Your Next Five Moves: Master the Art of Business Strategy

by Patrick Bet-David

Master Strategy to Scale SCALING FOR EXPONENTIAL GROWTH 1. Decide how you’re going to capitalize your business. Execute strategies for both exponential and linear growth. Lead people by demanding their best and holding them accountable. MAKE MOMENTUM YOUR FRIEND—AND BE PREPARED FOR CHAOS 2. Create strategies to increase the speed of growth without crashing your business. Look for ways to compress time frames. Keep your ego in check to avoid temptations and being your own worst enemy. MONEYBALL: DESIGNING SYSTEMS TO TRACK YOUR BUSINESS 3. Decide what are the most important formulas of your business, and track them religiously. Codify what’s in your head by creating manuals to transfer knowledge. Determine if new hires are needed to help implement this transfer of knowledge. STAY PARANOID; THE GRAND MASTER NEVER LETS HIS GUARD DOWN 4. As your company gets bigger, it will become more vulnerable. Know where people can attack you, and stay on guard. Constantly put yourself in your enemies’ shoes, and ask how you would put yourself out of business if you were them. Don’t take it personally when they try to do just that.