Building a business to scale in order to provide a healthy exit usually means aiming for an 8-figure concern. But in order to get there, you have to have a clear plan for how to first get to the 7 figure mark. This is a period that can prove somewhat tricky…
In this episode, Nick talks you through the ways in which you can ensure that your business reaches that 7 figure milestone, in order to ensure that life-changing exit.
KEY TAKEAWAYS
- Six figures of revenue does not necessarily equal six figures of profit. You still have to sensible in terms of what you want the business to be so that you ultimately end up with what you want.
- Momentum is important and drives the speed of your operations. But without scale, you are merely moving faster without moving forward.
- Cash flow is vital. This relies on predictability of leads, predictability of sales, and from these two factors you get the predictability of cashflow.
- Structure matters more than you might think. You should always build your company’s structure around the strategy that you want to pursue.
BEST MOMENTS
‘Building a 6 figure business is still awesome’
‘We become entrepreneurs because we don’t just want to hustle’
‘You want to be in the situation where you have a business that allows you to have an amazing life’
‘You’ve got to have the right pond with the right fish and the right bait’
VALUABLE RESOURCES
Scale Up with Nick Bradley: scaleup.vip/podcast
Scale Up Your Business, coaching/consulting: https://suyb.global
To download a free gift from Nick – The 5 Reasons Why Your Business Will Never Get To 8-Figures … How To Fix It Fast! – https://www.scaleupmastermind.com/free-guide1
Take the SUYB Predictable Growth Assessment™, to measure your current business performance and show you where to focus next to get to where you want to be: https://scaleup.vip/PredictableGrowthAssessment
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses, across the UK, the US, and further afield.
Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
His “Scale Up Your Business” podcast, which ranked #1 on iTunes’ business charts, has more than 350k downloads in over 130 countries.
His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Nick’s Facebook page: https://scaleup.vip/FB
Nick’s LinkedIn: https://scaleup.vip/LI
Nick’s Instagram: https://scaleup.vip/IG
Scale Up Your Business, coaching/consulting: https://suyb.global
We help business founders scale their business to a life-changing exit within 36 months. Please feel free to get in touch if we can assist.
