The Business Edit: Declutter and Organize your Business

How to Scale a Service-Based Business and Remove yourself as the Bottleneck

Sep 3, 2024

In this discussion, Amy Traugh, host of the Motivated CEO Podcast and author of The CEO Method, reveals key strategies for scaling service-based businesses. She emphasizes escaping the 'time-for-money' trap by prioritizing profit and creating systems for efficiency. Amy also shares insights on transitioning services, the importance of self-awareness in team dynamics, and the value of customer retention. With actionable tips, she encourages entrepreneurs to focus on their foundational offers and embrace a structured suite to thrive in their growth journey.

31:09

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Episode guests

Amy Traugh

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Episode notes

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Quick takeaways

Focusing on increasing profit margins rather than just revenue is essential for creating a sustainable business lifestyle that supports personal well-being.

Transitioning from bespoke services to standardized processes through productization allows service providers to scale efficiently and improve client satisfaction.

Deep dives

The Importance of Profit Over Revenue

Focusing on profit rather than simply reaching revenue goals is crucial for transforming your business. Increasing profit margin allows for a sustainable lifestyle, enabling business owners to enjoy real vacations and work reduced hours. This shift emphasizes the need to implement more profit-generating strategies that enhance overall well-being. By prioritizing profit, entrepreneurs can create a viable life-first business that supports their lifestyle aspirations.

Intro

3min

Scaling Service-Based Businesses

20min

Navigating the Challenges of Scaling a Service-Based Business

4min

Scaling Beyond Comfort: Building an Effective Offer Suite

3min

Exploring Customer Retention and Intentional Business Strategies

3min

I recently sat down with Amy Traugh from the Motivated CEO Podcast to talk about how to scale a service-based business. So many service providers get stuck in the 'trading time for money' trap, but it doesn't have to stay that way! In this episode, I break down the four stages to scaling a business and what it takes to remove yourself as the bottleneck in your service business. If you're ready to uncap your earning potential and create a thriving business on a part-time schedule, this episode is packed with strategies and systems that you can start using today to grow your service business without the overwhelm.

SHOW NOTES: jadeboyd.co/how-to-scale-a-service-based-business-and-remove-yourself-as-the-bottleneck

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