Scale Up With Nick Bradley Entrepreneur In Focus: Murf Murphy, Author of The Aloha Money Machine
In today’s episode, Nick talks to Murf Murphy, the author of ’The Aloha Money Machine’, and a scale-up expert who’s been so successful, that he’s now achieved financial freedom.
The Aloha Money Machine is a hugely empowering study in how to create a business that can be sold even if you have no intention of selling it when you’re starting out; a nine-step formula for creating a business money-making machine.
Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
https://highvalueexit.scoreapp.com/
KEY TAKEAWAYS
- Business is the equaliser. It doesn’t matter how much money you have, or where you come from Business evens the playing field for everyone.
- The two things that kill a business are not having a solution to a real problem, and poor management of cash, and not having a good cash mentality.
- During his entrepreneurial journey, Murf learned three invaluable lessons:
- You need systems and processes in your business
- Time must be used in the best way possible
- Stabilising your income is imperative
- People don’t tend to see building a business as building an asset. They see it as a replacement job that will provide an income, and which will see them in an elevated position.
- If you want to survive in business, you have to fight and keep fighting. Your business is your legacy, and your family’s legacy. You must fight for that legacy.
- In the start-up phase, your sole intention should be to make money. But that doesn’t mean that you shouldn’t have an exit in sight. One day you will be exiting the business, but how? You need to know your exit from the start.
- Murf’s Nine Step formula for creating a business money-making machine is:
- Make money - focus on making your money make money
- Find your customers
- Craft your story
- Build the system
- Hire right - Fill your team with the right people
- Network
- Manage the system
- Highest and best use of time
- Financial freedom
BEST MOMENTS
‘If you’re the biggest person in the room, then you’re in the wrong room’
‘You can learn a lot from failures’
‘If he could do it with the same blood, then I could do it’
’The customers are the people who write the cheques’
‘If you want to survive, then you have to fight that shark’
‘Money gives you choices’
‘Gold can be found in your database’
VALUABLE RESOURCES/
Aloha Money Machine - https://www.alohamoneymachine.com
The Aloha Money Machine on Amazon - https://www.amazon.com/Aloha-Money-Machine-Creating-Money-Making/dp/194748088X
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
Nick’s Facebook page: https://scaleup.vip/FB
Nick’s LinkedIn: https://scaleup.vip/LI
Nick's Instagram: https://scaleup.vip/IG
Scale Up Your Business, coaching/consulting: https://suyb.global