#311 // 11 Ways To Derail + Stunt Your Business Compounding (Part Three) with Greg Crowe

Business compounding is amazing.

There really is no mistaking that the incremental effect of consistently closing the week, closing the month, doing the right thing, having the hard conversations, front costing, back costing, quoting on time etc etc, can land you in a really healthy spot in 15 years.

If we start at $500k revenue and budget in conservative market averages (15% organic revenue growth, a market wage, business net profit of 20%) over 15 years your business will be doing an annual revenue of $3.5m and you would have accumulated nearly $7m dollars in personal + business profit.

If we start at $1.5m revenue and budget in conservative market averages (10% organic revenue growth, a market wage, business net profit of 20%) over 15 years your business will be doing an annual revenue of $5.6m and you would have accumulated nearly $11.5m dollars in personal + business profit.

If we start at $5m revenue and budget in conservative market averages (10% organic revenue growth, a market wage, business net profit of 20%) over 15 years your business will be doing an annual revenue of $19m and you would have accumulated nearly $34m dollars in personal + business profit.

Sometimes slow + steady really does win the race.

So what do you do from here?

It’s time to embrace your trade god ordained destiny of making money, building wealth + being kind.

Get after it!

Much love, Crowe x

Summary

This episode explores the key principles of business growth, focusing on long-term strategies, avoiding common pitfalls, and building wealth through consistent effort and smart management.

Keywords

business growth, entrepreneurship, wealth building, business strategy, long-term success

Key Topics

Long-term business growth strategies The importance of delegation and systems Wealth accumulation over 15 years Pitfalls that stunt business growth Balancing site involvement and office management

Titles

The 15-Year Business Growth Blueprint: How to Build $8.4M in Wealth Avoid These 11 Pitfalls to Keep Your Business Growing

Sound Bites

"Achieving 20-35% net profit is possible" "You can grow 10% annually for 15 years" "Stay out of the weeds to grow your business"

Chapters

00:00 The Journey of Entrepreneurship 02:50 The Power of Compound Growth 06:09 The Importance of Elevation in Business 09:04 Avoiding Micromanagement 11:49 Building Effective Systems 15:13 Hiring and Retaining Talent 18:06 The Balance of Involvement in Operations

Resources

Built to Sell by John Warrillow - https://www.amazon.com/Built-Sell-Create-Business-You/dp/1591845324