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The Growth Dilemma | Ep. 86
Manage episode 447885341 series 3545979
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Join us for an engaging episode of the Paradigm Playbook podcast, where hosts Dave Kozak and Steve Cook tackle the complexities of growth strategies for small business owners. In this episode, they delve into the challenges of scaling a business, especially in the sports industry, and the critical decisions entrepreneurs face on their growth journey.
In this episode, Dave and Steve discuss:
1. The Growth Dilemma: Explore the strategic choices between expanding your existing business model or scaling new opportunities and the factors to consider when making this decision.
2. Deep vs. Wide Growth: Discover the benefits of going deep within your current customer base versus widening your reach to bring in new clients, with examples tailored for sports business owners.
3. Intentional Growth Strategies: Learn how to grow your business with purpose, whether through organic growth or by taking strategic risks, like adding new services or expanding infrastructure.
4. Balancing Profit and Expansion: Dave shares his own experience balancing profitability with reinvesting in his business, emphasizing the importance of intentional financial planning.
5. The Power of Focus: Understand why sometimes saying no to new opportunities can be the best path forward, enabling business owners to focus on their core strengths and unique growth objectives.
Tune in for actionable insights on navigating the unique challenges of business expansion, evaluating growth opportunities, and making decisions that align with your long-term vision. This episode is a must-listen for anyone looking to scale their business effectively without compromising quality or profitability.
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