Show Notes
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 common pitfalls that can derail business growth and personal wealth, emphasizing the importance of patience, strategic decision-making, and avoiding greed. Learn how to stay on track with practical insights and real-world examples.
Keywords
business growth, wealth building, business mistakes, strategic planning, patience, avoiding greed, business quotes, entrepreneurship, business tips, financial success
Key Topics
The importance of patience and compound growth Common mistakes that derail business progress The dangers of greed and rushing success
Takeaways
Slow and steady wins the race in business and wealth building. Avoid getting greedy too soon to prevent financial setbacks. One bad project or decision can significantly derail growth.
Titles
11 Ways to Derail Your Business Growth and Wealth The Power of Patience in Business: Avoiding Common Pitfalls
Sound Bites
"Slow and steady wins the race." "Your time might not be right now." "Don't get too greedy too soon."
Chapters
00:00 Introduction to Business Compounding Challenges 03:10 The Power of Slow and Steady Growth 05:59 Identifying Major Constraints in Business 09:14 Avoiding Greed in Business Decisions 12:01 The Impact of Misquoting Projects 21:08 Making Wise Business Decisions
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