The Money Podcast
£100k to £500k The Quickest (11 Ways)
Wednesday, 15 May
From getting you out of debt to earning up to £100k in a year to eventually increasing them to £500k quickly, Rob Moore’s got special tips and strategies for any financial problems you have!
But in this episode of the Money Podcast, Rob focuses on how to grow your £100K earnings to £500k in the quickest time possible. He promises that you’ll be reaching the half million mark in just less a year when you listen in to the list that he prepared. Make sure to take note of Rob’s 11 Effective Ways to Grow from £100K to £500K.
And, if by chance you missed the first two episodes in this special series of the podcast, then make sure to listen to them after this. There are golden nuggets from them that could still apply to you if you want that financial success!
11 Effective Ways to Grow from £100K to £500K in just a year:
You’re going to need up to four staff. The first four staff you hire should cover the admin, operations, sales and marketing sides.
Working hard is great, but at some point, your growth becomes stationary. What you should do is to work smarter.
You have to let go to grow. Accept that they’re gonna be mistakes and also learn how to trust your teal so you could focus more on the vision.
Understand key result areas and income generating tasks. Focus on five key result areas which are strategy, imagination, ideation, creativity and leadership.
Find partnerships and ventures to grow your reach. You might need to invest some money and time so you could move to the next level, but it will all be worth it.
Monitor the KPIs. It’s best to track and keep records as early as when you still have low to zero earnings.
Know what your business is and what isn’t. You are a ‘marketing’ business. You can have the best service in the area, but without marketing, you won’t be able to reach the customers.
Get an office. When you’re already hit the £100 mark, it’s time to give up the leisure of working at home and start looking for an office that you could afford so you can begin working with the team and entertaining clients.
You have to move away from family and friends. It’s time to do proper recruitments, prepare an employment manual, have an HR personnel, and hire the right people who are fit for the job.
Save money. Doing an internal audit every six months is a good practice. Stop being wasteful. If you can reduce your expense every year by a considerable amount, then you won’t have to earn double or triple than what you’re required to.
Get referrals. When you’re already aiming to grow from £100 to £500k, it’s easier now to gain referrals. Look after your best clients, give them perks, and ask them to bring people to you.
“Making money isn’t the same strategies at different stages. What you need to do to get out of debt is not the same as what you need to go from £100 to £500k a year.”
“It’s not about working hard; it’s about working smart.”
“When you’re in the £100 to £500k range, the key result areas for you are the strategy, vision, ideation, creativity, leadership, and NOT accounts, bookkeeping…”
“Get over the need to be busy and think more about having good ideas and navigating your way through the industry.”
“There is nothing wrong with being a marketing company.”
The Money Podcast iTunes | Omny
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything.”
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