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Leveraging Profit to Expand vs. Spending Big

Home Top Coaching TechniquesLeveraging Profit to Expand vs. Spending Big

Leveraging Profit to Expand vs. Spending Big

Posted by David Wood |

The following is an excerpt of one of David’s coaching sessions in Top Coaching Techniques.

David: Let’s talk about revenue, and I think it fits in really well with this other thing. You said you decided to pursue a loan to open a location and use someone else’s money, but then almost in the next breath you said, ‘I really need to focus on creating more revenue.’ I get nervous when the two of those are put together or when the two of those exist together. Talking really big picture stuff – what I’d like to see for you is that you create revenue, and then you launch into a location to expand an existing revenue stream, or one that you already know is going to be there. So that’s the big picture point. So, let’s say you’re going to launch a location and you do that over the next three months. What’s the worst that could happen? Do a little risk analysis.

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About David Wood

For 20 years David has helped entrepreneurs around the globe to grow their results, by growing themselves. A former consulting actuary to Fortune 50 companies in New York, David quit corporate life to pursue his inner journey, which now deeply influences his work. A digital nomad, David is currently dancing salsa, paragliding, and coaching his rock star entrepreneur clients from Colombia. His specialty is doubling your productivity and profits, while halving your stress. If you become a highly authentic and inspirational leader in the process, well….that can’t be helped.

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