#126: Daimien Patterson: The quickest path to profit
"Focus on that one thing you get paid the most to deliver"
Damien Patterson shares tips for growing a business smarter, including focusing on the most profitable product/service, creating procedures for everything, embracing outsourcing, creating team structures and career models, and getting coached or trained.
He emphasises the importance of removing yourself from the business and building a team. Damien also shares his journey from being an army officer to becoming a serial entrepreneur with multiple successful businesses. Daimien Patterson specialises in scaling leadership and businesses, focusing on how to grow a business, build team structures, and create career models. He emphasises the importance of refining the business model before scaling to avoid scaling mistakes.
Daimien shares a case study of a friend who bought a struggling business and turned it around by focusing on the most profitable product, fixing product issues, and expanding online sales. He also discusses his work with Smart Workforce Solutions, which provides remote workers from South Africa, and Integrity Property Investment, which helps with property investing.
Takeaways
- Focus on your most profitable product/service
- Create procedures for everything
- Embrace outsourcing
- Create team structures and career models
- Get coached or trained
- Remove yourself from the business and build a team. Focus on scaling leadership and businesses by refining the business model and building team structures.
- Identify the most profitable product or service and fix any issues to maximise profitability.
- Consider expanding online sales to reach a wider customer base.
- Utilise remote workers from South Africa through Smart Workforce Solutions.
- Explore property investing as a way to generate passive income and build wealth.
At a glance…
03:26 Focusing on the Most Profitable Product/Service
05:25 Creating Procedures for Efficiency and Scalability
08:57 Embracing Outsourcing for Growth
12:26 Building a Strong Team and Delegating Effectively
17:29 The Importance of Continuous Learning and Coaching
24:48 Turning Around a Struggling Business
33:10 The Power of Property Investing
41:08 Smart Workforce Solutions and Integrity Property Investment
About the Guest
Damien Patterson is the CEO of the Integrityx Group, with a Masters in Business Administration. A former Army Officer and war veteran, he has been nominated for Australian of the Year.
Damien is a part-time business coach and consultant, offering his expertise in leadership and business growth. As a keynote speaker, he inspires audiences with his insights on leadership in business, drawing from his diverse experiences in both military and corporate settings.
