You'll NEVER Scale Unless You Figure This Out: The 3 P's of Business Growth
Are you an entrepreneur feeling stuck, exhausted, or burned out? You're not alone. Many business owners experience these challenges, especially when trying to scale their operations. But what if there was a way to grow your business while actually reducing your workload? Enter the 3 P's of business growth: Processes, People, and Productization.
The Entrepreneur's Dilemma
As entrepreneurs, we're constantly pushing ourselves to achieve more. We want to grow our businesses, increase revenue, and boost our income. But this drive can often lead to burnout and frustration. You might find yourself saying:
Sound familiar? I've been there too. In 2018, I hit a wall. I was working 70-hour weeks, grinding my face off, and feeling like I was on a never-ending treadmill. I was maxed out, with no capacity to take on more without feeling like I was going to collapse.
The Key to Scaling: Strategically Replacing Yourself
The secret to breaking through this barrier and achieving true business growth lies in learning how to strategically replace yourself. This is where the 3 P's come into play.
1. Processes
Implementing effective processes is crucial for reducing the time required to achieve outcomes. Whether you're a solopreneur or running an 8-figure business, good processes can significantly boost your efficiency.
For example, when I started creating content for multiple platforms, developing a streamlined process cut my production time by 4-5 times. This freed up capacity for other important tasks like writing copy, conducting sales calls, or even taking time to relax and recharge.
2. People
Once you have solid processes in place, the next step is finding the right people to manage them. The formula is simple:
Right people + right process = increased capacity
I experienced this firsthand with my first business, Traffic and Funnels. Six months in, we were already at a 7-figure run rate, but I was capped out managing the marketing and ads. By bringing in the right person to handle these processes, I cut my time from 20 hours a week to just 2-3 hours.
3. Productization
Productization involves turning manual, time-consuming tasks into products that can be utilized without your direct involvement. This might require adjusting your business model, but the payoff can be substantial.
In one of my businesses, we transitioned from a fully done-for-you model to a done-with-you (productized) approach. The result? Our revenue skyrocketed. We packaged our expertise into a product, allowing clients to benefit from our knowledge without requiring our constant involvement.
The Power of the 3 P's: Creating Capacity
The beauty of the 3 P's is that they give you back something invaluable: capacity. This includes:
By leveraging these three elements, you can achieve more with less energy, effort, and time. This is the key to sustainable business growth.
Getting Started with the 3 P's
If you're feeling overwhelmed and unsure where to start, here are some questions to consider:
Remember, implementing the 3 P's is not just about growing your business – it's about good stewardship. It's about doing well with what you have and creating a sustainable model for long-term success.
Are you ready to take your business to the next level? Start exploring how the 3 P's can transform your entrepreneurial journey today.
Want to learn more about scaling your business and implementing effective strategies? Subscribe to our newsletter at Chrisaevans.com/newsletter for regular insights and tips from experienced entrepreneurs.
Strategic Growth Partner | B2B Revenue Scaling Expert | Former Managing Director at U.S. Chamber of Commerce | Helping MSPs and B2B Services Scale to $30M+
3moF*ck that treadmill feeling, honestly.
AI Strategies to Grow Your Business | Featured in Forbes & MSN
3moProblem-solving skills will really shine here! 💪
I help coaches build a LinkedIn Client Acquisition System—Done For You. Ask me how!
3moLove this. Productizing tasks can massively boost efficiency and revenue.
Founder @ Postwise. Helped Justin Bieber win on social. Now building AI for LinkedIn (create a week's content in 10 mins)
3moI’ve been on that treadmill. Cutting back and handing off was the game-changer.