Why $1 Million Isn't Enough - Scaling to 8-Figures as an Entrepreneur
Kelly Roach, CEO
Keynote Speaker | Entrepreneur and Founder | Business Strategist | Top Ranked Podcast Host | Best Selling Author
I often talk about moving past $1million in revenue, because at the end of the day, entrepreneurs working towards real freedom are going to need much more than 7-figures to experience true financial freedom.
Real entrepreneurial financial freedom typically comes when your annual revenue is around $10million, which means instead of taking home a couple hundred thousand per year (at the million dollar mark), the owner will take home somewhere near $1-2 million per year.
But, in the online world, everyone touts 7-figures as the ultimate arrival point.
The main goal. And while 7-figures is absolutely a massive feat, I truly believe it's time to think bigger.
The problem?
To go from 0-7 figures per year, you can basically just hustle. If you've got the drive, the commitment, and the discipline, you can totally make it happen.
However, to go from 7-8 figures a year, you are going to have to shift your strategy entirely. In fact, most never move past $2-3million per year, because they are unwilling to do this.
They are their business.
They don't want to step out of that role.
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So, they stay stuck and become the ultimate bottleneck to growth, experiencing stagnation AND zero true freedom.
Entrepreneurial freedom can only come from stepping into a true leadership role, and building a high performance team that can get the job done, WITHOUT you.
How do you do that?
Today on the podcast I am walking you through the key shifts you need to make as the CEO in order to scale from 7-8 figures per year.
We did this in 18 months, and have helped several clients do the same.
You'd be surprised to learn that it's less about tactical strategy, and more about mindset shifts and leadership.
Check the podcast out and let me know what you think!
Want to grab my book, Bigger Than You? Here's the link!
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1 年Thanks
Fighter Pilot ?? Entrepreneur | ??Host of the Shift Work Podcast
1 年Great share Kelly!
Solar Energy Mentor I Streamlining Federal Grant Approvals & Material Distribution for Commercial Solar Projects I Retired CEO Project SunRize I Pastor Church of Unity Society
1 年???? Hey Kelly, David the Shark here! ???? Your post about overcoming the low million plateau and striving for more reminds me of an experience my shark girlfriend Arabella had in the deep blue sea. ?????? Arabella was a successful entrepreneur in the underwater world, having built a thriving business selling seaweed smoothies. She reached the 7-figure mark, but she knew there was more potential for growth. ?????? She realized that settling for her current success wouldn't bring her the financial freedom she truly desired. So, Arabella decided to shift her mindset, take some calculated risks, and explore new strategies to scale her business even further. ?????? With determination and perseverance, she broke through that plateau and took her seaweed smoothie empire to new heights! ?????? Your podcast and article are valuable resources for those looking to overcome the low million plateau and achieve greater financial freedom. Keep sharing your wisdom, Kelly, and inspire others to aim higher! ?? Spread Shark Love #GabenFreUde ?????? Fun fact: Did you know that some species of sharks can learn and remember complex tasks? They're quite intelligent creatures! ????
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1 年Amazing principle