£1m and Beyond!
Achieving the magic £1 million in revenue is a landmark 🏆moment in any business but what does it take to go from £1 million to over £10 million in revenue?
Over the next 9 posts I'll be highlighting the challenges that I overcame to reach an 8-figure revenue in my business with some of the "Aha-s", insights, pains and thoughts about what it took to get there.
I remember…
… the £1 million point with a degree of fondness but also with trepidation as I realised that the mountain had just got even bigger and more unknown. And the +£10 million revenue point seemed a long way off...
I now know that I wasn't alone in with those mountains ...the work that I do with my clients tells me that we all have the same challenges 🙈. The wheels 🚌 fall off the bus in all the same places!
So! The key areas I'll cover over the next 8 posts are:
Post 1: 🤑Cashflow management: You definitely want to know ahead of time, when you are going to find a cashflow crunch
Post 2:💸 Raising Money: A whole new world appears...
Post 3:😊Team: Oh my! So much to do on this front...this is where the work is
Post 4:👤 Leadership: This is a biggie! Are you prepared to change your leadership style?
Post 5: 🙃 Network: You need some new friends who get where you're at...
Post 6: ⚙ Systems & processes: 🛑STOP! It's time to get a handle on these processes folks
Post 7: 📊 Marketing & Sales: Cost of acquisition is a key data point that makes or breaks a business...do you know yours?
Post 8: 😱 Risk Management: Nobody wants to spend time on this but it is critical...especially now, you defo don't want to lose everything you've sweated blood to create
Of course, the list goes on... The key is to make sure that you have people around you who have been there before, have the t-shirt and are on hand to help...it’s critical to move through these growing pains as quickly as possible.
So watch out as we take a deep dive into what might need to change in your world beyond the £1 mill revenue point.
Does any of this resonate with you? Which particular challenges have you faced or are you facing, do share because you won't be alone!
