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How to Avoid a Growth Explosion and Enjoy Agency Life Instead

How to Avoid a Growth Explosion and Enjoy Agency Life Instead

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies


How to Avoid a Growth Explosion and Enjoy Agency Life Instead

FromSmart Agency Masterclass with Jason Swenk: Podcast for Digital Marketing Agencies

ratings:
Length:
16 minutes
Released:
Jun 5, 2022
Format:
Podcast episode

Description

Do you want to scale your agency but fear growing too fast? Today’s guest was part of the exponential growth of a big-name agency and never thought he want to work in the agency business as a result. However, he took the lessons learned from that experience and grew his own agency making sure to work on what he loves and build a team around what he doesn’t. Hernan Vazquez is the co-founder of Scale Driven, a digital agency that helps clients develop high-level marketing strategies that generate revenue at scale. He was part of the success of Frank Kern's agency and its eventual failure when they grew too much, too fast. . He later took those lessons to start implementing the benefits of developing your own brand to grow your agency faster. In this episode, we’ll discuss: Why you should do what you like and hire for what you don't. Why it's normal to question owning an agency. Lesson learned from fast, exponential growth. Sponsors and Resources Wix: Today's episode is sponsored by the Wix Partner Program. Being a Wix Partner is ideal for freelancers and digital agencies that design and develop websites for their clients. Check out Wix.com/Partners to learn more and become a member of the community for free. Subscribe Apple | Spotify | iHeart Radio | Stitcher | Radio FM Hernan has been in the digital agency business for the past 14 years. Throughout his career, he always did media buying, SEO, and paid media work for a few clients. He was also the marketing director on the client side for several brands. At one point, when he was feeling burned out from all the work, Hernan sat down and wrote out the amount of time spent on each job, the revenue per hour it brought him, and the fulfillment he got from each. In the end, agency work was the most profitable and fulfilling. So he decided to go all-in and the agency went from being an afterthought to being his sole focus. Do What You Like and Build a Team Around What You Don’t Hernan has built several teams for agencies and he has always been involved in every aspect, from operations to marketing. However, those experiences have helped him realize he does not enjoy the operations portion of the business as much. If he were to start over, he would hire leaders faster. Oftentimes, agency owners are a bit cautious when it comes to starting to fill roles in the agency. This is commonly out of fear they won’t sustain the business enough to make payroll. This was certainly the case for Hernan, but now he realizes there are creative ways to compensate and motivate employees independent of revenue and cash flow. For instance, he later hired someone in charge of recruiting and developing new talent. He offered that person a percentage of revenue and they accepted. He is now building a sales team and the sales director was offered a similar deal. As he has learned, you don’t necessarily need cash flow to afford those salaries; you just need the right people who share your vision and can maintain mutual trust for building the agency. Hiring people who excel in areas where you don't allow you more time to focus on the things you truly enjoy. Being self-aware of what you like and are good at is the key to knowing what pieces you can delegate, eliminate or hire for. It's Normal to Question Owning an Agency Agency owners can get to a point where they are working on things they don’t like and feel exhausted. Many feel like prisoners to the agency they've built and this is typically when they start looking for a way out. For Hernan, he was working as Frank Kern’s main ad guy and then transitioned into the role of CMO. He ran ads for 30+ clients and also did some coaching for Frank's students. When the agency started to grow, he also had to hire media buyers and train them. However, when Frank partnered with Grant Cardone and the agency saw exponential growth, going from 30+ clients to 220+ clients in eight months was a huge adjustment. The team went from a handful of people to a staff of more than
Released:
Jun 5, 2022
Format:
Podcast episode

Titles in the series (100)

Growing an agency is very difficult, and you might feel unclear what to do next in order to grow and scale your agency. The Smart Agency Masterclass is a weekly podcast for agencies that are wanting to grow faster. We interview amazing guests from all over the world that have the experience of running successful businesses, and will provide you the insights you need. Our podcast is just over 3 years old, and have reached more than a half million listeners in 42 countries.