The Leadership Stack Podcast

Ep: 360: Is Funding Necessary to Scale Your Business?


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Sean: When will you get funding, like taking SEO Hacker to the next level?

Sean: Oh, I've been getting a lot of those questions recently. Strangely enough, this is the fourth time that I've gotten it in a four to five-day span. Seems like a lot of people are interested in investing in SEO Hacker. I think that if I could keep it 100 percent owned by me, like what it is now, I would go for that. It's hard for an entrepreneur to always have someone telling him or her what to do, and I'm the type of entrepreneur where I like being at the helm. I like being on the hill.

Sean: So it is hard for me to tell you when I will get funding because honestly, right now, SEO Hacker does not need funding. We need to invest as well. That's all we need because when you're in the services industry, you usually cannot just buy more stock and sell it for a higher price, like when you're in the merchandising industry. the merchandising or trading industry, like the retail industry, they buy stuff, they sell it in the malls or online, whatever. And what they use with the money when they sell stuff, what they do with that money is they buy more of those stuffs that they think they can sell. So the money just circulates.

Sean: The difference between that and a service company like SEO Hacker is we don't have stocks to buy. So the money does not circulate in that way with SEO Hacker. As the CEO and founder, we have this stockpile of cash, and we do need to invest it somewhere because just leaving it in the bank is not the wisest thing to do. It is not the best thing for me as the CEO and founder to do.

Sean: So if I do need to get funding, it would be for a huge reason. It should be for a huge reason. And I don't believe that we would need funding for the next few years unless we want to buy out a competitor, who is also selling. A really good competitor who's selling. I might get investors just to buy competitors. That's it. Otherwise. I don't think we're going to really need or get funding. Hope that helps.

Sean: Taking SEO Hacker to the next level, the answer there is we're always taking it to the next level. So during this pandemic, where we have a slew of inquiries, and a slew of customers coming in, clients coming in. We are able to already see the trajectory on where we should go and we are leveling it up. We're actually professionalizing the entire company and we are hiring executive-level people already right now. So that is hopefully going to double, or allow us to double or triple our revenues when we professionalize in the next three years.

Sean: My target is the CEO and founder, and the main salesperson of the company is to grow 100 percent each year. So far doing great. Can I take it to 200 percent? I don't know. That's the next question, but 100 percent every year is great for me, and that has been my target ever since I started the company. So we have grown more than that when we were at the very beginning. When you're at the beginning, it's possible to grow 300-1000 percent. But when you scale to a 50 man team, it's already hard-hitting 100 percent sometimes, especially when you're in the SEO industry, not in the tech industry. So I hope that helps.

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The Leadership Stack PodcastBy Sean Si

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