There is a marked difference between growth and scale, and yet why do so many confuse the two?
In this episode, Nick talks about each, and explains why a more scientific approach to scale may be beneficial in the art of entrepreneurship.
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KEY TAKEAWAYS
- Many in the growth phase become too comfortable, but it's a rollercoaster ride. Some days are successful, but it has no stabilisation.
- At the end of the growth phase, you near predictability. Predictability comes through scale, which is the nest phase in a company's life.
- When you enter the scale up phase, it's about creating cashflow so as to fuel more growth. it also creates transferrable value.
- The businesses that scale quickly are the ones that operate as a higher cadence than the rest. They go one step further than others are willing to go.
BEST MOMENTS
'They are certainly part of the same journey, but they are definitely different things'
'There is an art that comes in the world of entrepreneurship'
'You've got to see a problem, think about a solution, and take action'
'Scale up is the extension of growth'
VALUABLE RESOURCES
Scale Up with Nick Bradley: scaleup.vip/podcast
Scale Up Your Business, coaching/consulting: https://suyb.global
To download a free gift from Nick - The 5 Reasons Why Your Business
Will Never Get To 8-Figures ... How To Fix It Fast! - https://www.scaleupmastermind.com/free-guide1
Take the SUYB Predictable Growth Assessment™, to measure your current business performance
and show you where to focus next to get to where you want to be: https://scaleup.vip/PredictableGrowthAssessment
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally.
Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Work with Nick: https://highvalueexit.com
Nick’s Facebook page: https://highvalueexit.com/fb
Nick’s LinkedIn: https://highvalueexit.com/li
Nick’s Instagram: https://highvalueexit.com/ig