Surprising Hidden Threats to Avoid When Scaling Your Business (EP 5)

How much is getting your business ready to scale really going to cost you?In this episode of The Biz Doctor, we take a look at ‘Step costs'; the costs that the business will absorb when it scales.These can be as insignificant as another email or Slack subscription every month to something much bigger… like a new $100k salary.Specifically, Lauren Goldstein shares insight on:What it really looks like to grow too fast while trying to retroactively put systems and teams in place. AKA building a plane while trying to take off.What it means when you have excess leverage and time in the business but it doesn’t match the revenue coming in; low profit margin and high overhead.Why there is no “perfect” time to scale but there are the best time to scale-------------------------If you enjoyed this episode and it sparked something in you, please give us a 5 Star rating/review and share this with your friends and fellow business owners.Also, don’t forget to subscribe so you are the first to get notified when our next episode is live and ready for your ears.-------------------------Meet your host. Lauren Goldstein is founder and CEO of the award-winning and globally-recognized business consulting firm, Golden Key Partnership. Her clients lovingly call her “The Biz Doctor” (which also happens to be the way this podcast got its name). Her superpower is helping 7-figure service-based entrepreneurs uncover what is keeping them stuck in the trenches of their business, so that they can have more freedom, profitability, impact, success, happier teams, and can breathe a much needed sigh of relief.She’s been featured in Thrive Global, Huff Post, Authority Magazine and is a trusted expert to fortune 500 companies like Apple, Nike, and AT&T, among others.For more from Lauren, and to learn more about her signature diagnostic framework or how she helps business owners get out from under her business visit her website https://www.GoldenKeyPartnership.comYou can also connect with her on instagram (www.instagram.com/itslaurengoldstein) or LinkedIn (www.linkedin.com/in/laurenegoldstein)The Biz Doctor is produced by Story Studio Network. www.storystudionetwork.com/