Agency Insights for Scaling
Recession-Proof Your Agency: Grow While Others Panic
Are you concerned about the economic prospect this year presents for businesses overall? How are you preparing to face the uncertainty? With all the talk about a recession going on since last year, it’s natural for agency owners to feel uneasy. Recessions often bring budget cuts, client churn, and hiring freezes and they feel they’ll lose everything they’ve built. We’re all wondering what will happen with the tariffs and with AI improving each day.
Why You Need a LINE OF CREDIT Right Now
Do you have a line of credit? I’m here to tell you that as an agency owner you should get one RIGHT NOW.
A line of credit is not merely a financial tool; it’s a safety net designed to get you out of hard situations. The key here is timing: secure your line of credit before you actually need it. Banks are unlikely to approve credit when you're in the midst of a financial emergency.
I BOUGHT 10 Digital Agencies: Here is what I learned…
I’ve been in the agency world since 1999, building my agency for over twelve years to the point of a successful exit. For the next ten years, I focused on coaching agency owners from all over the world and not really thinking about starting another agency until a couple of years ago.
Once I started this new stage of agency ownership, we’ve been expanding our services by buying agencies, for a total of $1 million in EBITDA so far. With that experience under my belt, I want to present to you some of the things I’ve learned. Here are 8 elements all sellable agencies have had in common.
Find Your Tribe: A Lesson About Transparency in Business
How important do you think it is to find your 'tribe' in the business world? Have you tried to find such a community? In a marketplace overflowing with options, it often seems many lack a genuine focus on problem-solving and valuable advice.
FIRING EMPLOYEES SUCKS, but… Not Firing Them is WORSE
Do you want to know the hardest part of building and scaling a digital agency? Running an agency is fraught with challenges that can leave you feeling you’re constantly facing a new storm. Today I’ll talk about a challenge so hard many agency owners avoid it for years, and it is replacing team members who don’t have what it takes to continue growing.