Agency Insights for Scaling
Why You Need a LINE OF CREDIT Right Now
Do you have a line of credit? I’m here to tell you that as an agency owner you should get one RIGHT NOW.
A line of credit is not merely a financial tool; it’s a safety net designed to get you out of hard situations. The key here is timing: secure your line of credit before you actually need it. Banks are unlikely to approve credit when you're in the midst of a financial emergency.
I BOUGHT 10 Digital Agencies: Here is what I learned…
I’ve been in the agency world since 1999, building my agency for over twelve years to the point of a successful exit. For the next ten years, I focused on coaching agency owners from all over the world and not really thinking about starting another agency until a couple of years ago.
Once I started this new stage of agency ownership, we’ve been expanding our services by buying agencies, for a total of $1 million in EBITDA so far. With that experience under my belt, I want to present to you some of the things I’ve learned. Here are 8 elements all sellable agencies have had in common.
Find Your Tribe: A Lesson About Transparency in Business
How important do you think it is to find your 'tribe' in the business world? Have you tried to find such a community? In a marketplace overflowing with options, it often seems many lack a genuine focus on problem-solving and valuable advice.
FIRING EMPLOYEES SUCKS, but… Not Firing Them is WORSE
Do you want to know the hardest part of building and scaling a digital agency? Running an agency is fraught with challenges that can leave you feeling you’re constantly facing a new storm. Today I’ll talk about a challenge so hard many agency owners avoid it for years, and it is replacing team members who don’t have what it takes to continue growing.