7 Stages to Scale Your Business & Bank Balance
Listen into this episode where Rob outlines why, after all his experience as an entrepreneur, he believes there are 7 key stages to business. He talks about what they are and how recognising them and focusing on the right things in each stage can help you with the success of your business; from start-up to exit!
KEY TAKEAWAYS
Ideation Stage: The idea stage. There’s a big difference between a desire and an idea. This is the stage where you actually create a firm idea of what your business will be. Start-up Stage: This is where the idea turns into a niche, a product and an actual business! Chaos Stage: This is the first stage of growth and you need to focus on sales and marketing. If things aren’t breaking and creating chaos then you aren’t selling enough! Systems Stage: Now is the time to create structure, processes and consistency but ensure you still keep an eye on your levels of service whilst creating and planning your systems. Scale-Up Stage: This is when you can start to gain market share and really create momentum as you now have the systems in place to support growth. Legacy Stage: When you start to mature as a business and begin to create sustainability and succession planning. Exist Stage: This is the final stage. There are quite a few different ways you can exit the business, ideally you want this to be retirement or selling!BEST MOMENTS
“There are actually stages to grow a business and I believe there are 7”
“Depending on your business depends how quick(ly) you can set up your minimum viable product”
“If you want to scale your business…it’s absolutely vital that you have multiple streams of recurring income”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
https://donation.dec.org.uk/ukraine-humanitarian-appeal
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979
