Strategy #5 for a Seven-Figure New Year
January 16th, 2009
Filed in: 7 Fig+ Strategies, CEO Mindset
Focus on scalability.
An empire business is only possible when your business prototype can be replicated over and over again. Think in terms of a product line that you already have a lot of traction with. You somehow figured out a system from idea inception to marketing it to fulfillment that works. That’s what we call sweat equity.
Now…what if you could take that system and reproduce it for other industries or other product offerings? Or what if you could package your system and have other people run the businesses in their areas?
The most common example of an established scalable business model is software. Developing software costs a tremendous amount in terms of time and manpower, but delivering a copy of that effort over and over again costs next to nothing.
When you focus on scalability, a classic CEO mindset, you remove a financial barrier that exists when you try to maintain control of everything. This strategy is your ticket to not only unlocking the revenue game and creating a 7-figure business, but also of being able to truly impact more people and the world in a much bigger way.
4 Comments
January 16th, 2009 at 6:51 pm
I totally agree with this Melanie! If you don’t have scalability then in my opinion, you don’t really have a business.
Loren Fogelman Reply:
January 17th, 2009 at 12:41 pm
Thanks for the series of posts. You are providing “rich” information. I appreciate you sharing what you know works for you.
January 18th, 2009 at 7:12 am
This is so true Melanie, as it has been proven time and time again. If a company is formed by someone who has had great success, yet no one is able to duplicate what this person has done, the business cannot grow in the same manner as one with a simple system that can be followed by others.
Marie J Walentuk’s last blog post..Get a Jump on 2009! Stop Begging! Start Manifesting
January 18th, 2009 at 1:22 pm
Totally agree – think of how you can implement and create “Big Business Infrastructure at Small Business Price”…
Great book – “What’s this India Business?”