Why do businesses stay small?
In this conversation, Paul interviews John-Paul Iwuoha, a business strategy specialist, who discusses the reasons why many businesses start small and remain small. He emphasizes the importance of operational capacity and the role of fear in business growth. John-Paul also highlights the significance of delegation and structuring for growth, the nature of systems and standard operating procedures (SOPs), and the characteristics of successful businesses. The discussion provides valuable insights for entrepreneurs looking to navigate the challenges of business growth. In this conversation, John-Paul Iwuoha shares valuable insights on entrepreneurship, emphasizing the psychological aspects of starting a business, the importance of strategic financing, and the role of consulting in shaping effective business practices. He discusses the differences between loans and equity, the significance of partnerships, and the necessity of listening in consulting. Additionally, he highlights influential books that can guide entrepreneurs and the shift towards leveraging social media for business growth.
Sound Bites
"Capacity can kill a business."
"You need to grow the operational capacity."
"Are you willing to pay the price of growth?"
"SOPs are just arrangements of how we work."
"You must pay back. Good."
"Consulting is 80% listening and 20% action."
"Questions are doors. Answers are walls."
"Scarcity makes something more attractive."
It was a fascinating conversation.
P.S.
5 DAY MAKE SALES CHALLENGE WEBINAR
Over five days, I’ll teach you powerful strategies, including:
Day 1: 12 ways to acquire new customers.
Day 2: 12 psychological triggers that encourage people to buy.
Day 3: How to build your personal sales funnel
Day 4: How to increase lead attraction and increase sales conversion
Day 5: The 8 spiritual laws that lead to sales success
When you sign up, you’ll gain access to my paid WhatsApp group for one year at no cost. The webinar costs 100,000 naira (approximately $48). This means you’ll receive one year of free coaching on sales and marketing, plus monthly book reviews and goal-setting classes every Sunday.