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How Can Agency Owners Stop Working to Death?

Season 42 Episode 425 Published 5 years, 4 months ago
Description

Stephan Spencer made himself too essential in his agency, resulting in working to exhaustion. After a much-needed break, he was able to gain clarity on the best way to scale his agency. In the 1990s he founded the SEO agency Netconcepts and in 2010 it was acquired by Covario. Stephan invented an automated pay-for-performance SEO technology called GravityStream. He is co-author of "The Art of SEO", co-author of "Social eCommerce", and author of "Google Power Search." Today, he joins us to talk about how he scaled his agency to the point he could take a sabbatical. Learn how he intentionally worked himself out of a job by building a leadership team that could take over the thought leadership role.

3 Golden Nuggets
  1. Figure out what can be automated. We've talked about the importance of getting rid of the more tedious tasks to focus on what you really want to do. One way you could do that is by figuring out what can be automated or scaled with some artificial intelligence technology. For example, GPT-3 is a game-changer that you can incorporate into your product to have a real competitive edge.
  2. Don't work yourself to exhaustion. It's important to work yourself out of a job. By being indispensable, you become the biggest roadblock to the growth of the agency. Stephan wanted to be the visionary, not the integrator or the implementer, so he brought on a COO, VPs, CFO, CEO, and built his team to make sure he no longer was the company's only thought leader.
  3. Establish authority in a powerful way. You can make a huge impact and put yourself on the map if you can find a niche where you can author a book. Another thing that can make a big impact and get you your first big clients is find a big company and offer your services in exchange for testimonials and the use of their logo on your website. It communicates to other clients that you are preapproved by this larger company and more clients are sure to follow.
Sponsors and Resources

SweetProcess: Today's episode is sponsored by SweetProcess. If you're looking for a way to speed up processes in your agency, SweetProcess will provide the systemization you need to scale and grow your business. Check out sweetprocess.com/smartagency and get your productivity up.

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Avoid Becoming Indispensable and Working Yourself to Death

Jason: [00:00:00] What's up everybody? I have an amazing show coming your way. If you want to know how one agency owner built an SEO agency over $6 million and sold it. And even before that got to a point where they could actually go on a sabbatical and the agency keep running without them. Which is total freedom. And, and to come back. This is the episode for you.

So let's go ahead and get into it.

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