Steal My 5-Year Plan To Build & Sell A $10M Business

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

🗓️ 23 October 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

You can go from 0 to $10 million and have an 8-figure exit in a period of 5 years IF you know the timeline and if you follow the plan.

Ryan has helped countless entrepreneurs go from 0 to $1M in 12 months, but after having had his own 8-figure exit he is now sharing the $10M playbook which has it's own set of rules and challenges.

With this podcast you will know exactly what you need to think about and focus on in every year and stage of your business to create your own 8-figure exit that will give you financial freedom for life.

To join us at the next CapCon visit:

http://www.Capitalism.com/CapCon

To learn more about creating your own path to $1 million sign up for our FREE 30 day mini series at:

http://www.Capitalism.com/Million

Timestamps

(0:30) - The Timeline To An 8-Figure Exit

(1:30) - Year 1 - Focusing On 1 Person And 1 Sales Channel

(3:00) - Launching 4 Products On Amazon To Build A Brand

(4:00) - Year 2 - Creating A Moat Around Your Business

(7:40) - Year 3 - How To Scale Beyond $2M

(10:20) - Financing And Inventory Strategies

(13:20) - Year 4 - Solidifying Operations To Prepare For An Exit

(15:20) - Hiring, Partnership Strategies, And The Owner Mentality

(17:00) - Year 5 - Delegating Decisions To The Team And Preparing To Sell

(20:00) - Closing Thoughts & Takeaways

Transcript

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0:00.0	You can go from zero to 10 million and have an eight figure exit in a period of five years
0:11.7	if you know the timeline and if you follow the plan. The path to get to $10 million is
0:18.2	actually fairly predictable and I've seen it happen over dozens of entrepreneurs.
0:22.9	I personally have helped hundreds of entrepreneurs go from nothing, from scratch, to $1 million,
0:29.6	and that plan is just a 12-month plan. But getting to $10 million is an equally predictable plan, but it requires a different set of rules
0:40.8	and it requires that you think about different things than just getting to $1 million.
0:45.9	I'm going to share with you the timeline to get to $10 million over five years.
0:50.9	And I'm going to share with you what you need to think about in every year from year
0:55.6	one to year five if you want to go to $10 million and have a ridiculously profitable exit.
1:02.1	If you're starting from scratch, year one is all about going from zero to at least $500,000,
1:09.6	preferably about a million dollars in revenue.
1:12.3	This is what I wrote my book 12 months to 1 million about.
1:15.3	The entire process takes 12 months.
1:18.0	And all you need to think about in that first year is getting a product and selling it.
1:23.1	The first year simply requires that you have one customer in mind, that you have one target
1:29.1	person that you want to help, and that person will buy four products from you over the
1:35.1	course of 12 months.
1:36.7	And the reason for that is because if you have four products that sell a consistent 25
1:41.4	sales per day, that's 100 sales a day.
1:44.4	And at a $30 price point, that's $3,000 a day, $90,000 a month, or about $1.1 million
1:50.5	in revenue.
1:51.9	In order to get there, within 12 months, your focus needs to be on one person and one channel.
	...

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