Scale Up With Nick Bradley 15 Minutes To Action - Three Ways To Grow Your Business
In this week's dynamic '15 Minutes To Action' episode, Nick reflects upon a piece of advice he received from Jay Abraham regarding three fundamental ways in which you can grow your business.
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KEY TAKEAWAYS
- The three ways to grow:
- Increase the number of customers
- Increase the transaction size
- Increasing the purchase frequency
- Far too many businesses focus on one of the three ways in order to grow. By focussing on more than one we exponentially increase our growth potential.
- There's a mathematical equation running behind all three ways. When combined they multiply upon themselves, maximising your growth.
- The simple answer is the best one. The solution staring you directly in the face is the one that will solve the most problems.
BEST MOMENTS
'It's not so much about understanding what the three things are, but implementing them'
'Of course there are different ways of activating the three things'
'If you optimise all three together it reduces the risk of something not working, and can produce exponentially greater results'
'Sometimes we look to solve problems in a complex way'
VALUABLE RESOURCES
Scale Up Your Business – scaleup.vip/podcast
Join the free Scale Up Your Business community: scaleup.vip/community
Take the Six Peaks of Value Creation Scorecard, to measure your current business performance and show you where to focus to get to where you want to be: https://scaleup.vip/sixpeaks
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
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Nick’s LinkedIn: https://highvalueexit.com/li
Nick’s Instagram: https://highvalueexit.com/ig