The 3 Phases to Building a Business (Empire Builders Proprietary Framework)
Nick takes a deep dive into the proprietary framework he has developed that effectively supports the phases of building a business along with the key components required to build an expert business.
Nicks extensive expertise and experience means he has been able to refine the framework, creating detailed phases that as a business mean the best chance of success with the least amount of risk
If you are an expert and your business is built on that expertise then this is highly relevant for you.
KEY TAKEAWAYS
There are 3 phases to building a business;
Phase 1, getting to your first 50k - it’s what it takes to have a consistent income and secure your first customers. Phase 2, getting to 6 figures - this is about having the strategies and tactics to grow to the 6 figure level with multiple products. Phase 3, getting to 7 figures – effective scalability with the creation of an effective team and the right systems and processes to accelerate your business. In the first phase establishing yourself as a specialist is the quickest way to grow your profile. Networking is the quickest and simplest way to get your message out there and build your contacts. When you move to 7 figures you will need to use a mass marketing approach. In phase 1 have one product or service, it’s easier to sell and will get you started fast. In phase 2, have an entry-level product along with a mid-price program and then a premium program. A strategy is doing the right thing at the right time. Which strategy should you implement right now? People often lack a connection between their vision and their day to day activities You should have a vision but plan one month at a time in phase one, as you move to phase 2 and 3 you will need to plan further in advance. It’s about using the appropriate strategy for the phase of growth you are in
BEST MOMENTS
‘People often start with the 7 figure strategies or they don’t change the strategy as they begin to scale’
‘How can you make a good day a ten out of ten and a bad day an eight out of ten?’
‘The perception is that a specialist is more likely to get a result’
VALUABLE RESOURCES
www.expertempires.com/framework
ABOUT THE HOST
Nick James
Nick dropped out of university at the age of 21 and failed spectacularly with his first coaching business, which forced him to take a £16k/yr telesales job.
Within 12 months he was the top performer and left to start his second business at 24. This time he discovered a winning formula and before long had a multi-six-figure company.
He then made a huge mistake which nearly put him out of business and cost him £50,000 in personal cash!
Fortunately, Nick kept it afloat, turned it around, and sold that business 2 years later in a seven-figure deal.
He then co-founded a multi-million-pound marketing company, which he exited in 2015, and created Expert Empires.
Today, Expert Empires is known as the UK's number one business event for Experts, with world-renowned celebrity speakers like Gary Vaynerchuk, Grant Cardone, Chalene Johnson, David Goggins, and Lewis Howes gracing the stage.
Nick also specialises in helping Coaches, Consultants, Speakers, Trainers, and Authors take their businesses from zero to six figures and beyond through his Expert Empires Mastermind programme.
