communication, and visibly living company values. Over six months, employee retention improved by 40%.
Key Takeaway: You set the tone. Consistency and authenticity matter.
3. “If it is not right, do not do it. If it is not true, do not say it.”
Lesson: Make Values-Based Decisions The pressure to compromise on values is enormous. In one case, a founder felt immense pressure to exaggerate financial metrics to secure funding. Instead, he chose to be transparent about the company’s financial struggles. The result? A stronger relationship with investors who respected his honesty and supported him with strategic guidance.
Key Takeaway: Use a values-driven framework for decision-making:
Data Insight: Harvard Business Review found that companies with strong, value-driven cultures saw a 13.9% higher return on investment over a decade. Values aren’t just idealistic, they’re strategic.
4. “The impediment to action advances action. What stands in the way becomes the way.”
Lesson: Embrace Obstacles as Opportunities Obstacles can feel like insurmountable roadblocks. A client I advised struggled with high customer churn, threatening their business's survival. Instead of panicking, we viewed it as a chance to innovate. By deeply analysing customer feedback and reimagining the user experience, they reduced churn by 30% and uncovered new product opportunities.
Key Takeaway: Reframe challenges as stepping stones:
5. “The happiness of your life depends upon the quality of your thoughts.”
Lesson: Guard Your Mindset Leadership can feel isolating. I’ve experienced it personally: launching my own company, I faced days of overwhelming pressure and anxiety. What kept me steady was practicing Stoic mindfulness, journaling every morning about what I could control, and seeking out peer groups to share experiences and find support.
Key Takeaway: Mental fortitude is non-negotiable:
Conclusion: Bringing Stoicism into Modern Leadership
Scaling from £1M+ isn’t for the faint-hearted. Yet, the wisdom of Marcus Aurelius offers a roadmap for strength, resilience, and integrity. Focus on what you can control, lead by example, uphold your values, embrace obstacles, and protect your mindset. These principles are timeless for a reason.
Engage With Me: What challenges have you faced while scaling your business, and how did you handle them? Share your insights or lessons learned, I’d love to hear your stories!
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I help stressed out executives & entrepreneurs excel in their current or next role, unlock their full potential, and enjoy their journey to professional success| Executive Coach | C-Suite Executives | Book Now ??
1 周Great article on leadership and how to lead with integrity and value, so much wisdom comes from history - learn and grow with ease.
?? Get Done For You Sales Funnels Installed In Your Business To To Start Up & Scale Up ??CEO, FUNNELS.com & WealthAcademy.com Marketing Expert, $30Million In Sales Before 30 Yrs Old From Digital Publishing & Agency
2 周great article!
Helping Recruitment and Training company owners to unlock immediate profit, drive sales and build a platform to deliver serious revenue growth in the short term and capital growth in the long term.
2 周Great article Liam Corcoran. Marcus Aurelius was an amazing human and his Stoicism creates a template on how to live a fulfilling life and truly understand oneself.
Chief Product Officer & Co-founder
3 周Hey Liam, love the Aurelius reference.. great article and insight