How & When They Grew Their Team

Take your business to the next level by making your first hire! Learn from 20 entrepreneurs who reveal their first hire story today on the blog! Pat Flynn April 1, 2019 Ah, your first hire. When you’re just starting out, it can be tricky to know when it’s time to start building your team. The key, my friends, is to remember that you can’t do it alone—and that it’s okay to start small. Like many entrepreneurs, I started out working with contractors for things like building iPhone applications, copywriting, and web design. But a couple of years in, as I was building new passive income streams, I realized I could use help with things like building websites and creating backlinks. Even though I enjoyed doing those things, they probably weren’t exactly the best use of my time. So I started using sites like Elance and Odesk to find help for a few […]

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How to Build and Scale an Agency Model Business—with Jason Swenk

Jason Swenk: They tell me their gross revenue. I’m like, “I don’t care about your gross revenue.” I know a lot of 10 million, 100 million dollar industries that make zero, so that’s not good. so what is your profitability margin? They say, “Oh, it’s 15-20 percent.” I’m like, “Okay. Do you know all the service space companies in the US based on the Service Bureau—are around 32 percent? That’s the average, so you’re way below the average. So let’s focus on profitability.” Pat Flynn: That’s Jason, our special guest today. Swenk is his last name, and Jason is a master at helping people build their agencies; an agency being a business where you are in the service-based business helping others do something, whether it’s an SEO agency, a design agency, a copyrighting agency, what have you, it doesn’t really matter. If you have the ability to serve others through […]

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