Top 3 Lessons I Learned from Growing a $100K+ Business

Top 3 Lessons I Learned from Growing a $100K+ Business

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by Alan Jackson — 7 months ago in Business Ideas 2 min. read
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Most startups and companies fail. This sad reality is horrifying, intimidating, and often intercepts entrepreneurs from taking a chance.

I once read an article on this subject years before I took the plunge. It’s no longer online. If this reaches just one entrepreneur and helps them take the journey, my work here is done. Here are three lessons I learned growing my agency to $100k+ MRR.

Top 3 Lessons I Learned from Growing a $100K+ Business

Process ー delegate ー scale

Whether you’re developing a tech startup or trying to grow your business and agency, this factor holds constant:

It’s your baby. It’s your new project, your passion (hopefully), and your dreams.
This is both positive and negative.

Positive because “It’s hard to do a really good job on anything you don’t think about in the shower
Paul Graham

Negative since the longer time you burn off in daily operations means less time for expansion.

Your aim when constructing a service that may scale should not be reacting to customer emails, conducting the whole daily procedure, deliverables, and much more.

Why? This is impractical growth. All things being equal; interaction, representative, and scale.

As you run tasks with your initial not many customers, archive everything. Put together it into classifications and settled reports. Each cycle ought to be finished with agendas, steps, recordings, and notes to where any fresh recruit will produce the equivalent, repeatable result.

Without a process-driven mindset, you can’t effectively delegate and scale.
Also read: Best 10 Semrush Alternative for 2021 (Free & Paid)

Hire faster

The very first months of service life are a profit-driven fantasy.

You just have a few customers, and you’re strapped for time and patience, however, your overhead is all but nonexistent.

Beyond fundamental expenses on applications, your time, and fundamental freelancer outsourcing, profit margins are sky-high.

That is a clear sign you want to employ quicker. Early gains are a siren song calling from the space, distracting you from the treasure marked kilometers beforehand.

I waited too long to hire great people, and it considerably hampered scalability.

The second I hired more staff members was that the turning stage in our expansion. I had more time for revenue , advertising, and really growing the company, not working it.

Lay the groundwork. Refine it. Then put fuel on the fire.
Also read: 2021’s Top 10 Business Process Management Software

Proactive selling

One source of sales for agencies is referrals. They’re great, but they’re far from reliable.

You can’t bank on them, literally. Proactive selling is a must to scale your agency. “Complacency is the enemy of progress.
Dave Stutman

Build a network on socials. Twitter, LinkedIn, Facebook Groups, Slack Groups. Simply Google search operators like [industry] Slack groups or [industry] Facebook Groups.

Email target accounts offering free value to get your foot in the door and build trust.

Relying on referrals is passive. Passiveness breeds stagnation.
Once the ship is sailing smoothly, it’s your job to drive more sales and create sustainable growth that isn’t reliant on others.

Alan Jackson

Alan is content editor manager of The Next Tech. He loves to share his technology knowledge with write blog and article. Besides this, He is fond of reading books, writing short stories, EDM music and football lover.

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