Nick presents the second part of a continuing mini series in which he breaks down one of the most crucial concepts you have to understand when building a successful business – breaking through business growth.
In this second edition, Nick talks about the scale up phase following a business’s creation, where you should aim when it comes to goal setting, and the difference between scaling and growing.
KEY TAKEAWAYS
- Because of the rapidly changing pace of the world around us, we need to be more agile when it comes to finding ways to scale. Technological advances such as AI are disruptive tools that can aid us.
- Once you hit eight figures and have a reasonable level of profitability, you become very attractive to private equity firms.
- The key differentiator between growing and scaling – is the growth predictable, is it repeatable, and is it potentially sustainable?
- To qualify as a scale-up, you must conform to the following criteria: annual growth, turnover generating between £1m and £3m, and must have raised a million in capital to scale.
BEST MOMENTS
‘If you want to build something valuable, don’t stick around too long’
‘There are things that change, evolve, as the world evolves’
‘My advice to you is to have a target of an eight figure threshold to punch through’
‘If you have something that can repeat again and again, that’s where you drive the highest levels of value’
VALUABLE RESOURCES
Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
https://highvalueexit.scoreapp.com/
To become a part of the first Scale-To-Sale Mastermind visit highvalueexit.com and register now
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 globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
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
Work with Nick: https://highvalueexit.com
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Nick’s Instagram: https://highvalueexit.com/ig
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