31 min
The best way to scale your business Brave Bold Brilliant Podcast
-
- Entrepreneurship
In this episode, Jeannette covers the subject of scaling a business or a department you run for a large organisation. The advice she shares is from personal experience. She has successfully done both of these, many times throughout her 29-year corporate career. Jeannette has set up, grown, and is currently running three six-figure businesses. She has also supported many of her mentees through the process of massively scaling their businesses. So, you can be sure that the advice in this episode works and is highly practical.
She walks you through the options. The different approaches you can use to scale a business. Then, she explains how to choose the ones that will work best for you and the type of company you run.
KEY TAKEAWAYS
Regardless of the size of a business, the approaches that can be used to scale them are the same.
How you can apply them is what determines which approaches should be used and in what order.
Making your existing business work harder is organic growth. In the podcast, Jeannette shares 12 of the approaches she has used, including examples.
Adding a new form of distribution, e.g., in-store pick-up or selling online enables you to reach new types of customers.
Increasing prices to make a higher profit, but doing so without losing customers.
Segmenting your customer base improves your understanding of them, then improves your ability to target them effectively.
Improving cash flow makes it possible to scale faster.
Mergers, acquisitions, and joint ventures are examples of inorganic growth. All of which Jeannette has done many times.
Make sure your values are aligned before merging with another company. It´s not all about the finances.
Acquiring a competitor is an extremely fast way to grow your market share.
BEST MOMENTS
‘Regardless of the size of your business, the (scaling) options are pretty much the same. ´
‘I have personally done a lot of mergers and acquisitions …. Some with values of £600 million.’
‘Review your supplier base and the commercial terms you have with that supplier.’
This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It’s never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you’d like to join Jeannette’s FREE Business Impact Seminar just DM Jeannette on info@jeannettelinfootassociates.com or sign up via Jeannette’s linktree https://linktr.ee/JLinfoot
VALUABLE RESOURCES
Brave, Bold, Brilliant podcast series - https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970
ABOUT THE HOST
Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.
Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.
CONTACT THE HOST
Jeannette’s linktree
https://www.jeannettelinfootassociates.com/
YOUTUBE
LinkedIn
Facebook
Instagram
Email - info@jeannettelinfootassociates.com
Podcast Description
Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big’ international business to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true’ to yourself is the order of the day.
Travel, Bold,
In this episode, Jeannette covers the subject of scaling a business or a department you run for a large organisation. The advice she shares is from personal experience. She has successfully done both of these, many times throughout her 29-year corporate career. Jeannette has set up, grown, and is currently running three six-figure businesses. She has also supported many of her mentees through the process of massively scaling their businesses. So, you can be sure that the advice in this episode works and is highly practical.
She walks you through the options. The different approaches you can use to scale a business. Then, she explains how to choose the ones that will work best for you and the type of company you run.
KEY TAKEAWAYS
Regardless of the size of a business, the approaches that can be used to scale them are the same.
How you can apply them is what determines which approaches should be used and in what order.
Making your existing business work harder is organic growth. In the podcast, Jeannette shares 12 of the approaches she has used, including examples.
Adding a new form of distribution, e.g., in-store pick-up or selling online enables you to reach new types of customers.
Increasing prices to make a higher profit, but doing so without losing customers.
Segmenting your customer base improves your understanding of them, then improves your ability to target them effectively.
Improving cash flow makes it possible to scale faster.
Mergers, acquisitions, and joint ventures are examples of inorganic growth. All of which Jeannette has done many times.
Make sure your values are aligned before merging with another company. It´s not all about the finances.
Acquiring a competitor is an extremely fast way to grow your market share.
BEST MOMENTS
‘Regardless of the size of your business, the (scaling) options are pretty much the same. ´
‘I have personally done a lot of mergers and acquisitions …. Some with values of £600 million.’
‘Review your supplier base and the commercial terms you have with that supplier.’
This is the perfect time to get focused on what YOU want to really achieve in your business, career, and life. It’s never too late to be BRAVE and BOLD and unlock your inner BRILLIANCE. If you’d like to join Jeannette’s FREE Business Impact Seminar just DM Jeannette on info@jeannettelinfootassociates.com or sign up via Jeannette’s linktree https://linktr.ee/JLinfoot
VALUABLE RESOURCES
Brave, Bold, Brilliant podcast series - https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970
ABOUT THE HOST
Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 25 years of global professional business experience across the travel, leisure, hospitality, and property sectors. Having bought, ran, and sold businesses all over the world, Jeannette now has a portfolio of her own businesses and also advises and mentors other business leaders to drive forward their strategies as well as their own personal development.
Jeannette is a down-to-earth leader, a passionate champion for diversity & inclusion, and a huge advocate of nurturing talent so every person can unleash their full potential and live their dreams.
CONTACT THE HOST
Jeannette’s linktree
https://www.jeannettelinfootassociates.com/
YOUTUBE
LinkedIn
Facebook
Instagram
Email - info@jeannettelinfootassociates.com
Podcast Description
Jeannette Linfoot talks to incredible people about their experiences of being Brave, Bold & Brilliant, which have allowed them to unleash their full potential in business, their careers, and life in general. From the boardroom tables of ‘big’ international business to the dining room tables of entrepreneurial start-ups, how to overcome challenges, embrace opportunities and take risks, whilst staying ‘true’ to yourself is the order of the day.
Travel, Bold,
31 min