Scaling up a Business with Nick Bradley

Many businesses are facing the adverse effects of Covid -19. Some have collapsed, others are on the verge of collapsing and others are having a boom. Investors are buying companies that have the potential for growth and scalability.  In this episode, we have Nick Bradley joining us on the show.  Nick and I will be talking about scaling up a business. Listen in and learn Characteristics of a great business and versus a good business Great businesses have a very clear purpose, mission and direction. They also have a plan aligned to the objectives and goals which come out of that. Quite often, they might have a three to a five-year vision of what they're trying to achieve, but they work to sort of a 90-day cadence. When they’re monitoring the stuff they do daily, weekly, you know, in this kind of three-month 90-day formula, which means they're not giving themselves any outs if you like to relax. There’s power in threes. Focus on three things that are going to get you the results; the best three. Don't focus on the five that are going to kind of get you distracted.  They have a clear proposition that solves an identifiable market problem. Great businesses focus on the niche and have a predictable way of bringing in those customers, thus driving recurring revenue. Also, they have processes that underpin the joint ups across all various functions within an organization.  They have a designed intentional culture that is underpinned by exact values, and more important behaviours. They hire to that culture; they have a high capacity, high calibre, high capacity professionals, in the areas where it matters most.   Definition of a Business Empire Business empires are essentially scaled businesses. They're beyond corporates. They are groups of large entities, which are not only generating a heap of value in terms of profitability, or any of those things, but they're also making a bigger impact. Qualities of Great Leaders They have competency in what they're trying to achieve. That doesn't mean they have mastery. We're all on a journey, but they have competency in terms of what they're trying to do. Competency can also be a mindset thing, a belief thing, as much as it can be the practicalities of it. Unless you know how to make decisions, they may not be the right decisions, but they're going to be informed. Nick’s Super Power Nick is a business growth expert. He has done turnarounds and scale-ups of businesses that are generally investor-backed. He spent the last decade working with private equity firms around the world- some of the world's biggest ones. Nick has great wisdom and knowledge on how to scale businesses. Timestamps [01:21] Getting to know our guest [04:29] Is Nick’s business better during Covid? [06:08] Buying failing businesses [07:32] Buying out companies as an individual [12:55] what's the different routine in your line of work from startup and scale-up? [15:13] characteristics of the differences between great businesses versus a good business [17:29] Nick’s definition of a business empire [21:48] Qualities of great leaders [24:20] What defines a valuable business Quotes “It’s better to create wealth and also make an impact and a positive one.” “When you start to get growth, you start needing to build more complexity into your business and the only way out of that is to provide structure and process.” “Empires have more power to make a positive impact on the world and some of that governments do.” “If you don't go big, then I don't know. It's just that growth is not there.” “If you can solve a problem in a really outstanding way, that no one else can do. That's where the value starts to really come from that first piece.” Connect with Nick Bradley Nick’s Facebook Page: https://scaleup.vip/FB     Nick’s LinkedIn: https://scaleup.vip/LI    Nick's Instagram: https://scaleup.vip/IG    Scale Up Your Business website: www.suyb.global