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Summary

In this conversation, Mike and Isaiah Nolte discuss the common challenges businesses face that prevent them from reaching their full potential. He emphasises the importance of leadership in identifying and addressing these challenges to unlock growth.


Takeaways

The results are massive when addressing business challenges.
There are 15 commonalities that cause businesses to hit a ceiling.
Identifying these commonalities is crucial for growth.
Leadership teams play a vital role in solving these issues.
Pulling the right levers can unlock business potential.
Sales leadership is key to overcoming obstacles.
Understanding the root causes of stagnation is essential.
Entrepreneurs must be proactive in addressing challenges.
Collaboration within the leadership team enhances problem-solving.
Unlocking potential leads to significant business growth.

Keywords

business growth, leadership, sales strategy, entrepreneurship, potential unlocking, common challenges

Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au

https://www.linkedin.com/in/mikeadamscott/

https://theintentionalleaders.com/

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In this episode, Mike discusses the practical application of the Bloom Growth Model in business, focusing on identifying key business metrics that truly matter. He shares insights from his experience with the ILN and emphasises the importance of setting realistic growth goals and weekly KPIs to drive business success.

Keywords

Bloom Growth Model, business metrics, ILN, growth goals, KPIs

Takeaways

• Identify business metrics that truly matter.
• Implement Bloom Growth Model for business success.
• Set realistic growth goals and KPIs.
• Focus on member referrals as a key metric.
• Balance profit and member experience.
• Use weekly KPIs to track progress.
• Create content that resonates with your audience.
• Apply the 95-5 budget principle for member experience.
• Build an ecosystem that feeds each other.
• Execution and communication are key to success.

Chapters

• 00:00:01 Introduction to Bloom Growth Model
• 00:00:28 Implementing Bloom in ILN
• 00:00:57 Identifying Key Metrics
• 00:01:53 Setting Growth Goals
• 00:02:50 Weekly KPIs and Execution
• 00:05:18 Balancing Profit and Experience
• 00:10:02 Referral Strategies
• 00:13:24 Member Experience and Budgeting
• 00:18:02 Content Creation and Ecosystem

Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au

https://www.linkedin.com/in/mikeadamscott/

https://theintentionalleaders.com/

Send us a text

In this episode, Mike discusses the evolution of company culture as businesses grow. He emphasises the need to let go of early-stage cultural practices that no longer serve larger teams and introduces five key points to help businesses adapt. These include creating structure, evolving culture, ensuring clarity, modeling leadership, and bringing values to life. Mike shares practical advice and personal anecdotes to illustrate how businesses can navigate these changes effectively.

Keywords

company culture, business growth, leadership, structure, values

Takeaways

• Structure creates freedom and clarity.
• Evolving culture is necessary for growth.
• Clarity prevents chaos in growing businesses.
• Leadership is modeled, not outsourced.
• Values should be actionable, not just words.
• Dependency maps identify growth bottlenecks.
• Audit culture to align with growth goals.
• Trade speed for clarity to reduce chaos.
• Celebrate and criticize in context of values.
• Change is emotional but necessary for growth.

Chapters

• 00:00:02 Introduction to Cultural Evolution
• 00:01:32 The Importance of Structure
• 00:03:53 Evolving Culture for Growth
• 00:06:44 Clarity and Leadership
• 00:09:57 Living Your Values

Find out more about working with me or about applying to join the ILN. mike@smbmastery.com.au

https://www.linkedin.com/in/mikeadamscott/

https://theintentionalleaders.com/