Part 3 - The Toughest Challenges of Scaling a Business (Funding, Hiring & Growth)
November 6, 2024
In this episode of the Million Dollar Mastermind podcast, host Larry Weidel continues his conversation with Rocco Coniglio. Rocco dives into the toughest phase of entrepreneurship—scaling a business. He discusses the discipline required to reinvest profits, the critical role of securing funding, and the challenges of managing internal operations during rapid growth. From navigating SBA loans and angel investments to making high-stakes hiring decisions, Rocco shares invaluable lessons on leadership, financial strategy, and sustaining momentum.
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In the final part of this Million Dollar Mastermind series, Larry Weidel and Rocco Coniglio tackle the realities of scaling a business and the financial discipline required to sustain growth.
In the final part of this Million Dollar Mastermind series, Larry Weidel and Rocco Coniglio tackle the realities of scaling a business and the financial discipline required to sustain growth.
🔹 Why reinvesting profits is key to long-term success
🔹 How SBA loans and angel investors played a role in scaling Psych360
🔹 The pressure of hiring high-salary professionals ahead of revenue
🔹 The complexities of managing internal operations during rapid expansion
🔹 How SBA loans and angel investors played a role in scaling Psych360
🔹 The pressure of hiring high-salary professionals ahead of revenue
🔹 The complexities of managing internal operations during rapid expansion
Scaling a business isn’t just about growth—it’s about making smart financial decisions, securing the right talent, and staying steady under pressure. Rocco shares how he navigated these high-stakes challenges while keeping his company on track.
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