In this episode, Matthew Bergvinson and Lucas Ng explore how success can often be a double-edged sword. It looks at the warning signs of failure and provides advice on how you can navigate the challenges of scaling your business. 

Key Takeaways: 

• Recognize that success can often be a double-edged sword 

• Understand the warning signs of failure and be proactive in addressing them 

• Celebrate successes, but also roll up your sleeves and get to work fixing the problems 

• Empower new team members with autonomy and trust, allowing you to focus on working on the business rather than “in” it

Timestamps:

01:03 - This is for businesses under $10 million in value

01:34 - An example of a CEO that has difficulty letting go

08:50 - CEOs sometimes feel trapped

09:53 - The help of Consultants

11:07 - CEOs find it hard to trust people

12:42 - The rule of thumb to use to determine whether your business has difficulty expanding

13:44 - The beauty of cataloging

14:36 - Don’t overstress your people

17:33 - The Farmville concept endures

20:06 - Capturing feedback and iterating are important

22:02 - Take time to dig the foundation

23:31 - Automate

24:50 - Do a regular audit

29:06 - Another example of a business with massive success that has difficulty

32:52 - We can help

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Do you know how most businesses are missing the leverage points that increase enterprise value by 15X? We fix that.

👉 https://www.vigilanteconsulting.com/

Get in touch with Matthew and Lukas.

Matthew Bergvinson: https://www.linkedin.com/in/mbergvinson/

Lukas Ng: https://www.linkedin.com/in/lukas-ng/

Vigilante Holdings: https://www.linkedin.com/company/vigilante-holdings/