27: The 3 Stages of Business Growth (& What To Do In Each Stage)

In this episode of 7-Figure Educator Podcast, I’m going to break down the journey of running a business into three distinct stages: experimenting, growing, and scaling. Tune in as I reveal the key focus areas and priorities for each stage, as well as provide valuable insights and actionable advice for you to take your consulting businesses to the next level! Whether you're just starting out and experimenting with your business model, or you're ready to scale and pour gas on your marketing efforts, this episode has something for you. So if you're ready to break through the barriers holding your business back and step into the role of a CEO, this episode is a must-listen. Join me on this journey of growth and transformation as we explore the three stages of business on the 7-Figure Educator Podcast. KEY POINTS: - Stage 1: Experimenting Stage - On having experimentation, refining business models, and pricing strategies  - The importance of having a mindset of continuous learning and adaptation - Stage 2: Growing Stage - The necessity of maximizing networks and referrals  - On prioritizing upscaling marketing efforts for target clients - The pivotal role of building a robust team in business - Stage 3: Scaling Stage  - On adopting a CEO mindset with strategic initiatives  - The importance of using technology to streamline operations and drive efficiency QUOTES:  “You have to actually have to break your business in order to grow. And that's an indication that you're growing – when your business starts to break.” — Dr. Erica Jordan-Thomas “So at this scaling phase, this is really important because you're shifting your identity to a CEO, which means now you're thinking about HR, you're thinking about finance differently.” — Dr. Erica Jordan-Thomas RESOURCES: [FREE] I am spilling the tea on the trends & strategies for building a 7-Figure Education Consulting business in 2024. Get your FREE copy of the 2024 Education Consulting Market Trends & Business Success Strategies now!  [LIVE EVENT] Join us at Seven Figure Educator Live, our three-day event in Atlanta, Georgia, where you'll experience unparalleled content, community, and fellowship. Click HERE to grab your ticket now and let's make magic happen together in Atlanta!  [FB COMMUNITY] Don't miss out on your chance to connect with other education consultants in our free public Facebook group! Click HERE and find your 7-Figure community today. [GET LAUNCHED SCORECARD] Don't miss out on the chance to gain clarity on your stage of business with our Get Launched Consulting Scorecard! Click HERE to take the quiz and get actionable steps tailored to your business stage.  Dr. Erica Jordan-Thomas  IG | @e_jordanthomas LinkedIn | @erica-jordan-thomas-ed-l-d-86314764  Facebook | @EJTConsultingLLC  Enjoyed this episode? Like, rate, and subscribe to the 7-Figure Educator podcast!  7-Figure Educator is produced by EPYC Media Network