348: Could Keeping Your Business Small Be the Next BIG Thing? with Melvin Varghese, PhD

Oct 12, 2023

Ask episode

Chapters

Transcript

Episode notes

Two questions confront me daily: How big do I actually want to grow STC? What is the purpose of STC in relation to my overall life? Freedom is my most important value, and building my business around my life, family, and health is most important to me. Not every entrepreneur has the same goals, but these are questions for every entrepreneur to consider. Let’s take a closer look in today’s session!

You’ll Learn:

How I was compromising to fit life around my business instead of optimizing the business to fit the life I wanted
5 key concepts I learned from Paul Jarvis in his book, Company of One:
Companies of one reject limitless growth.
We should set firm growth limits to keep opportunity costs small.
Companies of one are okay with limited success.
More profits mean more productivity, sales, customers, and infrastructure to manage.
Develop your business out of a side gig.
Your business needs time to incubate and grow so you can devote yourself to it full time.
Target a specific audience to find your niche.
The more specific your target is, the easier it is to connect, build trust, and distinguish your audience’s needs.
Embrace the power of simplicity and personality.
Amplify your uniqueness by sharing your most powerful asset: yourself and your personality.

Resources:

Want to launch your online course?

Please check out our free 7-Day Course Creator Starter Kit For Therapists: https://sellingthecouch.com/coursekit

Looking to launch a successful podcast?

Please check out our free "Using Podcasting To Grow Your Business" workshop for therapists:

https://sellingthecouch.com/podcastingworkshop

Mentioned in this episode:

Try Alma!

Building and managing the practice you truly want can feel overwhelming. That’s why Alma is here—to help you create not just any practice, but your private practice. With Alma, you’ll get the tools and resources you need to navigate insurance with ease, connect with referrals that are the right fit for your style, and streamline those time-consuming administrative tasks. That means less time buried in the details and more time focused on delivering exceptional care to your clients. You support your clients. Alma supports you. Learn more at sellingthecouch.com/alma and get 2 months FREE—an exclusive offer for STC listeners.