The Biggest Mistakes Seven-Figure Business Owners Make (And How to Avoid Them) Artwork

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The Biggest Mistakes Seven-Figure Business Owners Make (And How to Avoid Them)

February 19, 2025 • Melissa Franks

In this episode, Melissa, breaks down the biggest mistakes that seven-figure business owners make—and why these missteps keep them from scaling to eight figures. If you're a business owner or working inside a business that's growing fast, this episode is a must-listen.

Melissa dives into the key phases of business maturity, explains why hitting certain revenue milestones doesn’t mean you need to hire a full executive team, and reveals the one mistake that kills profit margins faster than anything else. Plus, she tackles the danger of solving problems that don’t exist, the urge to start a second business too soon, and the common misconception about what it really means to be a CEO.

And if you’ve ever wondered whether your business model is built for longevity, Melissa walks through a simple yet powerful exercise to clarify your vision and keep you on the right path.

What You’ll Learn in This Episode:

✅ The different stages of business maturity and how to recognize where you are

✅ Why hiring too many employees (or the wrong ones) will drain your profits

✅ How business owners waste time solving problems they don’t actually have

✅ Why starting a second business too soon is a costly distraction

✅ The misconception around being a “CEO” in a small business—and what role you should actually be playing

✅ A simple exercise to define your long-term business and life vision

Resources & Links:

📌 Join the conversation on Instagram: @melissa_franks

📌 Explore Melissa’s services: www.melissafranks.com

📌 Subscribe to Melissa’s new YouTube series on current business trends!

Loved this episode? Share it with a fellow business owner and leave a review on your favorite podcast platform!

🎧 Tune in now and learn how to avoid these common pitfalls so you can scale your business with confidence.