In the fourth part of his series on Breaking Through Business Growth, Nick discusses the platforming stage of scaling up, and how it ties into value expansion and strategic thinking.
KEY TAKEAWAYS
- You can only scale up through people, processes and systems. As a leader, your identity has to shift in order for you to be successful.
- When a business becomes a platform, it's an acquisition that acts as a starting point for other acquisitions in that sector.
- A platformed business creates value by facilitating exchanges between consumers and producers of goods and services. For this to happen there has to be a large network of users and resources.
- The fundamental requirement if you want to take your company from a business to a platform, is having a strong management team in place.
BEST MOMENTS
'It's not an easy road'
'Showing that you can do these things before your life changing exit is a positive thing'
'We're talking about taking what you have created and being able to transition that to another buyer'
'When you break through this final stage, you are becoming the platform'
VALUABLE RESOURCES
Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
https://highvalueexit.scoreapp.com/
To become a part of the first Scale-To-Sale Mastermind visit highvalueexit.com and register now
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Work with Nick: https://highvalueexit.com
Nick’s Facebook: https://highvalueexit.com/fb
Nick’s LinkedIn: https://highvalueexit.com/li
Nick’s Instagram: https://highvalueexit.com/ig
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