Interviews of Agency Owner’s Who Share Their Stories of Growing, Scaling, & Selling Their Agencies.
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Digital agency coach that fuels ad agency new business and operational processes for agencies (digital, advertising, marketing, technology and PR)
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Want to Build an 8-Figure Agency?
4 days ago
If you want to grow your agency like some of the big guys but you’re not sure how to get there, you’ll want to check out this episode. Our guest has grown four (almost five!) 8-figure businesses. He shares ways to increase your profitability so you can grow and scale too.
In this episode, we’ll cover:
* 2 tips to building an 8-figure agency.
* The right way to model your growth after the big agencies.
* 2 ways to increase profitability and eliminate scope creep.
Today’s guest is on in the process of building his 5th eight-figure business. Vinnie Fisher is the authority on profitability and growth. He’s an attorney by trade but left his law career to fulfill his dreams as an entrepreneur. Currently, he is the founder and CEO of Fully Accountable, a back office accounting and HR solution for service-based businesses. Vinnie shares the two big secrets he attributes to his 8-figure success, plus how an agency can become more profitable.
2 Tips to Building an 8-Figure Agency
1. Invest in developing people.
Vinnie says through out growing five different businesses he’s come to notice that the company flourishes when he doesn’t trap himself in a primary role. He spends time nurturing his team and trusts them to take the company to the next level.
2. Understand the marketplace.
We have an innate desire to be all things to everybody. However, defining an area expertise is imperative to growing your business. When you dive deeper into a specific target market, you can really zero in and get a comprehensive understanding of it. There is often resistance to specialize because owners are afraid of trapping themselves in their business. But those who don’t specialize end up wasting time and money.
How to Model Bigger Agencies
Naturally, if you’ve got a growth mindset you want to model what the big agencies are doing. And that’s a great idea, but you have to make sure you’re looking at the right season of that business. The big agencies didn’t always start with a broad business. Look at their early years and notice how they grew.
With his law background, Vinnie compared it law practices. He says all the successful law offices have specialize in a particular type of law: Family Law, Class Actions, Mergers & Acquisitions, etc. He says general
Rated 5 out of
Loving the topic and this is helpful for anybody in marketing or thinking about starting a business.
Date published: 2014-05-02
Rated 5 out of
Great show for business owners
Love the content and the actionable advice. Keep up the good work
Date published: 2014-05-19