Grow A Small Business Podcast Achievements in Small Enterprises: Ceo of Instafloss shares Stop Loss Saga - 2 to 7 Team Members, Nets 2.5M Orders! Insider Strategies for Busy Entrepreneurs to Boost Growth. (Episode 512 - Eli Packouz)
In this episode of "Grow a Small Business," join host Troy Trewin as he interviews Eli Packouz, founder of instafloss, a company that has grown from 2 to 7 team members and secured 2.5 million in pre-orders. Eli shares invaluable insights into business growth, from hiring strategies to maintaining a positive mindset. Tune in for essential advice for busy entrepreneurs looking to scale their businesses successfully. 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:
-
What do you think is the hardest thing in growing a small business? According to Eli Packouz, the hardest thing in growing a small business is maintaining a positive mindset, regardless of the challenges faced. He emphasizes that succumbing to despair is unproductive and hinders progress. Instead, treating obstacles as puzzles to solve can lead to more effective outcomes for both the business owner and the team.
-
What's your favourite business book that has helped you the most? Eli Packouz's favorite business book that has immensely helped him is "Venture Deals." This book provided invaluable insights into the world of fundraising and venture capital, essential for navigating the complexities of growing a startup.
-
Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Eli Packouz doesn't rely on podcasts or online learning for professional development. Instead, he explores various interests through podcasts. However, for small business growth, he suggests focusing on practical strategies and tools tailored to individual business needs rather than specific podcasts or online courses.
-
What tool or resource would you recommend to grow a small business? Eli Packouz recommends Slack as an essential tool for small businesses, particularly for those with a distributed model. He emphasizes its importance in facilitating communication and collaboration among team members, which is crucial for efficient operations and growth.
-
What advice would you give yourself on day one of starting out in business? Eli Packouz would advise himself on day one of starting out in business to prepare for a longer journey than expected and to raise more capital initially. He suggests being ready for the unexpected and ensuring sufficient financial runway for the business to navigate challenges and pursue growth opportunities effectively.
Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.
Quotable quotes from our special Grow A Small Business podcast guest:
Long-term success often requires patience beyond our initial estimates – Eli Packouz Investing in professional development is akin to investing in the growth of your business – Eli Packouz Embrace uncertainty; it's the breeding ground for innovation and progress – Eli Packouz