Today’s episode is part two of the interview I did with my good friend and mentor, Daniel Marcos, co-founder and CEO of the Growth Institute. (If you didn’t catch last week’s episode, I encourage you to listen to that first.) In this follow-up, you’ll hear more about Daniel’s journey into disciplined entrepreneurship and gain insight on scaling a business the right way.
Listen in as Daniel talks about the different stages of business and how tricky it can be moving from a Stage 2 to a Stage 3 business. He shares how he looks at the different stages of business in today’s economy, as well as how intentionality, awareness, and purpose are key to scaling successfully. You’ll also get a glimpse of where Daniel is headed next and hear some of his best advice on managing the potential risks facing us in the coming economic changes.
Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify | More
- 8:07 – When you should be scaling up and why you might not want to.
- 11:57 – When and how you can harvest equity—and potential issues.
- 15:57 – Where entrepreneurs often lack discipline and start losing.
- 17:48 – Current issues in today’s economy and how to navigate them as a business owner.
- 22:37 – What will contribute to instability and the situation with China.
- 29:00 – Reserve currency and what might happen if people go against the U.S. Dollar.
- 33:26 – The deal with taxes and what Daniel has experienced paying taxes in different countries.
- 41:12 – Daniel’s perspective on inflation and how it might affect the economy.
Featured on the Show:
- Daniel Marcos: Website | LinkedIn
- David Phelps: Website
- Growth Institute
- Scaling Up by Verne Harnish
- The Fourth Turning by William Strauss
- Entrepreneurs’ Organization (EO)
- What’s Your Next? by David Phelps
Want to join David for the 30-Day Blueprint Course?
Go to: www.FreedomFounders.com/BlueprintCourse to learn more about how you can discover the Blueprint that has helped hundreds of practitioners create more Freedom for themselves and their families.
Watch full length Interviews on video!
Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with Me:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least $1M in available capital, then click the link to schedule a quick call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to schedule a call with me directly. www.freedomfounders.com/
2. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/
3. Ready to Step Away?
“How Much is Enough?” This simple question keeps hard-working professionals at the hamster wheel of active income far longer than they need to be. Watch this free training, and discover a proven model for determining how much you really need before hanging up the handpiece! www.freedomfounders.com/
4. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (3-5 years or less), visit www.freedomfounders.com/step-1 to apply for a guest seat.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
Get the Full Episode Transcript: