Episode description
The 5 Phases of Growth for Businesses with Danna Olivo
Title Write-up:
Danna Olivo is a business growth strategist, serial entrepreneur, and public speaker who has over 35 years of experience in the architecture and construction business. After her near death experience after being hit by a bus in Rio De Janiero Brazil, Danna started getting approached by her friends who needed help solving issues in their business and this led her to start MarketAtomy.
In this Episode, Danna shares the 5 essential and sequential stages to any business and why each stage should not be skipped, tips on fundraising and structuring your shareholding, and how one can identify social sociopaths who may be detrimental to you and your business.
Resources:
https://www.marketatomy.com/ - Check out Danna’s website
https://www.marketatomy.com/bhc-beta/ - Check out Danna’s business health checklist
https://www.chargedupstudio.live/ - Check out Danna’s podcast
Actionable Take-aways:
1. There are 5 essential and sequential stages to any business. See it, prove it, build it, fund it and grow it. Make sure you don’t skip any stage or you may end up wasting a lot of money targeting the wrong customer or working on the wrong business model.
2. Be very careful and thoughtful about how you structure your shareholding in your company. If possible, make sure that your shareholders all have strategic value and are not silent shareholders.
3. Just because you enjoy something as a hobby does not mean you will enjoy running it as a business. Try to work part-time or job shadow someone to know more about the business and industry if you can before taking the plunge.
Connect with Ted on:
His Website at : www.tedteo.com
LinkedIn at: https://www.linkedin.com/in/ted-teo/
Instagram at: @ted.teo