Scouting for Growth Beate Chelette: Scaling Secrets from The Growth Architect
On this episode of the Scouting For Growth podcast, Sabine VdL talks to Beate Chelette, known as the Growth Architect, about her journey from being a broke single mom immigrant with $135,000 in debt to selling her business to Bill Gates for millions.
In this episode, Beate shares her hard-won wisdom on what it really takes to pressure-test your idea, build a solid foundation, and scale your business sustainably. She reveals the most common pitfalls she sees founders making at each stage and how to avoid them.
KEY TAKEAWAYS
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I trained to be a photographer and ended up as photo editor at Elle Magazine. I always liked working with creative, non-conforming, colourful people who had great ideas and needed somebody to help them. I later moved to LA to do something new and that would put me in charge of my own life. After an economic recession I became an entrepreneur on my own with a 6-month-old baby. It was a rough road.
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I went through a lengthy and expensive lawsuit, my Dad died, multiple natural disasters impacted my clients and then 9/11 happened. I had to file for bankruptcy. Then I got a letter from the White House that put me in touch with a small business administration that helped with funding for small business owners. They helped my find a bank to restructure my debt into a single loan that freed up my line of credit. Three months later I broke even and 18 months later I’m the world leader in my category. Next thing I know I’m doing a transaction with Bill Gates after his company agreed to buy my business. I became a self-made multimillionaire 18 months after the worst moment of my life.
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As a creative, the reality is that you’re in your creativity 30% of the time and in business 70%. Creatives want to be in the creative world because they don’t want to be in the business side of things. But the successful creative has to be creative and they have to understand business. Somebody who isn’t creative and is only in the business only has to master one skill, so the creative has two strikes against them to be successful.
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The idea of being a Growth Architect came from the fact that when you’re building something you’re architecting it, you’re deciding where it’s going to be, how big it will be, which way it faces for the sunset/rise, what it’s built from, who it’s for, etc. I build the blueprint so you can build your house any way you want, but I advise you every step of the way.
BEST MOMENTS
‘I left Germany to find adventure and I’ve not had a boring day since.’
‘Before you need to be right, be very careful of what you’re getting yourself into. A fight for your life could end up being a fight for nothing.’
‘A good idea is nothing unless somebody else wants to buy it.’
‘If you look at AI and image creation, creativity has taken a new route. It’s no longer about taking something that exists and making it look good, it’s an imaginary world and a completely different business.’
ABOUT THE GUEST
Beate Chelette is the Growth Architect and Founder of The Women's Code. She equips visionaries and leaders with proven strategies, blueprints and growth maps to improve business systems, strengthen leadership skills and scale their impact.
Beate believes success resides at the intersection of strategy and spirituality, a philosophy she infuses into her work as the Growth Architect. Her mission is to empower others to embrace strategic thinking, unlock hidden opportunities, and build sustainable business models, especially in challenging times.
ABOUT THE HOST
Sabine is a corporate strategist turned entrepreneur. She is the CEO and Managing Partner of Alchemy Crew a venture lab that accelerates the curation, validation, & commercialization of new tech business models. Sabine is renowned within the insurance sector for building some of the most renowned tech startup accelerators around the world working with over 30 corporate insurers, accelerated over 100 startup ventures. Sabine is the co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.