In this episode, host Troy engages with Marc Horner, the visionary mind behind Fair Haven Wealth Management, a success story boasting over a billion dollars in assets. Join the conversation to unlock insights on strategic growth, financial mastery, and the invaluable experience of navigating the challenges of small business development.
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Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.
And a snapshot of the final five Grow A Small Business Questions:
1. The hardest challenges in growing a small business, as described by Marc Horner, include overcoming the initial leap into entrepreneurship, maintaining work-life balance, and navigating the transition from a small team to a larger organization. Additionally, ensuring sustainable growth while retaining a strong company culture and effectively managing sales and client relationships are key challenges faced by small business owners like Marc Horner.
2. Marc Horner's favorite business book, as mentioned in the podcast, is "Grit" by Angela Duckworth. He values the concept of grit and perseverance in achieving success, emphasizing the importance of determination over intelligence or patterns.
3. Marc Horner mentioned in the podcast that he reads a lot for his professional development. Specifically, he highlighted the book "The Obstacle is the Way" by Ryan Holiday, an offshoot of Marcus Aurelius' thinking. This book, along with others in the stoic philosophy space, contributes to his continuous learning and personal growth.
4. Marc Horner emphasizes the pivotal role of effective client relationships and the continual focus on sales as indispensable tools for sustained business growth. Additionally, he highlights the importance of flexibility and freedom in decision-making to foster a thriving small business.
5. On day one of starting out in 2015, Marc Horner would likely tell himself, "Well done. You've embarked on a journey of challenges and triumphs, discovering the unknowns of entrepreneurship. Brace yourself for the ride ahead."
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Quotable quotes from our special Grow A Small Business podcast guest:
In small business, that first jump is a big deal; overcoming the fear of the unknown is the key to success – Marc Horner
Don't underestimate the value of freedom and the ability to do what you want when you want in the entrepreneurial journey – Marc Horner
Client relationships are with you, not the organization; the logo is a symbol, but personal connections drive business success – Marc Horner
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