In this podcast episode, Jason Balara interviews Simon Severino, a sales and business strategy coach. Simon discusses scaling businesses sustainably, entering new markets, achieving $35K in monthly recurring revenue, documenting processes, delegation, revenue strategies in tough markets, long-term planning, and maintaining an entrepreneurial mindset.

Key Takeaways:

1. Understanding and Entering Markets:

- Quickly validate business hypotheses through small launchesAchieving $35K monthly revenue signals readiness for scalingDocumenting Processes:

2.Document processes to delegate and create an independent businessDelegation and Task Prioritization:

-Identify tasks to delegate first for efficiency and growth

3. Follow the three-to-one rule for delegation decisionsRevenue Strategies in Challenging Markets:

-Innovate with new asset classes or recurring revenue streams

4.Utilize bear markets to build additional revenue streamsLong-Term Planning and Innovation:

-Use downturns to create intellectual property and passive income

5.Prepare for future market upswings during slow periodsEntrepreneurial Mindset:

- Embrace the entrepreneurial journey with a relentless drive- Utilize resources like books and blueprints for business success.

Get in touch with Simon:

https://www.strategysprints.com/

https://www.facebook.com/strategysprints/

https://twitter.com/strategysprints

https://www.instagram.com/strategysprints/

https://www.linkedin.com/in/simonseverino/

https://www.youtube.com/channel/UCnSFgJd0CrsEdQdO21txR2A

https://podcasts.apple.com/us/podcast/strategy-sprints/id1299008831

https://www.amazon.com/Strategy-Sprints-Accelerate-Growth-Business/dp/139860349X

If you want to know more about Dr. Jason Balara and the Know your Why Podcast:https://linktr.ee/jasonbalara

Audio Track:

Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/