How to Jump From 7 to 8 Figure Business With James Friel

Episode • Oct 4, 2023 • 35m

Do you know the difference between a 7-figure and an 8-figure company? A common misconception many entrepreneurs have is that scaling their business requires an array of fancy strategies or expensive methods.

But the simple truth is that it's all about leveraging systems and processes. You must have the right people with the right tools operating under efficient processes. And that's what today's conversation with James Friel is all about.

James runs multiple 7-figure companies and has consulted with CEOs, entrepreneurs, and executive-level staff at companies ranging from Fortune 500 corporations to smaller, more entrepreneurial ventures, helping them systematically increase efficiency while growing their sales.

If you want to learn how to scale your business to 8 figures, join us in today's episode of SMART Businesses Do THIS!

About the Guest:

James Friel is an investor, entrepreneur, and consultant. He helps companies systemize, grow, and scale by helping the founders get out of the day-to-day operations of running their companies so they can focus on high-growth activities.

“I think that if something is an incredible offer, people are gonna pay for it.”

- James Friel

In This Episode:

- What makes James credible to discuss growing a business from 7 to 8 figures?

- What is the main difference between a 7-figure and an 8-figure company?

- Action steps to start leveraging and moving towards $10 million a year or higher? James explains how his Optimal Traffic Flow System works

- How to optimize your lead flow system

- Why James avoids hiring salespeople and where he focuses instead

- A better strategy to increase the value of your products and services and how to make people want to buy them

- How to hire the right people

- The three components of a system (people, process, tools) and how to know if your system is running efficiently

- What SMART Businesses should do, according to James