Grow A Small Business Podcast Unlocking Leadership: SciMar's Co-founder shares their journey to success, leading a team of 100+ to eight-figure revenue, balancing work-life, and cultivating a vibrant company culture for sustainable growth. (Episode 536 - Mick Lautt)
In this episode of "Grow a Small Business," host Troy Trewin interviews Mick Lautt, Co-founder of SciMar. Mick shares insights on scaling his company to over 100 team members and achieving significant revenue growth. He discusses the importance of cultural fit in hiring, work-life balance challenges, and strategies for successful business exits. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions:
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What do you think is the hardest thing in growing a small business? According to Mick Lautt, the hardest thing in growing a small business is clearly articulating and sharing your vision effectively. He emphasizes the challenge of aligning others with your mission and getting them on board to support your goals, which requires compelling storytelling and consistent communication to build momentum and engagement within your team and community.
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What's your favourite business book that has helped you the most? Mick Lautt mentioned that his favorite business book, which has had a significant impact on him, is "The Seven Habits of Highly Effective People" by Stephen Covey. He values its timeless principles on personal effectiveness and leadership, emphasizing its relevance in shaping his approach to business and life over the years.
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Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Mick Lautt recommended "Diary of the CEO" by Stephen Bartlett as a podcast that he appreciates for its insightful perspectives on leadership, founder stories, and personal growth. He finds value in the format and the diverse professional insights shared by guests on the show, making it a worthwhile resource for anyone looking to grow a small business.
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What tool or resource would you recommend to grow a small business? Mick Lautt emphasized the importance of leveraging people as a key resource for growing a small business. He highlighted the value of surrounding oneself with skilled individuals who can contribute to various aspects of the business, from CRM platforms like HubSpot to specialized tools for marketing, sales funnels, and financial technology platforms. Mick believes in the power of team collaboration and storytelling as essential tools for business growth.
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What advice would you give yourself on day one of starting out in business? On day one of starting out in business, Mick Lautt would advise himself to embrace the journey ahead with resilience and foresight. He would encourage himself to buckle down, stay true to his vision, and surround himself with the right people who align with his goals. Mick would emphasize the importance of learning along the way, enjoying the process, and preparing for the challenges and rewards that come with building a successful venture.
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Quotable quotes from our special Grow A Small Business podcast guest: Finding people who fit your culture and grow with you is key to moving to a new level of sophistication – Mick Lautt Applying leadership theories to real-world scenarios is essential for business success – Mick Lautt Surround yourself with strong leaders who can guide and inspire – Mick Lautt