7 Stages to Scale Your Business & Bank Balance

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 11 March 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen into this episode where Rob outlines why, after all his experience as an entrepreneur, he believes there are 7 key stages to business. He talks about what they are and how recognising them and focusing on the right things in each stage can help you with the success of your business; from start-up to exit! KEY TAKEAWAYS Ideation Stage: The idea stage. There’s a big difference between a desire and an idea. This is the stage where you actually create a firm idea of what your business will be. Start-up Stage: This is where the idea turns into a niche, a product and an actual business! Chaos Stage: This is the first stage of growth and you need to focus on sales and marketing. If things aren’t breaking and creating chaos then you aren’t selling enough! Systems Stage: Now is the time to create structure, processes and consistency but ensure you still keep an eye on your levels of service whilst creating and planning your systems. Scale-Up Stage: This is when you can start to gain market share and really create momentum as you now have the systems in place to support growth. Legacy Stage: When you start to mature as a business and begin to create sustainability and succession planning. Exist Stage: This is the final stage. There are quite a few different ways you can exit the business, ideally you want this to be retirement or selling! BEST MOMENTS “There are actually stages to grow a business and I believe there are 7” “Depending on your business depends how quick(ly) you can set up your minimum viable product” “If you want to scale your business…it’s absolutely vital that you have multiple streams of recurring income” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://donation.dec.org.uk/ukraine-humanitarian-appeal https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	There are seven stages, a business growth curve, from idea to exit.
0:05.8	Seven ways to scale your business, to go from start up to exit, to go from zero air to
0:14.8	million air, nearly there to billion air. So there are actually stages to grow a business and
0:23.8	I believe there are seven and this comes from 15 years experience of being an entrepreneur,
0:29.3	buying companies, exiting companies, although I've bought more than I've exited,
0:34.2	and also being mentored by millionaires and billionaires. So let's get straight in.
0:39.7	I'm going to tell you what the seven stages are and then I'm going to sort of un-pick each one.
0:46.3	So stage one is the ideation stage, the idea stage. Stage two is the start up stage. Stage three is
0:55.1	the chaos stage. Stage four is the systems stage. Stage five is the scale up stage, it's
1:04.7	growth 2.0. Stage six is the legacy stage and stage seven is the exit stage. So I don't know if
1:15.8	you've ever worked for anyone else and you've thought maybe about starting or scaling your own
1:22.3	business. Well that is just a desire and that doesn't lead to anything. The desire has to turn
1:33.9	into a clear idea. So there's a big difference between desire and idea. Everyone desires to work
1:44.0	with themselves and be free and have freedom and be financially free and be your own boss.
1:50.1	Everyone freaking desires that but most people don't create a firm idea of what that business is.
2:00.3	Now I've mentored thousands of entrepreneurs and so many people say well you know I want to
2:05.5	create an online course or I want to be an entrepreneur. That is not specific or clear enough.
2:12.8	So you have to go stage zero is desire. Stage one is clear idea. Now that could be in the form of
2:24.2	a vision. So you might actually have a vision to start an e-commerce business or an information
2:30.1	business. It can also sometimes by the way start from desperation you got fired. You were made ill
2:38.0	there was COVID and there were actual things that pushed you into thinking I've got to do
2:44.4	something to start a business. This is stage one but remember desire is stage zero and if you
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