Ep 257 The Most Important Numbers and Drivers with Lee Benson

The Most Important Numbers and Drivers with Lee Benson

 

Welcome to another episode of The Profit Answer Man, where we dive deep into the strategies and mindsets that drive business profitability and sustainable growth. Today, we’re joined by Lee Benson, a serial entrepreneur who has successfully built and sold multiple businesses, including a nine-figure exit to Textron.

 

Lee brings decades of experience in business strategy, leadership, and value creation. His passion for helping organizations increase their impact and profitability is evident in his work as the CEO of Execute to Win, a firm dedicated to enhancing organizational effectiveness.

 

If you’re a business owner looking to scale profitably while navigating growth challenges, you won’t want to miss this episode!

 

In this episode, you will learn:

1. How Lee took a failing company, assumed its debt, and turned it into a highly profitable venture.
2. The key lessons from scaling a business from $0 to a nine-figure exit.
3. Why hitting plateaus in business growth is normal and how to break through them.
4. The importance of aligning leadership with the needs of the company at different stages.
5. How to develop a sustainable growth strategy that maintains profitability.
6. The biggest mistakes entrepreneurs make when scaling and how to avoid them.

 

Key Takeaways:

• Take Smart Risks and Own the Outcome – Lee turned a struggling company around by assuming its debt, securing customers, and focusing on value creation. Many entrepreneurs hesitate at the idea of taking on debt, but when done strategically, it can be a powerful tool for business growth.
• Growth is Not Linear – Scaling a business involves hitting revenue plateaus before making the next big leap. Lee experienced these plateaus, such as being stuck at $8 million for a few years before unlocking the next growth phase.
• Be the CEO Your Company Needs – One of the biggest lessons Lee shared is that business owners must evolve as leaders. Each stage of business growth requires different skills, mindsets, and strategies.
• Focus on Profitability Over Revenue – A mistake many business owners make is chasing top-line revenue without ensuring profitability. Lee emphasized the importance of maintaining strong profit margins while scaling.
• Execution is Everything – Scaling isn’t just about strategy; it’s about execution. Lee’s company maintained a 20%+ annual growth rate by continuously refining operations and executing with discipline.

 

Guest Bio:

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