Mike Andes ran a company to 120 employees across 200 locations. Checking the bank account every morning worked at $0-$1M revenue, but became useless noise past $80-100 employees. Scaling to $10M requires shifting focus to real inputs and delegating instead of fixing everything yourself.
Running a company with 120+ employees in over 200 locations is chaotic. There are always problems, people issues, customer issues, things breaking every single day. What I stopped looking at is every single bank account. From $0 to $1 million in annual revenue, looking at your bank account every single morning is probably a good thing. Here's the thing. As the business grows and you look at how much cash is in the bank account, whether you have $1 million or $2 million of cash sitting in a bank account is probably not going to change what you do today. And when I first got started, it, was helpful. It pushed me. It allowed me to be able to operate based upon how much cash was in the bank. As you begin to grow, constant attention on things other than the inputs required to make the decisions you need to make is just noise. And I had to retrain my brain, especially as we crossed like 80, 90, 100 employees, 'cause that used to be a point of pride to me. It's like, I wanna know every detail. You have been the person that has taken pride and your identity has gotten wrapped up with being the fix-it person, the person that anyone can call, customer, employee, vendor, anyone. Anyone can call you and you can solve the problem because you know everything about the business. I had to strip that identity away and realize it didn't serve me going from $3 million to $10 million.
