Would you like to know how to define what the next level is in your business? In this episode, Adam Strong is joined by Scott Ritzheimer, a master at defining the next level in business. Scott shares his experience of starting and scaling a multimillion-dollar business before the age of 35. He discusses the challenges faced during the growth stages and the importance of building a strong leadership team. The conversation focuses on identifying key questions and areas of focus for business owners, such as legacy, leadership, and decision-making. 

The episode concludes with a discussion on milestones in the business journey. In this conversation, Scott Ritzheimer discusses the different stages of a founder's journey and the challenges they face. He emphasises the importance of building an executive team and hiring a second-in-command to share the leadership burden. Scott identifies the founder's stage as a reluctant manager and highlights the need for alignment with this stage. 

[Final Week] Join Our £5.8K-£25K/yr Mastermind at ZERO Cost! (Exclusive to 3 Visionaries Only!)Join our waitlist here for early access to our next cohort: https://bit.ly/business-mastermind-waitlistTakeaways

Building a strong leadership team is crucial for scaling a business.

Recognising the challenges of growth and understanding the different stages of the business lifecycle can help navigate the journey.

Legacy and vision play a significant role in shaping the future of a company.

Effective decision-making and focusing on key areas of the business are essential for success. Building an executive team and hiring a second-in-command can help founders share the leadership burden and drive growth.

Letting go of certain aspects of the business can create space for future success.

Chapters00:00 Introduction and Excitement for the Show01:21 Introducing Scott Ritzheimer and the Next Level09:14 Discovering the Business Lifecycle Stages12:04 Transforming the Business and Building a Leadership Team14:02 Recognising the Challenges of Growth19:33 Identifying Key Questions and Focus Areas23:09 Focusing on Legacy and Leadership24:36 Making Decisions for the Future26:01 Vision for the Future of the Company27:11 Milestones in the Business Journey27:38 Building an Executive Team28:14 Founder's Stage: Reluctant Manager29:07 Alignment with Stage Three30:25 The Importance of Focusing on the Right Things32:11 Separating Defence from Offence33:16 The Myth of Carrying the Whole Business34:29 Bringing in a Second-in-Command36:01 Choosing the Right Operator37:04 The Temptation of Hiring a Business Partner38:32 The Challenge of Diversified Approach41:35 The Power of Visionary-Operator Combination44:17 Letting Go to Create Space for Success47:56 The Hardest Decisions: People and Letting Go50:57 Scott's Current Work and The Founder's Evolution

🙏 How To Support The Business Strategist 🎙️

Subscribe, listen and leave a review on 👉 Apple, Spotify

Help us to make a bigger impact by buying me a cup of tea 👉 https://www.buymeacoffee.com/thebusinessstrategist

Tag us and share the show with your network

ABOUT THE GUESTLinkedIn: https://www.linkedin.com/in/scottritzheimer/Instagram: https://www.instagram.com/scottritzheimer/YouTube: https://www.youtube.com/@Scale_ArchitectsFacebook: https://www.fb.com/scott.ritzheimer.officialTwitter: https://www.twitter.com/scottritzheimerFree digital copy of my book https://www.scalearchitects.com/founders

ABOUT THE HOSTLinkedIn: https://www.linkedin.com/in/adamistrongHave you got a plan for scale in 2024? If not, take the business growth quiz here: https://howtogrowabusiness.scoreapp.comGet early access to the game changers inner circle business mastermind go to https://bit.ly/business-mastermind-waitlist for more infoLearn more about your ad choices. Visit megaphone.fm/adchoices