Learn from Ryan Pineda as he shares key strategies for creating, building, and scaling a successful business in 2024. From defining your product to mastering sales and operations, gain valuable tips for building and scaling your business!
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Ryan Pineda, who has successfully built multiple 7-8 figure companies in recent years, generously shares his insights on creating, building, and scaling a business in 2024. Here are the five main steps he outlines:
Offer: Begin by defining your product or service. Evaluate its scalability, potential opportunities, and profitability. Consider if you are genuinely passionate about your business or if your purpose is compelling enough to sustain your commitment.
Marketing: Awareness is key. No matter how exceptional your product is, if people are unaware of it, they won't buy it. Identify your ideal customer and tailor your marketing strategies accordingly. Ryan provides valuable marketing insights applicable to businesses at all stages.
Sales: Selling your product effectively is crucial. Ryan draws on his own experiences as a business owner to share sales structures and strategies. Emphasizing the value of a lifetime customer, he highlights the potential for repeat business from satisfied customers.
Operations: Once you've acquired customers, focus on fulfilling your product or service efficiently. Scaling your business involves hiring employees and building a positive company culture. Operations can be a challenging step for many business owners, so pay attention to avoid common pitfalls.
Finance: Assess the financial health of your business. Track key metrics, with Ryan emphasizing cash flow as a critical indicator. Having a profitable business on paper doesn't guarantee success if there's insufficient cash to cover expenses. Cash flow, according to Ryan, is the top metric to track, ensuring the business remains financially robust and well-positioned for success.
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
