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.
- 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
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Get the Full Episode Transcript: