Scaling Up Book Club Part I: People

In this influencer-fueled world, we are constantly told that we must hit certain milestones to be a 'real business.' But the truth is, out of the 28 million companies in the United States, only 4% ever reach $1 million in revenue. And from there, only about 1 in 10 makes it to $10 million in revenue. Scaling requires an intentional focus on the "four major decision areas every company must get right: People, Strategy, Execution, and Cash." So, how can you scale your STR business and achieve the growth you envision? We've just started reading Scaling Up: How a Few Companies Make It...and Why the Rest Don'twith the STR Legends Mastermind, and it's already been influential for our team. For the next four months we will devote an episode of Get Paid For Your Pad to going through the book's different sections, "People, Strategy, Execution, and Cash." On this episode of STR conversations, Eric and I share some of our key takeaways from the people section of Scaling Up. Listen in for an overview of such topics as the difference between a good manager and a great manager and how to hire the right people for every role on your team and then help them play to their strengths and grow. We share what an A-player is and what they bring to your team. Plus, the one thing that will make or break the success of every aspect of your company. Topics Covered  Why you need to get clear on exactly how many listings YOU need to get to where YOU want to goWhy it's so important to solve your team management issues in the beginningHow Scaling Up can help your business no matter what stage you are inThe most important aspect of scaling your businessHow big your team really needs to beWhy it's so important to step up as a leader in your company to scaleThe 2 most significant tests each member of your team needs to passWhat slows down the growth of a companyHow many people have to apply for your position before you find your A-team playerThe key to hiring A-players at every level of the companyWhy accountability will make or break the success of your companyHow to determine if your strengths as a leader are hindering your company's growthResources Scaling Up: How a Few Companies Make It...and Why the Rest Don'tTraction: Get a Grip on Your BusinessThe Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful BusinessesFREE HOST ASSESSMENT: Grow Your Airbnb BusinessAPPLY NOW for the Legends X STR Accelerator class beginning October 17!FREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsEmail [email protected] Legends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.