Are you ready to scale up your business?

Are You Ready to Scale Up Your Business?

Every year millions of people start new ventures.

Of those that survive, only 4% ever reach more than $1 million in revenue.

To get to these heights and beyond, your company must consistently make the right decision.

The Four Decisions? Every Business Must Get Right

The key to sustainable business #growth is mastering the Four Decisions? every business leader must make:

PEOPLE : How can you attract and keep the right #people ? How can you ensure you have the right people at the right place doing the right thing? This include the right customers, advisors, employees, vendors, ...

STRATEGY : How can you create a truly differentiated #strategy that drives sustainable growth?

EXECUTION : What #habits will your company adopt to eliminate drama, prevent employee burnout and generate 3X your industry's average profitability?

CASH: How can you maintain consistent sources of intenally generated #cash ?

These decisions are at the center of our approach to #scalingup . When teams implement our tools and techniques they often achieve these four outcomes:

1. Double the rate of #cashflow

2. Triple the industry average #profitability

3. Increase the #valuation of their firm by 10x

4. Help stakeholders - employees, customers, and shareholders - enjoy the climb

Organizations are built and run on people. Before worrying about having the best product or service, you need to make sure you have the right people for the job. When you have the right people in the right roles doing the right thing, the execution is 80-90% solved. When assessing your People decisions, the best place to start is at the top - your #executive level team.

The foundation of a successful business scaling strategy is figuring out your company’s X-Factor. This is a 10x-100x underlying competitive advantage over your competition. But this can take a bit of work before you find it. It’s usually invisible to customers, and it addresses a huge established choke point in your industry.

Your X-Factor is something your #competitor can’t do or won’t do without great effort or expense. It can take years before you develop it because if it can be done cheaply, easily, or quickly, it will provide little to no competitive advantage. However, once you find it, it can be the basis for the vision of your entire organization.

With the right people at your side and a killer strategy to dominate your market, it’s time to make sure you have a plan for execution. Of course, this is much easier said than done, especially when you’re a company trying to scale up. So how can you tell how well your company is doing?

The key question to ask yourself is whether all business processes are running without drama and driving industry-leading profitability. To answer it, use the Rockefeller Habits Checklist. This is a list of ten principles and associated habits lays out what your company needs to grow sustainably.

There are three basic disciplines contained in the habits :

• Priorities
• Data
• Meeting Rhythm

Growth sucks cash. It’s the first law of #entrepreneurial gravity. You can get by with subpar people, strategy, or execution, but you won’t last a day without cash. As you begin your growth journey, ask yourself: Do you have consistent sources of cash? Are you generating it internally? Great companies have 3-10x more cash than their competitors. Cash reserves allow companies to weather economic storms and survive the expensive experiments that go into any growth process.

Scaling a business is a complex #endeavor . To succeed you need the right tools and techniques.

Remember: Goals without routines are wishes; Routines without goals are aimless. The most successful business leaders have a clear vision and the disciplines (routines) to make it a reality. Routine is what sets you free. Keep this in mind as you begin your scaling journey.

Do you want to learn more? Are you looking to order the book? Please reach out to me as I can help you to get an amazing discount on the book, set a quick discovery call and see your needs,...