John St. Pierre of Rhombus Group on Scaling 6 Businesses to $120M, Leading 150 Team Members, Overcoming Failures in Sports Management, and Embracing Patient Ambition to Build Success in the Competitive Construction Industry. (Episode 638 - John St.Pierre)

In this episode of Grow a Small Business, host Troy Trewin interviews John St. Pierre, Chairperson of Rhombus Group, a holding company overseeing six businesses with 150 team members and $120M in revenue. John shares insights on scaling sustainably, learning from failures in sports management, and the importance of patient ambition. He discusses building a culture of intrapreneurship, managing cash flow, and aligning business growth with personal life goals. Tune in for actionable advice on overcoming challenges and creating a resilient business. 

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Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice.

And a snapshot of the final five Grow A Small Business Questions:

 

1. What do you think is the hardest thing in growing a small business?
   
   According to John St. Pierre, the hardest thing in growing a small business is managing cash flow. He emphasizes that cash flow challenges persist at every stage of business growth, regardless of size, and developing strong cash management habits is critical for success.
   
   

2. What's your favourite business book that has helped you the most?
   
   John St. Pierre’s favorite business book that has helped him the most is "Scaling Up" by Verne Harnish. He values its insights on strategic growth and implementing systems for scaling businesses effectively.
   
   

3. Are there any great podcasts or online learning resources you'd recommend to help grow a small business?
   
   John St. Pierre recommends the "All-In Podcast" as a thought-provoking resource. While not strictly professional development, it features valuable insights from venture capitalists and business leaders. He also highlights the importance of leveraging podcasts and online tools to sharpen business acumen.
   
   
   

4. What tool or resource would you recommend to grow a small business?
   
   John St. Pierre recommends Alan Miltz's Cash Flow Story as a crucial tool for growing a small business. It helps entrepreneurs understand and optimize cash flow, enabling better financial decisions and sustainable growth.
   
   

5. What advice would you give yourself on day one of starting out in business?
   
   John St. Pierre would advise himself on day one of starting out to "have patient ambition". He emphasizes growing the business at a sustainable pace and not rushing for immediate success, as building a solid foundation takes time and careful planning.

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Quotable quotes from our special Grow A Small Business podcast guest:

Sustainable growth comes from mastering patient ambition, not chasing instant results. – John St. Pierre

True leadership is creating opportunities for others to grow beyond your expectations. – John St. Pierre

A business without a clear life plan is destined to run you, not the other way around – John St. Pierre

 

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