How Do You Build a $100M Startup in 3 Years?
Ever dream about building a high-level revenue business? In this video, I share why you need to find a major problem to solve and build a scalable, repeatable marketing system to drive growth.
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+ Twitter (what I'm reading): http://twitter.com/danmartell
How do you build a $100M revenue business in 3 years?
That was the question my coaching client Larry asked me with a straight face.
Now, before you dismiss his question, you need to know that he just exited his previous startup a few months earlier.
So I knew he had the chops.
What a great question I thought ...
... so I took some time to really reflect on all the things I’ve learned in scaling my own software companies… as well as the common traits and characteristics of other companies that had done it.
Discovered some pretty unexpected things along the way.
If you’ve ever been crazy enough to secretly (or not so secretly) ask how to grow to 9 figures in 3 short years…
You’ll want to take a few short minutes to give this a watch
It essentially comes down to 5 elements that NEED to be in place for you to achieve rapid growth and scale at breakneck speed.
Now back to Larry.
While his goal was far from delusional…
His path to getting there was a little off.
One of the initial constraints was that he wanted to do it “without raising money”... but I quickly explained that that wouldn’t be possible, or would be nearly impossible.
We also talked about the product, the business model and the way it would need to be sold to ensure it could grow fast enough within its market.
We then talked about certain aspects of the team, and the way he’d need to build it to ensure he could free up his time at each turn to focus on the next level of challenges.
All in all, the major outcome he was trying to achieve was something that eventually could be sold, and even though I don’t subscribe to the build & flip mentality to startups, I did share how to structure the business so that it could work.
Now I know most people don’t have the aspirations, or need to build a big company like this, but I still think it’s worth understanding the mechanics.
So be sure to watch the video, and leave a comment with your biggest takeaway below... which aspect surprised you the most?
Let me know and I’ll see you next Monday!
Dan “no crazy questions” Martell
Don't forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/igjiQ_KszU8
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ABOUT DAN MARTELL
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“You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than $3 million in venture funding and exited not one... not two... but three tech businesses: Clarity.fm, Spheric and Flowtown.
You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force.
An activator, a tech geek, an adrenaline seeker and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives - but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away.
Get free training videos, invites to private events, and cutting edge business strategies:
http://www.danmartell.com/newsletter
Видео How Do You Build a $100M Startup in 3 Years? канала Dan Martell
Are you an entrepreneur? Get free weekly video training, invites to exclusive events and community contests: http://www.danmartell.com/newsletter
+ Instagram (behind the scenes): http://instagram.com/danmartell
+ Facebook (live trainings + Q&A): http://FB.com/DanMartell
+ Twitter (what I'm reading): http://twitter.com/danmartell
How do you build a $100M revenue business in 3 years?
That was the question my coaching client Larry asked me with a straight face.
Now, before you dismiss his question, you need to know that he just exited his previous startup a few months earlier.
So I knew he had the chops.
What a great question I thought ...
... so I took some time to really reflect on all the things I’ve learned in scaling my own software companies… as well as the common traits and characteristics of other companies that had done it.
Discovered some pretty unexpected things along the way.
If you’ve ever been crazy enough to secretly (or not so secretly) ask how to grow to 9 figures in 3 short years…
You’ll want to take a few short minutes to give this a watch
It essentially comes down to 5 elements that NEED to be in place for you to achieve rapid growth and scale at breakneck speed.
Now back to Larry.
While his goal was far from delusional…
His path to getting there was a little off.
One of the initial constraints was that he wanted to do it “without raising money”... but I quickly explained that that wouldn’t be possible, or would be nearly impossible.
We also talked about the product, the business model and the way it would need to be sold to ensure it could grow fast enough within its market.
We then talked about certain aspects of the team, and the way he’d need to build it to ensure he could free up his time at each turn to focus on the next level of challenges.
All in all, the major outcome he was trying to achieve was something that eventually could be sold, and even though I don’t subscribe to the build & flip mentality to startups, I did share how to structure the business so that it could work.
Now I know most people don’t have the aspirations, or need to build a big company like this, but I still think it’s worth understanding the mechanics.
So be sure to watch the video, and leave a comment with your biggest takeaway below... which aspect surprised you the most?
Let me know and I’ll see you next Monday!
Dan “no crazy questions” Martell
Don't forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/igjiQ_KszU8
=====================
ABOUT DAN MARTELL
=====================
“You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than $3 million in venture funding and exited not one... not two... but three tech businesses: Clarity.fm, Spheric and Flowtown.
You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force.
An activator, a tech geek, an adrenaline seeker and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives - but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away.
Get free training videos, invites to private events, and cutting edge business strategies:
http://www.danmartell.com/newsletter
Видео How Do You Build a $100M Startup in 3 Years? канала Dan Martell
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