Episode Details

Are the unknowns of the agency industry overwhelming? Do you sometimes feel like maybe it's time to close shop? Learn about the 4 phases of successful agency growth from an owner with over two decades of experience. Hear all his ups and downs plus learn what to expect as you scale and grow.

In this episode, we'll cover:

• 4 phases of successful agency growth.
• How to manage a growing agency.
• Deciding whether to bring on a partner or not.

Today I talked with Chris Emergui, CEO of BAM Strategy, the agency he founded in 1996. With over 20 years of agency ownership experience he's seen his agency grow, deplete and grow again. He learned a couple things along the way and shares with us some of those nuggets of knowledge as well as the 4 phases his agency went through to get to reach the success they enjoy today. Sometimes just knowing what other agency owners have gone through can provide the encouragement and support we need in this lonely entrepreneurial world.

4 Phases of a Successful Agency Journey Phase 1: The Start-Up

This is the time when you get things going. You could take this on alone or with a partner (although I don't recommend partnerships - more on that later). This phase lends itself to being more ambitious and more willing to take some risks. This can be a time of quick prosper and scaling quickly, but can also include a downturn in business and can be messy.

This is when you learn lessons.

Phase 2: Switching It Up

This could be when you and your partner part ways. When you realize you have different visions. It's a time when a business model change might take place. If you've been dealt the hardship of budgets getting slashed, this is when you anchor yourself with your client. Start servicing clients in areas that will not be affected if their marketing budget is cut.

This is when you are getting more experienced at knowing what to offer.

Phase 3: The Romantic Phase

This is the time when you have fun. You are at that 20-25 employee marker and you know them inside and out. You are experiencing growth and have a good, solid culture. You understand the impact you can have on the business.

This is the phase you would stay in if you could.

Phase 4: Continuation of Growth

A lot of agency owners think Phase 3 is ideal and want to stop growth there. But, you can't stay there forever, no matter how much you'd like to. You don't have a choice in this industry. You need to constantly go after new business and have a goal to grow. Because in this business, because you're only one client-decision away from being shattered.

Phase 4 is where you start laying your infrastructure. Bring in the people to start handling the things you might not be so good at and start empowering them for success. In Chris's case he brought in a new partner at this point.

If you hire the right people, put them in the right role and give them the right systems. Then you can start doing less and focus on growth goals.

This is the phase when you get out of the day-to-day and take on a new role of heading the ship.

How to Manage a Growing Agency

When we empower our agency employees we set them up for success. And that is really our biggest role in agency management - helping our people succeed. If they aren't coming to you for all the answers, that's a good thing. It means you are providing them with the right upfront direction so they can make decisions.

It feels good to be needed but you need to remember that being their "hero" isn't a long-term solution. You want people who can run things on their own; you don't want your agency to crumble if you get hit by a bus.

The transition from Agency Owner to CEO can be tough. And doing so can create both a freedom and a vo