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Specialize in a Single Service Trying to be everything will make you into nothing. Pick one thing and become the best at it. My company focuses on helping founders implement proven systems. Specialization is the foundation of a sellable business.
23,915 görüntüleme • 2 yıl önce •via X (Twitter)
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If you want to get rich, build a business that you can sell. Here’s the blueprint:

Build a Business That Runs Without You If your business relies on you, it's not a business—it's a job. • Document everything • Create SOPs for every task • Train a great team No one wants to buy a job; they want to buy something that makes them money.

Hire At Least Two Rockstar Salespeople. Salespeople are the cash flow engine of the business. They bring in the clients and the cash. Hire at least two top-performing salespeople who specialize in your specific service. Don't settle for mediocre talent.

Diversify Your Client Base Relying on one or two big clients is risky business. If they leave, your revenue takes a massive hit. Plus, potential buyers will see it as a red flag. Aim for a diverse portfolio of clients.

Standardize Your Services Most founders start with custom work, but this is time-consuming and inefficient. It's hard to scale and even harder to sell. Create a standardized service offering. Good services come down to good systems.

Hire the Right Broker Selling your business is like sending a child off to college. Is the business in the right hands? You need a skilled broker by your side. Look for someone with experience in your industry. A top-tier broker is worth your business’s weight in gold.

Tell the Story of Your Business Your business is more than just a money machine. It's a story. The way you tell that story can make a huge difference in how much your business sells for. The right story can make your business irresistible.

Building a sellable business is one of the ultimate entrepreneurial achievements. It's also not easy. These 8 steps are the blueprint to creating an asset that you can sell. A good business will make you money, a great business will make you (and someone else) rich.

Specialising in single service is good at the start, but down the way it’s good to add additional services which can easily generate upsell

There are figuratively a kajillion clones of this business promoting themselves on this platform. Quite ridiculous.
