Is Your Hustler Mentality Holding Your Business Back?
Can a hustler and a CEO coexist to grow a business? That is the exact topic of the video Matt reviews today. Check out what Matt has to say about it.
There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t good. In this series watch CapForge’s owner react to different advice videos. He’s an expert in all things business and has 20+ years of experience under his belt. Some of the things he reacts to might even surprise you!
Video Transcript:
Business Advice Video:
The hustler must die for the CEO to appear. You have to realize that what got you here actually is in direct conflict with what will take you there. As a hustler, somebody who’s very, very active in their business and you’re trying to scale it and ultimately escape it, get out of the way, put systems, processes, people in place. You have to realize it is in direct conflict with what has got you there.
Matt’s Review:
So, yes, this kind of makes some sense. I think it’s not that the hustler has to die, but you definitely have to evolve how you run a business as it grows. If you’re always in that take shortcuts, make exceptions, do things in a custom way mentality, and take any business that comes in the door, what happens is you never get to that next stage where you get consistency, you get flow, you get processes, you get scale. So the hustling is what gets you from zero to 100 or zero to a million dollars a year in revenue, depends on the kind of business, but you have to then back off that mindset and set yourself up in a more systematized, organized way. And a lot of people have a hard time with that. The ability to go out and hustle is not something that comes to a lot of people, but a lot of the people that it does come to, they at the same time aren’t good at sitting still and planning and organizing and drawing processes and procedures. So if you recognize that about yourself, you either need to find somebody that can take that part on for you or you need to get to the point where the business is the size where that needs to start happening and then you sell the business and start another one. So it’s more self-awareness than anything else and I think that isn’t always as easy as it sounds and sometimes you have to learn the hard way a few times before you realize what you’re good at and what you’re not good at, but I agree to the extent that you want to build a big long-term successful business, you have to slow down on the hustle side of things and step up to the CEO and manager leader side of things, or it’s just always gonna sort of plateau at a level that the hustler can get to but the CEO won’t be stopped by.