๐ What I learned at Acquisition.com Scaling Workshop in Las Vegas?
Last week, I spent two days with Leila and Alex Hormozi and the Acquisition.com Team in Las Vegas at their Scaling Workshop. In this article, you will learn how to grow your business by overcoming growth constraints and making it more attractive to investors by increasing value and lowering risk. ๐ Identify your business constraints ๐ข Understand basic company valuation ๐ VAM strategies โ Value vs. โ Risk ๐ ACQ - Scaling Workshop in Las Vegas If you have a business with less than $5M in revenue, this event is for you. Especially if you have hit a growth plateau, this event can help you unlock the constraints that are holding you and your company back from growing. Regardless of whether you want a business for life or to sell it, creating a business that is sellable is always a long-term win. If your business is under $1M, it's good for you to know these strategies, but at the stage you are at, you need to simply focus on growing your business without taking on too much risk... and that's okay. I mention this because another fallacy from these types of events is to actually try to scale your company too quickly. Until you have some sort of product-market fit and revenues between $3M to $5M, you should focus on growing your business. And if you have been listening to Alex Hormozi, then you would know there are only two ways to do this: get more customers or make them worth more. So, focus on this first! Ben Rodman, the Managing Director at Acquisition.com, gave the example of scaling your business is like selling a house. To make it more sellable, you need to make it more livable. In the process, sometimes you realize you don't want to sell the house and keep it after all. Either way, if you worry about making the house sellable before building it, you are not focused on building your business.