#78. What happens when your business outgrows YOU? in today's episode, Sevana and Tiffany take on business lessons from the story of Martin Eberhard, American inventor, engineer and entrepreneur who co-founded Tesla, Inc. (then Tesla Motors) and then was asked to leave. Topics in today's episode includes:
- how to eliminate the roles or "hats" that you put on as owner-operator so you can be CEO of your own business
- the importance of clarity for you and your ultimate role in your business
References:
Scaling Up - FACe Chart: https://coaches.scalingup.com/function-accountability-chart
CNN Interview: https://youtu.be/QIt8WuEQntY?si=dRKg-i9trnsHhDhd
Building a Skills Matrix: https://acquira.com/why-you-need-to-build-an-employee-skills-matrix-and-how-to-do-it/?utm_source=Blog&utm_medium=Article&utm_campaign=How-To-Turn-An-Owner-Run-Business-Into-A-Management-Run-Business
https://www.cleanlink.com/cp/article/Growing-Out-Of-The-Owner-Operator-Role--2476
https://www.theverge.com/23815634/tesla-elon-musk-origin-founder-twitter-land-of-the-giants
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Got questions or have a topic you want Sevana and Tiffany to cover? Email us at thebusinessbehindsmallbusiness@gmail.com and see your question answers or topic of interest discussed on a future episode!
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About BBSB - We are two business owners with two very different perspectives on building business, and the business behind that in order to achieve your goals. One of us built to sell, and will continue on the serial entrepreneur path, which means your focus and drive should include very particular tools and tips in order to achieve your goal. The other, is building a generational business, one that can go on long after she’s let go of the wheel. This type of business also requires very specific tools and platforms to achieve this goal. Both women have been successful in their own right, but in honesty - haven’t scratched the surface!
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Disclaimer - Details of today’s story was inspired by true events but are not based on proven facts. Also, we are NOT licensed financial experts, nor do we give financial advice. Anything we share with you here on our podcast, whether it be a personal experience or submission, or advice/tips that have worked for us, or that we believe would work for you should not be viewed as either financial, business, or tax advice. We ask for you to do your research, have open and honest conversations with your company’s own support providers and make decisions based upon that. Throughout this broadcast we will share our knowledge and give suggestions and hope you will receive them as part of your overall research to better your own company.