Can You Scale Up a Drone Service Business to a Multi-Million Dollar Corporation?

Today's question is about scaling up a drone service business. Is it possible for a drone service business to become a $100 million business?

Our caller for today, Ken from NJ has come up with a great question that has not been asked on Ask Drone U before. We all know about multi-billion dollar corporations like DJI and Intel that are at the forefront of drone technology. But, is it possible for a drone service provider to evolve into a $100 million business? What are some critical attributes necessary to achieve this level of success?

To answer Ken's question, we cite examples of the likes of DroneDeploy who have managed to resolve problems at a mass scale. In the process, they have grown into multi-million dollar corporations with thousands of clients. Along with excellent leadership and a dream team, we also highlight the need to have a conducive business environment that is supportive of such ventures. Thanks for the great question, Ken. Fly Safe!

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Timestamps

[02:13] Sign up for the FREE Remote ID NPRM Informational & Strategy Webinar

[08:09] A special thanks to out gracious sponsor, Drone U mapping classes

[09:44] Today's question the attributes necessary to scale up a business to $100 mn per year

[16:15] Is it possible to scale up your drone service business to $100mn per year?

[16:53] Is your solution resolving problems at mass scale?

[17:44] Discussing the need to have a conducive ecosystem that propels businesses forward

[20:48] On a macro-level, what does a business need to scale up and become a $100mn business?

[27:12] 3 Important things that will place a business on the path of high growth

[28:38] What are some important leadership traits that will help you find success in today's day and age?

https://www.youtube.com/watch?v=R8FfRW1BYWI&feature=youtu.be