How to Create a $100 Million Empire With 90% Less Work, Without Giving Up Your Lifestyle

Capitalism.com with Ryan Daniel Moran

Capitalism.com

Entrepreneur, Amazon, Lifestyledesign, Investing, Startup, Ryandanielmoran, Finance, Cashflow, Freedomfastlane, Lifestyle, Business, Passiveincome, Financialfreedom, Entrepreneurship

4.8 • 793 Ratings

🗓️ 18 December 2017

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Full show notes at https://freedomfastlane.com/

Scaling your business to 9 figures in value seems daunting. How can this be done without working insane hours?

Yes, scaling up by an order of magnitude may seem out of reach. But right now, you're probably closer than you think.

Getting where you are now felt difficult, but that’s because you were working so hard to get off the ground. Now that you’ve found some substantial success, you need a sound strategy with a network that suits your business’s products or services.

Going from 7-figures to 8-figures is primarily about dialing up your marketing and sales efforts. Here, you monetize the customers you currently have, increase your focus on ecommerce, and maybe pivot to other marketing channels.

Going from 80figures to 9-figures is about successful investments. And investing for exponential scaling is Ryan’s forte.

Once your company makes $10 million in yearly profits, you can look to an exit for 8-12x those profits. But what if your company is making $3 million in annual profits, with three other competitors about that size in your industry?

What if those competitors are, instead, potential allies? If you merged forces or collaborated on a joint venture, you can package your combined value in a roll-up, and add an order of magnitude in value when selling the package.

And that order of magnitude came just from making a relationship. From calling up your former competitors and seeing what you could do together, you added another zero to your exit value.

You just massively scaled your business without having to do much more work than picking up your phone and dialing a few numbers.

Now you see how reaching entrepreneurial success doesn’t have to be like climbing a long staircase to the peak of a mountain.

There are incredibly effective shortcuts that people have and continue to use to accelerate their growth. Learn more in this episode of the podcast.

Key takeaways:

Scaling from 7-8 figures in value to 9 figures is not as daunting as you think
Once you have a good product and vision, building a network accelerates growth

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Transcript

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0:00.0	Kimball said yesterday, the goal is not improbable, I'm not interested.
0:04.5	I'd rather be on the beach.
0:06.6	Damon John said, getting beyond $10 million is about who you are partnered with and who
0:12.6	are you surrounded by.
0:14.2	Roland said earlier today, it's the entrepreneur's job to be freed up to seek the next
0:19.3	breakthrough.
0:19.9	That's your job.
0:21.7	Brian said it takes just as much work to do something small than to do something great. So you
0:26.0	might as well just do something great. Big entrepreneurs focus on the big things, small entrepreneurs
0:31.3	focus on the little things.
0:37.2	You're listening to Freedom Fastlane presented by Capitalism.com.
0:41.5	This is the show about building businesses and investing the profits so that you can live life on your terms.
0:49.2	And now your host, the future owner of the Cleveland Indians, Ryan Daniel Moran.
0:59.0	Thank you. the future owner of the Cleveland Indians, Ryan Daniel Moran. How many of you are feeling pretty excited right now by something that you learn today?
1:08.0	How many of you feel like you're drinking from a fire hose?
1:13.6	I mean, we've covered a lot of ground today.
1:17.2	We have covered, we've covered building $100 million companies this morning.
1:23.4	We've talked about building eight-figure funnels.
1:27.0	We've talked about maybe legally paying no tax
1:30.9	ever again. We've talked about investing for cash flow. We have covered quite the gamut today.
1:38.4	And I also know that you've got a bunch of things that you want to do, a bunch of things that if you
1:43.9	applied it to your
	...

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