In this episode, you'll discover:
- The critical difference between fast action and rushed decisions that separates successful entrepreneurs from those who get left behind
- Why taking 3 months to decide on a business name is costing you more than you think
- The two powerful business concepts that will transform how you launch new services: MVP and LVC
- How to make strategic decisions with courage while being willing to be imperfect
- Real examples of entrepreneurs who acted fast and scaled their businesses quickly
Key Takeaways:
🚀 Speed vs. Rush: The Game-Changing Difference
- Rushed = Reactive decisions without analysis
- Fast = Quick analysis followed by immediate implementation
- Your competition is moving while you're perfecting
💡 The Two Concepts Every Service Business Owner Needs:
- Minimal Viable Product (MVP) - Launch the core of your idea to early adopters, then improve based on feedback
- Lifetime Value of Customer (LVC) - Think beyond single transactions to maximize client relationships
🎯 What It Takes to Make Strategic Decisions Fast:
- Courage to face uncertainty
- Willingness to be imperfect
- Willingness to fail and adjust
- Trust in your decision-making ability
Real-World Examples Shared:
- The entrepreneur who spent 3 months on a business name (and why this kills momentum)
- How Maggie tested her 10X Expansion Retreat concept with existing clients first
- A designer who created recurring income by testing one idea with one client
Action Steps:
- Identify one decision you've been sitting on for weeks/months
- Apply the MVP concept to test your next service idea
- Analyze your customer lifetime value to spot new opportunities
- Set a decision deadline for yourself and stick to it
Ready to stop overthinking and start scaling?
Book your complimentary Strategic Growth Consultation with Maggie to identify the opportunities in your business and learn how to execute them fast.
Related Episodes:
- Episode 124: Making More Money in the Service Business With Better Decisions
- Episode 90: Breaking Free from All or Nothing Thinking That Leads to Better Decisions
Connect with Maggie:
- Website: stairwaytoleadership.com
- Email: maggie@stairwaytoleadership.com
- LinkedIn: Connect with Maggie
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