How to 5X Your Business in 3 Years With Steve Preda [Limitless MD, Episode 150]

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Ever thought about the possibility of 5X-ing your business in just 3 years?

It’s not a myth, and it’s not just reserved for a lucky few. With the right strategies, you could be the next success story.

If you’re ready to amplify your business, unlock its untapped potential, and unleash a wave of growth, this episode is for you. 

Today’s guest, Steve Preda, is here to share insights that could revolutionize your approach to growth.

Steve has been at the helm of helping countless businesses succeed and thrive. His expertise has propelled teams, revenues, and profits to new heights. 

He’s also one of the business implementers in two of my companies – Limitless MD and Viking Capital.

These are some of the topics we discuss during the episode: 

  • Typical mistakes business owners make
  • Different ways of analyzing organizational roles
  • The reason why some businesses don’t get traction
  • Why you need to have moonshot goals and celebrate the 70%
  • How to transition from being an operator to becoming an owner
  • What to do to sell your medical practice for good money
  • Steps to 5x your business

The strategies you’re about to uncover are the catalyst your business needs to reach heights you never thought possible.

“The idea of the moonshot goals is that in order for goals to be really motivating, there has to be a distance between your current reality and the goal because that gap between the two creates the tension of the goal.” – Steve Preda


In This Episode:

01:05 Who’s Steve Preda?    

02:17 From business owner to business coach    

07:21 Steve’s next book    

08:20 How many companies has Steve taken to the next level?  

09:22 Typical mistakes business owners make      

11:38 Different ways of analyzing organizational roles  

15:20 The reason why some businesses don’t get traction      

16:57 Why you need to have moonshot goals and celebrate the 70%  

19:44 How to transition from being an operator to becoming an owner    

24:24 What to do to sell your medical practice for good money

26:36 Steps to 5x your business

 

Resources Mentioned:

Book “The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It“ by Michael E. Gerberhttps://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280 

Book “Traction: Get a Grip on Your Business” by Gino Wickmanhttps://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837/ 

Book “Buyable: Your Guide to Building a Self-Managing, Fast-Growing, and High-Profit Business” by Steve Predahttps://www.amazon.com/Buyable-Building-Self-Managing-Fast-Growing-High-Profit/dp/0998447870/ 

Book “Pinnacle: Five Principles that Take Your Business to the Top of the Mountain” by Steve Predahttps://www.amazon.com/Pinnacle-Five-Principles-Business-Mountain/dp/0998447897/ 

Book “Strategy OS: Implement an Advanced Operating System in Six Simple Steps” by Steve Predahttps://www.amazon.com/Strategy-OS-Implement-Operating-Entrepreneur/dp/B0C1JD781B/ 

Resources: