Dave Lukas Chats with Mitch Russo
85: How to Build a Scalable Business with Mitch Russo
This week’s Misfit Entrepreneur is Mitch Russo. Mitch is the president of Mindful Guidance, a company that works with high net worth individuals who want to turn their passion into revenue on the coaching side. Before that, Mitch built and sold a software company for 8 figures and was partners with Tony Robbins and Chet Holmes as the CEO of Business Breakthroughs International - which he guided to over $25 million a year in revenue. He is also the founder and host of the Your First Thousand Clients podcast.
Mitch has won many awards and has been nominated twice for the Entrepreneur of the Year award by INC Magazine. He is also the best selling author of The Invisible Organization.
Mitch knows how to scale a business and build a tribe better than anybody and I’m excited for him to share his best advice with you in this episode.
Mitch grew up never really fitting in. He was a smaller kid and didn’t play sports. He was a quiet kid and didn’t get invited to parties. So, he started a rock band to meet girls. He learned a lot about himself and business, especially in how to promote and market – making the band the highest grossing rock band in the area.
Later, he found himself working for others and found jobs to be unsatisfying and would make it tough to reach financial independence. So, he started buying real estate – until his first building caught fire. But, he got up from that, dusted himself off and had great success in real estate. But, he was still working at a job until finally he had his first big idea. The idea was to build a software to solve a problem that everyone had and it became Timeslips Corporation.
At the 6:30 mark, Mitch take us through the process from of how he took Timeslips Corp from idea to success.
How did you build and run a 300-person company from your spare bedroom?
What should people know about building and creating lasting, scalable systems?
Thoughts on hiring?
Mitch offers two of his articles at www.MitchRusso.com on his blog called “Salesforce 101” and “How to Hire a Sales Superstar”
Talk to us about your new business and how you are getting to your goal of 100,000 clients?
At the 33-min mark, Mitch talks about building out certification programs with 3-5% of your client base and the amazing impact that type business model can have.
What are the steps of creating a certification program?
3 keys to proper training:
Always remember that it all comes back to your mission and the systems you build to create it.
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