Burning Money is for business owners and entrepreneurs who want to know what mistakes NOT to make in marketing, sales, operations, and finance. Each episode shares one mistake, plus the critical takeaways and real-world advice on how to overcome it and save yourself ten and hundreds of thousands of dollars. All in 15 minutes. This a bi-monthly show so expect two episodes per month from us all about how not make costly mistakes in your business. Each hard to reach entrepreneur we feature shares ONE mistake that resulted in a 10k loss in Revenue or cash and exact steps to avoid it. Subscribe to the only show that will save you at least S10,000 per episode!
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episode 13: Are You Hiring Too Aggressively with Thanh Pham
As entrepreneurs, we are sometimes sidetracked when we become very ambitious and we spread ourselves too thin. We take numerous projects simultaneously and we forget to focus on one major initiative. Alongside that, we hire too aggressively and before we know it, we are on the deficit. We forget that revenue doesn't scale the same way as your expenses. Listen to the experience of Thanh Pham from Asian Efficiency on the biggest mistake he made while scaling up.
In this episode:
- Thanh Pham’s background and how he tried his hands in different industries after dropping out of college and finally founding Asian Efficiency.
- The one mistake Thanh made in 2015 that in spite of being their best year, their profit was a deficit..
- The two things that Thanh could have done differently in 2015.
- How does Thanh tackle planning for big projects?
- Other tips Thanh offers especially if you are early on in the business.
- What is the cadence of Thanh’s thinking time?
Resources:
Scaling Up Framework: https://scalingup.com/
Connect with Thanh Pham:
- Website: https://www.asianefficiency.com/
- Podcast - The Productivity Show: https://www.asianefficiency.com/our-podcast/
Connect with Luis:
- Website - https://www.podcastdomination.co/
- Instagram- https://www.instagram.com/luisryandiaz/
- Facebook - https://www.facebook.com/luisryan4