Mar 08 2025 12 mins
What You’ll Discover Today
Running a small business is tough, but avoiding key mistakes can make all the difference between growth and stagnation. In today’s episode, Dave Lorenzo breaks down four critical mistakes that Main Street business owners must avoid if they want to scale beyond $5 million in annual revenue.
Key Topics Discussed
✅ The Danger of Being the Business – If your company is entirely dependent on you, you’ve bought yourself a job, not built a business. Learn how to create systems and processes so your business can thrive without you.
✅ Relying on a Single Sales Channel – Putting all your eggs in one basket (like Amazon or a single platform) is a massive risk. Diversify your distribution channels to protect your revenue.
✅ Vendor Dependence – Having only one supplier for critical business components can cripple your operations. Dave shares strategies for reducing risk by spreading out your supply chain.
✅ Customer Diversity Matters – If one customer accounts for more than 10% of your revenue, you're in danger. Learn why geographic, industry, and client diversity are key to long-term success.
Links and Resources
🔹 Subscribe via Email: GetInsideBS.com
🔹 Listen on Spotify: Inside BS Show on Spotify
🔹 Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
🔹 Call Us: (305) 692-5531
Final Thoughts
Dave shares a personal reflection on the power of community and how the support of listeners made a tough day better. He reminds us that entrepreneurship isn’t always sunshine and roses, but we grow stronger by sharing our experiences.
Stay tuned for the next episode, coming live from the Cloverleaf Volleyball Tournament in Fort Lauderdale!
👉 Don’t forget to subscribe, rate, and review the show!
#InsideBS #SmallBusiness #Entrepreneurship #BusinessGrowth