78. The Key To Higher Profits And Less Stress

In this episode of the Business Advisor Podcast, I dive into a topic that challenges many business owners: how big should your team be when scaling a business? I share my personal journey and explain why a small, mighty team of two can outperform larger teams. Many assume that growth requires adding more staff, but I argue that focusing on fewer, high-value clients allows you to scale deeper, not wider.I break down the roles in this two-person dynamic: as the lead advisor, you focus on delivering deep, strategic advisory work to clients, while your operations support (or "the boss of your business") manages admin, scheduling, and streamlining processes. This setup fosters agility, reduces stress, and ensures clients receive direct access to expertise without unnecessary layers of complexity.Key Takeaways:Focus on High-Value Clients: This approach allows for deeper engagement and more strategic work, leading to increased profitability without the need for a large team. "When I worked with fewer high-value clients, the business changed dramatically."  – Amanda C. Watts Streamline Operations for Efficiency: By eliminating redundant processes, you can focus on delivering value and reduce complexity, making your business leaner and more efficient. "Remove any unnecessary layers of work, approval, or admin."  – Amanda C. Watts Leverage Technology to Automate Tasks: Automation in areas like scheduling, reporting, and invoicing ensures that your small team can operate at full capacity, focusing on high-value activities rather than getting bogged down by administrative duties. "Use technology and tools to eliminate time-wasting tasks." – Amanda C. WattsHire Strategically for Maximum Impact: Hiring should be based on what truly supports your high-value model.  "Hire based on what actually supports your high-value model." – Amanda C. WattsReduce Stress with a Lean Team Structure:  With fewer people involved, decision-making becomes quicker, communication more direct, and the overall business experience less stressful, allowing for greater agility and responsiveness in the market.  "A tiny team equals more freedom, way more profit, and way more control." – Amanda C. Watts Want more? Join THE FREEDOM TRIBEHere's all the FREE BONUSES you'll receive when you join our exciting community on Skool; The Freedom Tribe Global Community Of Peers: CPAs, accountants, fractional CFOs, bookkeepers and finance professionals from all over the world sharing ideas, best practice and innovations with each other. Digital copy of Amanda's NEW BOOK, the Business Advisor Playbook: 300+ pages that will transform your approach and share the strategies you need to create, sell and deliver business advisory services. Digital copy of 500:200 Model™ Guide: My tried-and-tested formula for taking home at least 200K with business advisory revenue of 500K. 12 Days Of Business Advisory video series: that walks you through creating the perfect advisory offer. Hand Picked And Categorised episodes of the Business Advisor Podcast to accelerate your journey from a compliance-led to an advisory-led practice. PLUS: There are a few other surprise bonuses that can be UNLOCKED once you are inside the community: Get Clients Course and 5 Day LinkedIn Challenge. Super excited to see you there, and looking forward to helping you achieve all that you want in life. -Speak to you in the next episode...

There are no comments yet.

Please log in to write the first comment.