How to Evolve as a Business Owner
Take away:
The journey of evolving as a founder requires embracing each stage’s struggles to develop new skills, rather than rushing ahead; the joy is found in the present moment.
Money Learnings:
Money was a source of stress and problems in Scott’s family growing up. His dad worked a blue-collar job and his mom worked on and off to make ends meet. He didn’t understand finances as a kid, just that money seemed to cause issues. It felt like a “necessary evil” in the background. After accidentally dropping out of high school early, he went to ministry school without money or a job. He had to sell cherished possessions like his guitar just to get by. He learned lessons through mistakes, like quickly burning through $4,000 and bouncing a check. This taught him to track his accounts and not spend recklessly.
Bio:
Scott helped start nearly 20,000 new businesses and nonprofits and with his business partner started led their multimillion-dollar business through an exceptional and extended growth phase (over 10 years of double-digit growth) all before he turned 35.
Today he helps founders and CEOs identify and implement the one essential strategy they need right now to get them on the fast track to Predictable Success.
Highlights from this episode:
- Success often comes from embracing the struggle, not avoiding it. The lessons are in the valleys, not at the mountaintops.
- What got you here won’t get you there. As you evolve, you have to let go of old skills and mindsets and develop new ones.
- Leading people requires different skills than producing as an individual. Make the leap to management.
- There are stages to the founder’s journey. Skipping steps usually backfires. Honor the process.
- Disillusionment is normal when building something big. Stay persistent through the messy middle.
- True freedom as an owner comes from doing the work to build a self-sustaining organization.
- Joy is found in the present moment, not at some future destination. Appreciate where you are.
Links:
You can get your FREE copy of the Founder’s Evolution at https://www.scalearchitects.com/founders
Website: https://www.scalearchitects.com
Instagram: https://www.instagram.com/scottritzheimer/
Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!
Thanks for listening!
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Some music provided by Junan from Junan Podcast
Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
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