5 Reasons Why Successful Businesses Fail
Even the most successful business concerns hit bumps in the road, and generally tend to find that larger problems await us further down the road. Some succeed, but some fail, but why? In this episode, Nick talks you through the five main reasons why successful businesses can fail, and how you can avoid the same fate. Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes. https://highvalueexit.scoreapp.com/ KEY TAKEAWAYS As entrepreneurs and investors, the reward gained from solving a challenge is usually finding that a bigger challenge or problem awaits us on the other side. Sometimes, as we become successful, we stop thinking about the gains we make in terms of relativity. This means we feel as though we are growing significantly slower, even though the gains are still big. When it comes to strategy, we can become far too obsessed with taking action in and of itself, the implementation, that we forget about the strategy. We must never forget to help others in attaining their desired place in their own journey. If someone is not the right fit in your business, it could actually be the best thing for their growth if they break away. BEST MOMENTS 'As you start to build something bigger, the problems and challenges become bigger' 'Remember, that is what you are signing up for' 'The faster we grow, the more difficult it can become to top our previous successes' 'You've got to have strong systems and processes' VALUABLE RESOURCES Scale Up with Nick Bradley: scaleup.vip/podcast Scale Up Your Business, coaching/consulting: https://suyb.global To download a free gift from Nick - The 5 Reasons Why Your Business Will Never Get To 8-Figures ... How To Fix It Fast! - https://www.scaleupmastermind.com/free-guide1 Take the SUYB Predictable Growth Assessment™, to measure your current business performance and show you where to focus next to get to where you want to be: https://scaleup.vip/PredictableGrowthAssessment ABOUT THE HOST Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert. His background is growing and scaling Venture Capital and Private Equity backed businesses globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact. CONTACT METHODWork with Nick: https://highvalueexit.comNick’s Facebook page: https://highvalueexit.com/fbNick’s LinkedIn: https://highvalueexit.com/liNick’s Instagram: https://highvalueexit.com/igSupport the show: https://highvalueexit.com/