Grow A Small Business Podcast From Startup to $10M+ Success: Co-founder of Startup With Feras shares 21 years of insights on scaling a 60-member team and building a thriving business. Discover strategies for growth, culture, and overcoming challenges. (Episode 545 - Feras Alhlou)
In this episode of Grow a Small Business, host Troy Trewin interviews Feras Alhlou, co-founder of Startup With Feras, sharing insights from 21 years of experience. He discusses scaling strategies for managing a 60-member team and cultivating a thriving business culture. With revenue generated exceeding $10 million, Feras offers practical advice on overcoming entrepreneurial challenges. To connect with Feras, feel free to reach out via LinkedIn, Facebook, Instagram, or Twitter.
Other Resources: The Ultimate Recruitment Toolkit Online Short CourseThe 4 by 2 rule when growing a small business 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 Feras Alhlou, the hardest thing in growing a small business is managing the mindset needed to handle unknowns and challenges. Entrepreneurs often underestimate the demands and difficulties, including financial constraints and the need to pivot or adapt. It's crucial to remain resilient and persistent, even when facing unexpected obstacles and uncertainties.
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What's your favourite business book that has helped you the most? Feras Alhlou's favourite business book that has helped him the most is "Good to Great" by Jim Collins. He found it foundational in understanding how to build and sustain a successful business.
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Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Feras Alhlou recommends "The Startup of You" by Reid Hoffman, co-founder of LinkedIn, as a great book to help grow a small business. He also finds value in various YouTube videos and podcasts, such as Professor Scott Galloway's "Prof G Podcast," for insightful perspectives on business and entrepreneurship.
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What tool or resource would you recommend to grow a small business? Feras Alhlou recommends investing in a CRM (Customer Relationship Management) tool as a crucial resource for growing a small business. Additionally, he emphasizes the importance of implementing systems and processes, using tools like Asana or Basecamp, to streamline operations and enhance efficiency.
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What advice would you give yourself on day one of starting out in business? Feras Alhlou advises that on day one of starting out in business, you should "Don't quit." He emphasizes persistence and learning from mistakes, stating that no one can guarantee success, but having a good team, being smart, and putting in the effort greatly increase the chances of success.
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Quotable quotes from our special Grow A Small Business podcast guest: You have to lead by example and live the culture you want to see – Feras Alhlou Don't quit; persistence and learning from mistakes are key to success – Feras Alhlou Manage the imbalance of work and life with resilience and hard work – Feras Alhlou