Part 3 - The Hard Truth About Scaling A Business
November 6, 2024
In this episode of the Million Dollar Mastermind podcast, host Larry Weidel is joined by Rocco Coniglio. Rocco discusses the challenges he faced while starting and growing his company, Psych360 while managing a full-time job, caregiving his father with dementia, and raising his family, the importance of taking risks, and the challenges of scaling his business.
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In this episode of the Million Dollar Mastermind podcast, host Larry Weidel is joined by Rocco Coniglio. Rocco discusses the challenges he faced while starting and growing his company, Psych360 while managing a full-time job, caregiving his father with dementia, and raising his family, the importance of taking risks, and the challenges of scaling his business.
In the final part of this episode, Rocco discusses the challenges of scaling his business, including the importance of reinvesting profits back into the company rather than paying themselves. He explains how securing funding, such as SBA loans and angel investments, was crucial for growth, especially when hiring high-salary professionals ahead of revenue. Rocco also notes the complexities of managing internal operations, describing the pressure of holding things together during rapid expansion.
In this episode of the Million Dollar Mastermind podcast, host Larry Weidel is joined by Rocco Coniglio. Rocco discusses the challenges he faced while starting and growing his company, Psych360 while managing a full-time job, caregiving his father with dementia, and raising his family, the importance of taking risks, and the challenges of scaling his business.
In the final part of this episode, Rocco discusses the challenges of scaling his business, including the importance of reinvesting profits back into the company rather than paying themselves. He explains how securing funding, such as SBA loans and angel investments, was crucial for growth, especially when hiring high-salary professionals ahead of revenue. Rocco also notes the complexities of managing internal operations, describing the pressure of holding things together during rapid expansion.
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