4 HONEST Questions to generate more revenue in 2024
- HOW do you plan to scale in 2024?
- HOW will you grow your revenue by 15x?
- WHAT will it take to make this work?
- WHO do you need to help you make this happen?
HOW TO GET AHEAD OF 99% OF BUSINESSES IN 2024
Start with a concept that is already working for you, such as the following:
✅ Use existing resources (so you don’t need to spend MORE money to start a new project that will take ages to get up and running)
✅ Do something that isn’t a departure from your current mission
✅ Do something that isn’t a distraction from your current strategy
✅ Do something that is more additive than it is a departure (how are you going to enhance your current business and brand?)
✅ Do something that isn’t a departure from your current mission
✅ Do something that isn’t a distraction from your current strategy
✅ Do something that is more additive than it is a departure (how are you going to enhance your current business and brand?)
In todays email, we’re providing actionable steps to help you grow in 2024
- To Start: You MUST HAVE a solid foundation.
- Double down on your strengths.
- Think in terms of magnitude rather than incremental steps towards growth.
- Things you need to do to make it work
How to Scale in 2024
To Start: You MUST HAVE a solid foundation. You need a sustainable business model in order to scale.
- You need a business that currently has a healthy profit margin. You don’t want your growth to cut into your profit.
Often people set their prices and as they grow, their profit DECREASES, because growth requires extra “stuff” (ie. support, material, locations, equipment etc…).
✅The goal is to grow your business and increase profits.
- You must be able to grow your business WITHOUT paid ads. You can use ads, but you shouldn’t HAVE to run ads in order to generate business for your company.
✅ Build relationships with people.
Know who your people are, take care of them & build community.
Build audiences, build community and THEN scale your business.
Know who your people are, take care of them & build community.
Build audiences, build community and THEN scale your business.
Take Away: The key is to be in service to others. Help others & you will succeed.
Check out these resources for a deep dive
Email, marketing, sales funnels, website, campaigns etc.. Attract Well
Building community, heart centered service + scaling professional Martha Krejci
1:1 business coaching, development and guidance Edith Ubuntu Chan
Business Inspiration and growth Hacks Leila Hormozi
Building community, heart centered service + scaling professional Martha Krejci
1:1 business coaching, development and guidance Edith Ubuntu Chan
Business Inspiration and growth Hacks Leila Hormozi
HOW TO MAKE MORE MONEY
Double down on your strengths. You’re already doing something well in your business.
Ask yourself :
“What are the top 3 things that I do really well in my business that are successful actions?”
- How can you do more of those things to make more money in 2024?
- Do more of what works and less of what doesn’t. Simple stuff done really well, repeated over and over, works.
- Don’t overcomplicate it.
HOW CAN YOU GROW YOUR BUSINESS 15X
Think in terms of magnitude rather than incremental steps towards growth.
It doesn’t help anybody to think in incremental improvements because it takes effort to maintain a company. It take even MORE effort to grow a company.
Try this: Write down everything it would take to grow your business by 15x.
What would you need?
- Resources that you don’t currently have today
- People, that don’t currently exist
- You’d outgrow your systems
Most people would say “ OH GOSH! I can’t do that. I’m not ready. I have a bunch of stuff I need to do to get to that point.” Surprise! That’s what growing a business is!
Every excuse people have for why they can’t grow a business are the exact things you need to help grow your business
➡️ Take your objections and flip them into a prescription on how to grow your business.
➡️This is what people who win, do: They look at the constraint & they turn it into an opportunity to achieve their goals.
Personal Example:
Personal Example:
Rather than asking “ How can Wylder grow another 20% in 2024?” I’m now asking, “What would it take to grow our company 2.5x in a years time?”
✅I would dedicate twice as much time to content + advertising
✅I would continue building community
✅I would pick someone who has what I want and study what they’re doing, then copy it.
➡️Most of the time, setting a higher goal works, but how you manager your emotion around that goal, your expectations and the teams + how you react when you hit or don’t hit a goal is more important than setting your goal higher or lower.
The same concept for business, can be applied to any aspect of your life.
WHAT WOULD IT TAKE to scale your business in 2024?
Things you need to do to make it work
✅Write down all the reasons you can’t do it.
✅Next, turn those reasons into tasks to do - to grow the business
✅Next step: Create an org chart with no names on it
➡️….What skills do YOU need to acquire to grow your business to this degree -or- can it be “anyone” who has this skill? (Not necessarily you)
Every objection you have to growing your business can turn into a goal to grow it.
Personal Example:
Up until last year, I had been a part of every aspect of running Wylder Space. Though we had grown, we had father to go. I couldn’t imagine how to get there because I was spread so thin.
For each solution our management team presented to help me get out of the day to day, I had an excuse as to why it wouldn’t work.
One day, our COO asked me, “ What would it take to make it work?” Begrudgingly I rattled off all the things I’d need support with to do to scale our business.
Business Constraints
✅ We need marketing and sales leadership
✅We need to find the right person to maintain quality and efficiency within our kitchen
✅We need financial resources to move our general manager into the CEO so I can focus on the vision and mission that will propel our co. forward with momentum.
✅We need to find automation to help with the stuff that keeps us bogged down in the day to day doldrums such as proposals.
✅I need an open schedule to develop a personal brand & network with other business owners, vendors, venues and planners.
This is what keeps a lot of businesses stuck. They’re constantly referencing what exists today as a reason for what cannot exist tomorrow.
- You are capable of hitting your goals
- You know how to put the organization together to hit that goal
- You have the people in place to hit that goal, and if you don’t, you need to make the necessary people changes to hit that target
ALL the business constraints you have are now your goals for 2024.
EXAMPLES OF CREATING DIFFERENT LEGS THAT SUPPORT THE MISSION, GOAL & GROWTH OF YOUR CO.
There are probably many things you sell within your business. Each leg of your business is an opportunity to build a bigger AND engaged community that you can be of service to.
www.wylderspace.com
WHO CAN HELP YOU SCALE IN 2024
Who do you need to hire to help you grow your company?
Many business owners think they need to do everything themselves, but you don’t. You DO need to assemble the teams to help facilitate the vision.
If you’re trying to grow the business in a way that you have no experience in doing so, it makes sense to hire other people to help you.
- Build out an org chart with the “who’s” that are needed to help you get where you need to go.
- Technology needs to help facilitate part of the growth or service for your customers.
That’s how big companies grow. They have the resources to do it internally, rather than grasping externally and trying to do it all themselves.
This publication is in its infancy stage.
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