51 minutes | Jan 25th 2021

How I Built a Multimillion Dollar Speaking Business Part 2 - The Journey to Build a Multimillion-Dollar Company

6 Years to a Million Dollars & 6 Months to $2 MillionIn this episode, I’m going to pull back the curtain and show you a few of the key things that happened in the early years of my company. It took me six years of training and learning before I felt comfortable enough to start my own company. Then, my new team and I spent another six years building a million-dollar per year income. However, we hit our second million dollars in just six more months. This is how we did it.Here Are the Lessons Learned So You Don’t Have to Make the Same Mistakes that I Did.First, God Is in Control — If you are building a business, you will experience challenges. Each of those challenges will be a subtle push to change what you are doing. These pushes will someday make sense way down the road. (At the time they occur, though, they really suck!)Perfect Your Skill — No one wants to work for someone who just does a mediocre version of what someone else is doing. The team that joined The Leaders Institute ® early one did so because we were unique.The Secret to Success in Business Is Teaching Others Your Secret Sauce — Once I perfected my skill, I had just created a job for myself. That is until I brought Rick on. That is when I created wealth.Don’t Bring on New Team Members Until You Can Support Them — You need employees to grow your business, but if you just hire without a need, you will go bankrupt.Focus on Building Your Company Infrastructure — Your company will plateau at times based on your infrastructure. If you stall at the same income level for more than two years, you probably need to invest in a part of your company that is lacking. For example, marketing, finance, human resources, an executive team, etc.The most important lesson, though is that anyone can build a big business in America. It will not be easy, and you will get knocked down. There will be times that you will feel like you have to give up. Most people will. (I almost did.) However, that moment of truth is often the time that everything will turn around for the better if you work hard and have faith.For full show notes visit  The Journey to Build a Multimillion-Dollar Companyhttps://www.fearlesspresentations.com/the-journey-to-build-a-multimillion-dollar-company/
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