364 – Part 2: Structuring your Business to Unlock Growth, Profits and More Family Time

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As a business owner, you may find yourself working long hours and sacrificing family time to keep your business afloat. However, with the right structure in place, you can unlock growth, profits, and more time for yourself and your family. In this upcoming podcast episode, guest host Rob Kropp of Pravar Group shares valuable insights on how to structure your business for success.

Rob’s approach involves mapping out the structure of your business, breaking it down into four main roles and three departments (Ground Crew, Office Crew, Ops/Mgmt Team). He then discusses the different stages of growth and revenue run rates that businesses typically go through, as well as the high-level obstacles they face at each stage.

Rob also shares the sweet spots that businesses should be aiming for in terms of growth and profitability, and how to build out the structure in the right order. By following Rob’s approach, you can create a clear path to growth and success, without sacrificing your personal life.

If you’re a business owner looking to take your business to the next level, this podcast episode is a must-listen. You’ll learn how to structure your business for growth and profitability, while also prioritizing your personal life. With Rob’s insights and strategies, you’ll be able to achieve the balance and success you’ve been striving for.

Discussion Points: 

00:00 Intro
00:30 Welcome back Rob Kropp
02:20 Fundamentals of Business Structure
03:28 Mapping out your operational structure
06:20 Why business owners tend to be the bottleneck in business growth
09:45 The first hat to handover when restructuring
14:00 Making the choice of getting ‘off the tools’
18:20 Understanding the roles that you need in your business
20:40 The sweet spots you should be aiming for in general terms of structure
24:35 The hardest phase in building a sustainable and scalable ‘Lifestyle Business’

Resources:

Connect with me on LinkedIn. For more podcast episodes, you may also visit my website. You can listen from your mobile device right now. 🎧 🎧  Click here 🎧 🎧

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