EP # 203 - The Blind Spot Dilemma -Why Doing It All Alone Is Killing Your Business Growth

Send us a text In this episode of the Diamond Effect Podcast, Maggie Perotin dives into a critical challenge many business owners face: the limitations of trying to grow your business completely on your own.  Inspired by a conversation with a client who recently moved her beauty service business from a home-based operation to a commercial location, we explore why seeking expert help isn"t a sign of weakness—it"s a strategic advantage. What You"ll Learn: - Why the "do-it-all-yourself" mindset can become your biggest growth obstacle - The hidden costs of learning everything through trial and error - How expert guidance helps you avoid business-threatening mistakes - The 5 key benefits of building a strategic support system - Why even the most successful CEOs rely on teams of advisors Episode Highlights: [00:00:00] Introduction: The transition challenges when moving from home-based to commercial business [00:02:00] The psychological barriers to asking for help as high-achievers [00:04:00] Finding the balance: When to figure things out yourself vs. when to seek expertise [00:06:00] The high cost of hiring mistakes in service businesses [00:08:00] How successful CEOs structure their support systems [00:09:00] 5 Key Reasons Not to Go It Alone: 1. Avoiding costly mistakes that threaten business survival 2. Resolving business challenges faster with expert perspectives 3. Identifying blind spots you can"t see on your own 4. Combating entrepreneurial isolation and burnout 5. Creating accountability that accelerates growth [00:18:00] Research shows 65% higher goal achievement with proper accountability Key Statistics Mentioned: - 23% of startups fail due to not having the right team of advisors (CB Insights, 2023) - Solo founders are 2.3x more likely to fail than those with co-founders or advisors (Harvard Business Review, 2021) - 45% of entrepreneurs report high stress levels (Gallup, 2022) - People are 65% more likely to achieve goals with proper accountability (American Society of Training and Development) Resources Mentioned: Episode 162: 8 Reasons Why You Wouldn"t Want a Business Coach Connect With Me: Ready to stop doing it all alone?  Book a complimentary consultation to see how strategic support can accelerate your business growth with fewer mistakes and less stress. Book Your Free Consultation → https://calendly.com/maggie-s2l/discovery-call Share Your Thoughts! Did this episode resonate with you? What"s one area where you could benefit from expert guidance? Share your thoughts on social media and tag @maggie.perotin.s2l