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1078. Building a Scalable & Sellable Business: Essential Strategies for Entrepreneurs
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In this episode of The Kelly Roach Show, Kelly dives deep into the essential components of building a scalable and sellable business—a key priority for any entrepreneur seeking long-term success. She demystifies the common misconception that scaling is solely about customer acquisition, highlighting instead the intricate balance between scalability and sellability. Kelly shares profound insights on creating a business model that achieves both, focusing on crucial elements like strong leadership, recurring revenue, and transparent financials. This episode serves as a comprehensive guide for entrepreneurs determined to build a thriving, sustainable, and profitable venture.
Listen to the BRAND NEW Bigger Than You audiobook on Audible: https://www.audible.com/pd/Bigger-Than-You-Audiobook/B0DMR2FB2P
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Also in this episode:
Importance of recurring revenue, establishing consistent cash flow through recurring revenue is crucial to demonstrate future financial viability to potential buyers.
Maintaining a gross margin between 35% to 45% is essential for demonstrating profitability and attracting potential investors or buyers.
Clean financial records, keeping transparent and organized books is fundamental for any business aimed at being attractive to potential buyers.
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