Business On Purpose Podcast
Business On Purpose Podcast
#48: The Law of the Lid, with Eric Nehring
In this episode of the Business On Purpose podcast, host Barry interviews Eric Nehring, founder and principal of Minnesota School of Music. Eric shares his journey from a solopreneur to managing a thriving music school that now serves around 400 families in the Twin Cities area.
Eric discusses the significant challenges and milestones of his entrepreneurial journey, including his initial leap into starting the business with no money and minimal business knowledge. His story is a testament to the power of dedication and passion for one's craft.
As the conversation unfolds, Barry coaches Eric on various aspects of business growth and leadership. They delve deep into John Maxwell's "Law of the Lid," exploring how a leader's capabilities directly influence their organization's potential. Eric reflects on the need to equip his team to ensure the business is not overly dependent on him, aiming to enhance both operational efficiency and personal work-life balance.
This episode is packed with insights on effectively scaling a business, implementing tiered pricing strategies, and the importance of aligning business practices with personal and professional goals. Join Barry and Eric for a deep dive into overcoming the limitations of leadership and strategically pushing the boundaries to realize the full potential of both leader and team.
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