10 Ways to Scale a Business from Startup to a Huge Company, According to These TitansGrowth tips from people who've done it successfully themselves.

The Oracles

It's one thing to start a business and another to scale it. Here are ten tips for massively growing your company from leading entrepreneurs and Advisors inThe Oracleswho have done just that.

The Oracles
Grant Cardone

1. Create a sense of urgency.

You need three things to scale a business. First, hire well so you can delegate. You'll never scale if you have to handle everything yourself. Second, pick your battles. Don't spend days deciding on things like the perfect logo color — your brand will evolve anyway. Focus on acquiring more and bigger customers. You want volume and margin; so start hunting for big game, not mosquitos.

Third, create urgency. Set specific timelines for action and achievements. One of the biggest mistakes businesses make is not operating with enough urgency. You're in a marathon, but it includes many sprints. Start winning the little races and you'll create momentum!Grant Cardone、销售专家,建立了一个$750 million real estate empire, andNYTbestselling author; follow Grant onFacebook,Instagram, orYouTube

The Oracles
Melanie Perkins

2. Solve your customers’ problems.

Providing real value to your customers is powerful. Its importance cannot be overstated. Offering a solution to a real problem that people care about will make it much easier to run a business.

Canva is proof of this. Within the first month of launching in 2013, we had more than 50,000 people sign up to use the platform. Six years later, we've grown to over 15 million active monthly users across 190 countries who have created over 1 billion designs.—Melanie Perkins, co-founder and CEO ofCanva, which is valued at over a billion dollars

The Oracles
Patch Baker

3. Become a master at selling to your avatar.

Many people will tell you to hyper-focus on a niche market, like health care or real estate. I disagree. Focus on theprocess, not the industry. For example, we identified processes for products at different price points, and for one-time services versus monthly services. Figure out a system and a checklist that works. Once you have a process for one industry, you can apply it to others. Then you can scale because your team is doing the same thing repeatedly, so they become experts.

Similarly, learn to sell multiple things to the same person. Get really good at selling to a specific client "avatar"; then you can sell other relevant services to them.Patch Baker, founder and CEO ofMobius Media Solutions; former U.S. Marine, with a mission to help people leave the military today and not feel abandoned tomorrow

The Oracles
Brandon Dawson

4. Focus on operations, belief, and leadership.

First, become clear on the best way to pursue the opportunity. Then, perfect your operations with measurable, systematic processes you can replicate consistently. Understand what contributes most to your impact at a granular and macro level and maximize that in everything you do. This also requires a best-in-class team and concept or product.

Pushing yourself and others to new levels requires challenging your beliefs about how big and impactful you can be. Belief energizes you and your team to work harder and smarter. It is the catalyst to thinking, doing, and being more. Belief leads to action, which leads to results; so the higher you believe, the higher you achieve.

“秘密武器”,让你成长difficult to transfer to others; so ensure your people are aligned and committed. Your culture must embrace personal growth and transparency. Align individual team members' successes with your objectives. Teach them to break through their limiting beliefs so you can conquer your shared mission together.Brandon Dawson, serial entrepreneur and co-founder and CEO ofCardone Ventures; founder and CEO ofAudigy; host of "The B Dawson Show“播客;连接with Brandon onFacebook,Instagram, andLinkedIn

The Oracles
Josh Steinberger

5. Surround yourself with others who have done it.

Technology replaces roles we once needed to hire for and speeds up the growth process in many ways. But scaling your business in 2019 is no different fundamentally than it was 50 years ago.

我的最好的建议是围绕自己与他人who have done it. They have already been there, made mistakes, and paid the price. At first, you will need to pay to get in the room with them. But the life-long friendships and partnerships are worth every penny.—Josh Steinberger, founder and CEO ofNextGen Restoration; principal in Driven Acquisitions, a holding company that owns and operates apartment buildings in Ohio; connect with Josh onFacebook

The Oracles
Peter Hernandez

6. Create an irresistible company culture.

An amazing culture creates huge growth. Magic happens when everyone is empowered to "own" their domain. Give your team permission to experiment intentionally and celebrate innovation and collaboration. When leadership asks for coaching from the team, this 360-degree accountability builds respect and camaraderie.

Success requires physical and mental stamina, emotional intelligence, and powerful habits that are reinforced daily across the organization. Clarify why you exist as an organization, then define measurable goals to achieve that purpose. That's how you become fiercely focused. To truly realize the power of a unified vision, translate it into a shared vocabulary like a mantra, phrase, cheer, or rallying cry.Peter Hernandez, president of the Western Region at Douglas Elliman; founder and president ofTeles Properties

The Oracles
Rudy Mawer

7. Master traffic and sales.

After scaling two businesses past seven figures and helping dozens of clients scale up to nine figures, I believe it comes down to your sales pipeline and traffic. If you can create an unlimited number of potential customers and convert them with a sales funnel, you can 10x your business quickly.

Focus on your team, core product, customer experience, customer service, and internal systems. Once you have those fundamentals dialed in, level up to the more advanced tasks that add up, like reducing expenses, improving the average order value and customer lifetime value, and streamlining automation. Expand horizontally with more offers and vertically by selling more of the 80/20.Rudy Mawer, founder and CEO ofROI MachinesandRudyMawer.com; Facebook marketing and ad expert, who built a multimillion-dollar business by age 26; connect with Rudy onInstagram

The Oracles
Sharran Srivatsaa

8. Identify your focus, cadence of accountability, and process.

I grew my real estate business, Teles Properties, 10x in five years before selling it to Douglas Elliman. When I reflected afterward, I identified37 lessons I learned, including three core pillars: singularity of focus, cadence of accountability, and good process drives good results. This is now part of the foundational formula for scaling that I teach the CEOs I mentor.

Having a singular focus is transformational because it rallies you and your team around a big aspirational goal. Ruthlessly filter everything you do with that goal in mind. Cadence of accountability is about reducing that big goal into monthly, weekly, and daily activities, then tracking your progress to drive momentum. The hustle and grind will only leave you tired and resentful. Systems drive scale, which is why a good process will always drive good results.Sharran Srivatsaa, CEO ofKingston Laneand mentor to top entrepreneurs;grew Teles Properties 10x to $3.4 billion in five years; follow Sharran onInstagram

The Oracles
Craig Handley

9. Find a way for everyone to win.

Our call center business was competing with another company for the same customers. Instead of looking at them as a competitor, we saw them as a partner. Our platform lacked their tools for tracking and measuring results, but our sales performance was better. So we offered to use and pay for their platform if they helped us grow our business. Together we focused on putting the client first.

By doing what was best for the client, we performed better and gave our clients better reporting tools. As a result, both companies generated more revenue than we could have separately. We grew 6,994% and went from 100 to 1,000 agents, making number 27 on the Inc. 500 list of fastest-growing companies. Going from $3 million to almost $15 million was great for us and our new partner, but we also helped our clients see unparalleled success in the U.S. Hispanic market in the process.— Craig Handley, co-founder ofListenTrustand author of "Hired to Quit, Inspired to Stay"; read more about Handley:Why These Founders Train Their Employees to Quit

The Oracles
Keri Shull

10. Think big.

Have a vision so big that it becomes magnetic and excites your team to help you accomplish your desired results. Then continue to evolve and think even bigger. Culture is key. Create a workplace where people have fun together, support each other, and grow together, and no one will want to leave.

Hire and fire for your vision. In the beginning, I was hiring for survival. Since then, I've learned that if you hire ahead of your needs, you can outpace all of the competition. This was difficult for me to learn: you must also make hard decisions along the way. Some team members who are valuable at one point in your business won't grow enough to stay valuable as you evolve. Don't wait to let them go.—Keri Shull, founder of theKeri Shull Team, which has sold over $2 billion in properties; co-founder of real estate coaching businessHyperFast Agent; named one of America's Best Real Estate Agents by REAL Trends; connect with Keri onFacebook

Want to share your insights in a future article?Join The Oracles, a mastermind group of the world's leading entrepreneurs who share their success strategies to help others grow their businesses and build better lives. Applyhere.

For more articles like this, follow The Oracles onFacebook,Twitter, andLinkedIn

Editor's Pick

Related Topics

Leadership

Young Workers Don't Want to Become Managers — and This Study Uncovers the Reason Why.

The average person has no interest in becoming a manager anymore, and the missing middle is putting companies at risk.

Living

I Tried the Semi-Private Air Carrier That Lets You Arrive 20 Minutes Before Your Flight. Here's What It Was Like — And How to Do It Affordably.

"There's a reason people pay 10 to 100 times more to fly privately than to fly commercially. You just want to save time, right? It's not about Champagne and caviar."

Business News

Jeff Bezos Becomes His Own Neighbor, Purchases $78 Million Florida Mansion Next Door

The billionaire bought another house in the same Florida neighborhood in August.

Employee Experience & Recruiting

How to Better Accommodate Your Hybrid Workers — Here Are the Office Amenities They Really Want

Struggling to encourage your remote employees to return to the office? Discover the top tried-and-true amenities for hybrid workers.

Business News

In-Office Workers Spend (A Lot) More Money Than Remote Employees During the Workday. Here's How Much.

According to a new report, 66% of U.S. employees who returned to the office are spending an average of $51 per workday.

Business News

Facial Recognition Technology Is Streamlining Check-in Processes — and Raising Privacy Concerns

Facial recognition technology is increasingly being used in the travel industry at airports, theme parks, and cruises. However, the technology has sparked concern due to the lack of federal regulations, as well as questions about accuracy and bias.