Summary
- When aiming to grow your company revenue from six to seven figures, learn from those who have already achieved this transition.
- It's important to seek guidance from people who have experience in growing a company within your specific industry.
- Consider hiring employees from competitors that are larger than your company, specifically those in marketing, sales, or corporate development roles.
- Look for candidates who have been promoted multiple times at their previous jobs, as this indicates their value to the company.
- If hiring them is not financially possible, interview them to gain insights and learn from their experiences.
- Reaching out and attempting to hire experienced individuals can provide valuable lessons and guidance for growth.
Video
How To Take Action
I would suggest implementing strategies to learn from those who have already taken a company from six to seven figures. Start by identifying key individuals who have direct experience in your industry, as their insights will be most relevant and effective for you.
A good way of doing this, even on a budget, is by reaching out to employees from larger competitors. Focus on those in marketing, sales, or corporate development roles. Specifically, target individuals who have been promoted multiple times in their careers. This usually means they brought significant value to their previous companies and have valuable knowledge to share.
If hiring these experienced individuals isn't financially possible, consider setting up informational interviews with them. This doesn't cost money but can provide priceless insights into industry best practices and growth strategies. Prepare thoughtful questions beforehand to make the most of their time and knowledge.
Attempt to glean as much wisdom and guidance as you can from these conversations. Their practical experience can highlight potential growth paths and pitfalls to avoid, helping you tailor your strategy based on proven success.
Remember, reaching out and building connections is a powerful tool, and the lessons you learn from these experienced individuals can become a cornerstone of your growth plan without the need for significant financial investment.
Full Transcript
top tips for companies who want to go from six figures to seven figures in 2024 the first thing is if you want to grow your Revenue it's about learning for people who have already done it before and what I mean by that is let's say I've grown a company from six to seven figures if someone says Neil I got this beauty company I want you to help me make it from 6 to 7 I'm the wrong person I haven't taken a beauty company from 6 to S figures but you know what there's a lot of employees who work for your competitors that are in marketing or in sales or in corp Dev that have done that exact thing so my recommendation is if you're looking to grow hire people who work for competitors that are bigger than you and when you're looking for those people make sure they got promoted multiple times cuz the chances are the company found them to be valuable if you can't afford to hire them interview them you'll learn from them as you interview these people and you reach out and you try to hire them
