Why Experimentation and Systems Are the Key to Scaling Any Business

Summary:  Matthew shares his journey from a horrific car accident to becoming a successful entrepreneur. He started his entrepreneurial journey by helping a friend with computer work, which eventually led to him taking on marketing clients. However, he struggled to deliver on his promises and lost clients due to his chronic pain and lack of systems. Determined to change, Matthew started building systems and structures to work himself out of a job. He developed a three-step framework that allowed him to scale his business, bring on a team, and eventually have a successful exit. In this conversation, Matthew discusses his approach to business coaching and strategic consulting. He emphasizes the importance of experimentation and tweaking in business, comparing it to working out and finding what works best. Matthew also highlights the need for accountability and implementation, which is often lacking when people invest in courses without taking action. He shares his three-step process, which includes mindset and strategy coaching, systems and structure consulting, and business development. Matthew emphasizes the importance of leadership, delegation, and automation in running a successful business.

Keywords:  entrepreneurship, car accident, chronic pain, marketing, systems, scaling, team, successful exit, business coaching, strategic consulting, experimentation, tweaking, accountability, implementation, three-step process, mindset, strategy, systems, structure, business development, leadership, delegation, automation

Takeaways

• Adversity can lead to unexpected opportunities for entrepreneurship.
• Building systems and structures is crucial for scaling a business and freeing up time.
• Being transparent and honest with clients builds trust and long-term relationships.
• Having a clear vision and being confident in your abilities can lead to success.
• It's important to prioritize self-care and manage chronic pain while running a business. Experimentation and tweaking are essential in business to find what works best.
• Accountability and implementation are crucial for success, especially when investing in courses or working with a coach.
• Matthew's three-step process includes mindset and strategy coaching, systems and structure consulting, and business development.
• Leadership, delegation, and automation are key factors in running a successful business.

Titles

• Managing Chronic Pain while Running a Business
• Building Systems and Structures for Business Success Accountability and Implementation: The Key to Success
• The Importance of Experimentation and Tweaking in Business

Sound Bites

• "They didn't even let me keep the meat"
• "I always want that full disclosure transparency"
• "Something has to change"
• "If you see an opportunity, you know, you fall into something because somebody asks you to do this for them. And you're like, hey, I can probably make some money doing this and make a business or part of a business out of it or whatever."
• "I try and equate it to working out. If you want to lose weight or you want to build muscle, you probably try one or two things. You're probably going to go through a plateau where you're like, I don't see any results, but at the end of the day, it's tweaking."
• "I love the three-step process. I got people on, you know, if you just follow my 12 step process, I'm like 12 steps. That's a lot. Those are like drug addicts have 12 steps. Like that's a lot. Even five, I think maybe people can stomach right. But it like three makes it easy."

Chapters

00:00 Introduction and Background

03:10 Meeting through Podmatch and Starting the Conversation

04:18 Matthew's Car Accident and Life-Altering Experience

06:47 Struggling with Chronic Pain and Disability

09:33 Transitioning to Marketing and Entrepreneurship

12:21 Challenges and Loss of Clients

15:14 Building Systems and Structures for Business Success

19:05 Confidence and Vision: Keys to Entrepreneurial Success

20:46 Scaling the Business and Exiting Successfully

21:26 Opportunity and Bootstrapping

30:08 Group Coaching and the Importance of Culture

32:29 Matthew's Approach: Coaching and Consulting

47:21 Matthew's Three-Step Process

52:03 Delegation and Automation