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Big Agency Growth: Take Your Agency to Over $1 Million with Rich Wilson | Ep #6

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Big Agency Growth: Take Your Agency to Over $1 Million with Rich Wilson | Ep #6

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies


UNLIMITED

Big Agency Growth: Take Your Agency to Over $1 Million with Rich Wilson | Ep #6

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

ratings:
Length:
29 minutes
Released:
Mar 25, 2014
Format:
Podcast episode

Description

How to Transition to From a Small to Big Agency Growth Rich Wilson is the CEO of Big Scary Cranium who recently transitioned from a one man shop to achieve big agency growth transforming into a million dollar agency. (With a bunch of full time employees!) I talk with Rich about some of his biggest challenges, what he's learned, and mistakes he's made along the way. Failure is forensic. If you're an entrepreneur chances are you expect success, and probably put a lot of pressure on yourself to succeed.  And like most entrepreneurs, you're terrified of failing. Rich recommends looking at failure in a different way. "Look at what went well. Look at what went wrong." For Rich, being able to moderate and handle failure is an important skill for entrepreneurs. Expect there to be disappointments. Learn from them and move on. Don't neglect your relationships. Rich works hard at maintaining his relationships, even when he's busy. While he admits that following up isn't always the easiest thing to do, he strives to do it. You never know when you'll need to call on that relationship down the road. Problem solving for happy clients. Rich believes in focusing on the client and making them the superstar. Part of that focus comes from having a total commitment to solving client problems. By understanding what your ideal customer looks like, you can develop a strategy for dealing with them. He warns against becoming a people pleaser, though. W-2 vs. contractor. When it comes to full-time hires and contractors, Rich says it's all about what kind of business you are and what kind of expectations you have. You need to set up goals - whether it's grow and bring on full time or flex in size with contractors - so that you know how to get from Point A to Point B. "As an entrepreneur, you probably specialize in one area, but you need five things to run a business." As far as who to hire, Rich warns against bring on a bunch of mini-you's. Of course you are really great, but it's having a good diversity that makes for great teams. This way you get the right people to help you figure out where you're weak. He also recommends using assessment tools to learn about potential hires and determine where they might fit in with the team. He uses Introspective Advantage to help him find people for his team. Rich on getting to the next level. "It's all about the relationship with the client." Rich calls it "land and expand," also known in the web world as incremental engagement. Build relationships with clients where you can add value, not just grind out work. He also warns against staying too comfortable in your niche. "You're good at one thing if you're small, but don't be afraid to open the scope of what you do. Otherwise someone else will swoop in." Want to Grow Your Agency and Become a Better Agency Owner? If you want to take your agency to the next level and bring in more clients to achieve the big agency growth Rick talked about, I've the best agency advice for you! You can find these tips, tricks and insights by checking out our blogs covering all your need to know topics or if videos are more your thing, visit my Youtube channel!
Released:
Mar 25, 2014
Format:
Podcast episode

Titles in the series (100)

Growing an agency is very difficult, and you might feel unclear what to do next in order to grow and scale your agency. The Smart Agency Masterclass is a weekly podcast for agencies that are wanting to grow faster. We interview amazing guests from all over the world that have the experience of running successful businesses, and will provide you the insights you need. Our podcast is just over 3 years old, and have reached more than a half million listeners in 42 countries.