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17min chapter
#756 - The Million Dollar Service Business Playbook
Tropical MBA: Entrepreneurship & Founder Lifestyle
Strategies for Scaling a Service Business
Exploring the transition from delivery-centric to sales-centric approach for scaling a service business from a quarter million to a million dollars in revenue. Discussions include the importance of Labor Efficiency Ratio (LER), viewing labor investments as Return on Invested Capital (ROIC), and focusing on sales and marketing to achieve growth and overcome challenges.
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