The AgencyHabits Podcast
Running an agency is an exercise in risk management. In this episode, hosts Peter Kang and Sei-Wook Kim break down the most significant threats that can jeopardize an agency's survival. They move beyond daily annoyances to focus on the high-impact risks that can truly put a business in danger. Using a simple risk matrix framework, Peter and Sei-Wook categorize and explore nine critical vulnerabilities, from founder burnout and partner conflict to client concentration and strategic misalignment. They provide actionable advice on how to identify, prepare for, and mitigate each risk, sharing...
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Great agencies are not built in isolation. In this episode, Peter Kang and Sei-Wook Kim explore the transformative power of community and peer learning for agency founders. The hosts share their personal journey from working in a silo to actively seeking mentorship and joining dedicated communities, revealing how these connections helped them avoid blind spots, gain crucial perspective, and accelerate their growth. Peter and Sei-Wook break down specific communities that have been instrumental to their journey, including Bureau of Digital, Society of Digital Agencies (SoDA), and Collective 54....
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Most agencies say they rely on referrals, but few treat them as a system. In this episode, Peter Kang and Sei-Wook Kim dismantle the "hope-based" approach to referrals and lay out a strategic framework for building a consistent pipeline. Drawing from the book The Referral Code, they redefine referrals as a transfer of goodwill and share actionable tactics for intentional referral generation. Peter and Sei-Wook cover how to identify the right people to ask, the critical importance of timing your ask within a "state of appreciation," and how to craft effective, open-ended questions. They also...
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In this episode, hosts Peter Kang and Sei-Wook Kim break down the six fundamental levers that drive profitability across all client engagements, whether you run fixed-fee projects, retainers, or long-term service programs. Drawing from real challenges within their own portfolio at Barrel Holdings, Peter and Sei-Wook provide a practical framework for diagnosing and fixing margin compression. They start by defining gross margin and then explore each lever in detail: from pricing and scoping to staffing, engagement design, scope management, reusable IP, and the role of automation and AI. The...
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In this episode, Peter Kang and Sei-Wook Kim dissect why agencies hit this wall and what you can do to break through. They explain how founder-centric systems that work at a smaller scale become the primary constraint to growth, leading to breakdowns in client delivery, team management, and financial visibility. The hosts share actionable solutions, from improving onboarding and implementing debrief processes to strategically hiring for your weaknesses and deepening financial rigor. They also introduce the Agency Systems Playbook, a framework of five core systems that drive a scalable agency....
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In this episode, hosts Peter Kang and Sei-Wook Kim tackle a common agency pitfall: treating marketing as a short-term, reactive effort only when leads dry up. They argue for a fundamental mindset shift, framing marketing as a long-term investment in reputation and awareness, similar to the compounding benefits of consistent exercise. Peter and Sei-Wook first outline the "basics" of agency marketing: from social posts and case studies to newsletters and events, and then dive deep into six specific, unconventional examples. They share their own experiences with a 24-hour website challenge and...
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Holding on to the wrong clients can stunt your agency's growth, drain your team's morale, and cripple your profitability. This statement holds value for agency owners who are overwhelmed by client demands, feel trapped by early, problematic clients, or are struggling to focus their service offerings for maximum impact. In this episode, Peter Kang and Sei-Wook Kim tackle the difficult but essential practice of proactively reviewing and pruning your client list. Drawing from Barrel's own journey of specialization, they provide a clear-eyed framework for evaluating which clients are worth...
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Profit on paper doesn't pay the bills. Learn the best practices for designing payment terms and invoicing cadences to create a smooth, predictable cash flow. In this episode, Peter Kang and Sei-Wook Kim tackle one of the most critical yet misunderstood aspects of running an agency: cash flow management. They break down the dangerous gap between your P&L's accrual-based profitability and the real money in your bank account, explaining why even "profitable" agencies can face insolvency. Peter and Sei-Wook share hard-earned lessons from their own journey, including how much cash reserve is...
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Is your agency a "jack-of-all-trades, master of none"? In this episode, hosts Peter Kang and Sei-Wook Kim dive deep into the transformative power of agency specialization. They break down the critical difference between internal specialization and external positioning, and reveal why narrowing your focus is the ultimate growth accelerator for agencies under $10M in revenue. Peter and Sei-Wook share Barrel Holdings' own journey from a generalist agency serving investment banks and nail salons to a specialized leader in the Shopify CPG space. They provide a clear-eyed view of the trade-offs...
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Agency profitability isn’t always what it seems. In this episode, Peter Kang and Sei-Wook Kim break down how to really evaluate your agency’s profit. The hosts also talks about why two agencies reporting the same margins can mean totally different things. They unpack the difference between EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and SDE (Seller’s Discretionary Earnings), showing how owner salaries, distributions, and “normalization” adjustments can completely change the story. Whether you’re thinking about selling your agency or just want a clearer...
info_outlineGreat agencies are not built in isolation. In this episode, Peter Kang and Sei-Wook Kim explore the transformative power of community and peer learning for agency founders. The hosts share their personal journey from working in a silo to actively seeking mentorship and joining dedicated communities, revealing how these connections helped them avoid blind spots, gain crucial perspective, and accelerate their growth.
Peter and Sei-Wook break down specific communities that have been instrumental to their journey, including Bureau of Digital, Society of Digital Agencies (SoDA), and Collective 54. They discuss the unique value of both agency-specific and cross-industry networks, and offer practical advice on how to get the most out of being a member. Crucially, they also warn against the "cargo cult" mentality of blindly copying what seems to work for others, emphasizing the importance of understanding the underlying principles and adapting ideas to your own unique context.
For any agency owner feeling stuck or curious about what’s beyond their own four walls, this episode is a compelling case for seeking out your peers.
Key Moments
1. The shift from isolation to seeking external perspective and mentorship.
2. The surprising generosity and transparency found in early one-on-one meetings with admired agency owners.
3. How structured communities like Bureau of Digital and SoDA provide exponential learning and relationship-building opportunities.
4. The value of cross-industry networks like Collective 54 for broader strategic insights.
5. Actionable ways to get the maximum value from any community you join.
6. Understanding and avoiding the dangerous "cargo cult" mentality in business.
7. The long-term benefit: building real, lasting relationships that provide support and perspective for years.
Real Talk Takeaways
1. Early in your journey, you may think you have all the answers, but seeking outside perspective is a sign of strength, not weakness.
2. Most successful agency owners are remarkably open and willing to share their knowledge if you reach out with genuine curiosity.
3. Communities accelerate learning by exposing you to dozens of perspectives and solutions to problems you're currently facing.
4. Cross-industry professional groups can provide unexpected and highly valuable insights applicable to your agency.
5. To get the most from a community, come with a curious mindset, contribute your own experiences, and focus on building real relationships.
6. Never blindly copy a tactic or model from another agency without understanding the "why" behind its success.
7. Treat new ideas as hypotheses to test in small ways within your own context, rather than mandates to implement immediately.
Timestamps
00:00 – Intro: The Power of Learning from Peers
00:28 – Our Early Days: Working in a Silo vs. Seeking Mentorship
02:48 – The Value of Joining a Community
04:00 – Spotlight: Bureau of Digital and Owner Camp
04:39 – Spotlight: Society of Digital Agencies (SoDA)
07:02 – Spotlight: Collective 54 and Cross-Industry Learning
10:23 – How to Get the Most Value from Any Community
13:19 – The Critical Lesson: Avoiding the "Cargo Cult" Mentality
17:03 – Personal Story: Falling into the Copy Trap and Learning From It
19:50 – Evolving Your Approach: Treating Peer Ideas as Hypotheses
21:03 – Final Takeaway: Growth Happens in Community
Notable Quotes
"Early on… the fact that they would, number one, respond. But also set aside time, in some cases, several hours to just sit down with us and talk to us about their business and be super transparent." — Sei-Wook Kim on the surprising generosity found when reaching out to other agency owners.
"In a room with a lot of people who throw around ideas and experiences, it's easy to jump onto things. So I think that's something to be mindful of." — Sei-Wook Kim on the danger of latching onto surface-level tactics without understanding the context.
"Oftentimes, if you're just in your own world, you're siloed and that's all you see. It's hard to have perspective." — Peter Kang on why external learning is critical for agency founders.
"I remember the team would just groan like, 'Oh God, Peter went to another one of these things.' It's gonna be more slew of ideas." — Peter Kang on his early tendency to bring back too many unfiltered ideas from peer meetings before learning to adapt them.
Links & Resources
Peter Kang on LinkedIn: https://www.linkedin.com/in/peterkang34/
Sei-Wook Kim on LinkedIn: https://www.linkedin.com/in/seiwookkim/
AgencyHabits Website: https://www.agencyhabits.com/
AgencyHabits on LinkedIn: https://www.linkedin.com/company/agencyhabits/
Barrel Holdings Website: https://www.barrel-holdings.com/
Barrel Holdings LinkedIn: https://www.linkedin.com/company/barrel-holdings/
Bureau of Digital: https://bureauofdigital.com/
Society of Digital Agencies (SoDA): https://sodaspeaks.com/
Collective 54: https://collective54.com/