Scale Or Fail With Allison Maslan #MakingBank #S7E12

In this episode of the Making Bank podcast, we welcome guest Allison Maslan. Allison is the WSJ Best Selling Author of SCALE OR FAIL endorsed by Daymond John and Barbara Corcoran from Shark Tank. She has built and scaled 10 companies since the age of 19 and has featured in Success, Inc., Fortune, Fast Company and Forbes Magazines. She is also the host and producer of The Scale or Fail Show podcast, and the Women Who Own it Podcast in partnership with WBENC, the largest certifier of women owned businesses in North America. Allison is the CEO and founder of Pinnacle Global Network and has helped established business owners scale their companies and reach their dreams. Her team of established mentors are all CEOs who have built and scaled their own highly successful companies.

 

This week on the podcast, Allison gives you some amazing insights, tips, and nuggets to help you transform your business where you're at, and then improve your overall revenue. As well as improve your systems processes and give you your time and freedom back, so that you can stop feeling overwhelmed and burnt out.

 

Listen to Josh and Allison discuss scaling:

 

(3:01) Allison On Becoming An Entrepreneur

Allison grew up in a family of entrepreneurs and says that she was blessed with the spirit of entrepreneurship. Her first break as an entrepreneur would come in college when she wrote personalized poems for birthdays and anniversaries. Her dad encouraged her to do more, so she worked at a TV station. After learning all she could from her job, at the age of 25, Allison was running a full service advertising NPR firm.

 

(5:59) Initial Success & Challenges

Initially Allison had to learn how to ask for help and that’s something most entrepreneurs struggle with. People think it’s a sign of weakness, but asking for help is one of the best ways you can progress forward. Allison also struggled with always wanting to be in control of her business. Even though her business was extremely successful, she had no time for anything else and that made her feel miserable in her own success. She became so afraid of failing but she had so many people depending on her that she felt she couldn’t let them down.

 

(10:24) How To Stop Being Stressed And Overwhelmed 

As the CEO, it’s our job to make sure that the business is running whether you’re present or not. That’s why we have to learn how to hire people and have the right systems and processes put in place so that we can step back and allow our employees to take over, make decisions of their own and successfully keep the business running. In order to stop being stressed all the time, it’s important to shift from being a boss to being a leader. Delegate, instruct and empower your team to handle the business and transform it into a collaborative company where you’re able to step back and the team steps up.

(19:12) What Is Real Scaling

The word scaling isn’t used to just describe your ability to grow the company fast. Scaling really is a creative strategy. You have to figure out what is the best scalable model for you. Figure out the best strategy that is going to create the growth you need, but also make sure that the systems and processes you have in place enable you to meet that demand. Scaling is about having a strong foundation. A lot of businesses can grow quickly but end up toppling over due to the lack of foundation.

 

(22:54) Staying Sane And Being Happy

Nobody enjoys being stressed and burnt out. If you’re constantly feeling overwhelmed and stressed out, you’re doing something wrong. The best way to escape from stress and burn out is to build a team managed company that’s able to run by itself so that you can remove yourself from the day to day business activities. If you can give yourself more free time, it’ll enable you to feel more energized and allow you to focus even more on the aspects of your business that really matter.

Links mentioned:

Pinnacleglobalnetwork.com

Twitter: @AllisonMaslan

Instagram: @allisonmaslan

LinkedIn: linkedin.com/in/allisonmaslan