Why That Worked – Presented by StoryBrand.ai

#176: Ryan Deiss—How to Scale Your Business and Sell It for Millions

10 snips
May 27, 2024
Ryan Deiss, expert in scaling businesses, shares tips on making businesses appealing to buyers. Discussion on acquisition strategies and partnering with investors for growth and profit. Insights on transitioning to system-driven processes for business value enhancement.
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ADVICE

Buy Existing Businesses

  • Consider buying an existing business instead of starting from scratch.
  • Look for businesses with 4-8X multiples on EBITDA for potential acquisition.
INSIGHT

Acquire, Don't Start

  • Starting a business is difficult; buying an existing one can be easier.
  • Seek businesses that have reached initial traction but need help scaling further.
ADVICE

Validate and Serve

  • Sell and successfully serve at least ten customers to validate your product or service.
  • Strive for a high Net Promoter Score (NPS) above nine, indicating strong customer satisfaction and referral potential.
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