15 Mins To Action: How to Break Through Your Business Plateau
There are few scarier words in business than “plateau” which is generally associated with a lack of momentum and slow stagnation of progress.
In this week’s 15 Minutes To Action, Nick provides a short, sharp shock of advice that can make sure that line keeps moving upwards!
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KEY TAKEAWAYS
Stagnation and plateauing are not signals that your business is in trouble. They’re completely normal. They generally mean that you need to reinvigorate, which is always a good idea. Take another look at the people you’re bringing in to your business. Make sure your hires are technically and emotionally Focus on what your strengths have been, and how they’ve gotten you to where you are now. Look at what gave you your ignition in the first place, and see if that proposition needs tuning. Look for adjacent markets. Your plateau may have been caused by the fact that you’ve solved your customers’ needs so well, that the problem no longer exists in that specific market. Begin to investigate other markets that may have issues you can address.
BEST MOMENTS
‘I like things to be working like clockwork - like a precision instrument’
‘Pit-stopping allows race cars to recalibrate'
’To get to where you’ve got to, your company has strength’
’This is the best way to start pushing boundaries and getting things working'
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
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
