How To Grow Your Company Past Startup Phase To A $10M Business

Jamee Fred is the cofounder of TrueSpace, a first-of-its-kind ecosystem designed to help businesses that have grown past the startup phase reach at least $10 million in revenue. Launched by Jamee and her father Charles Fred in 2014, it is the mission of TrueSpace to help business owners move past the second stage of development, where many companies get stuck.

· The founder had the know-how to grow and scale a business, either from personal experience, a mentor or continuing education programs.Over those two years, Jamee Fred found herself most strongly impacted by the businesses built by women. Women-owned businesses were the significant outliers in the study because they had surpassed milestone growth markers, yet most of them didn’t get there because of outside capital.

“Throughout my career, I have encountered not only a female entrepreneur bias but also a Millennial bias,” says Fred. “I’ve been told that because I am single without kids, it’s easy for me to talk about working hard to achieve my dreams. The unfortunate truth is, a man would never be asked about his family life in the same way.”Jamee Fred feels fortunate to have learned business skills from her father. He started a company, The Breakaway Group, when she was 13.

Here, Fred offers her top five tips for growing your company past the startup phase and into a $10M business:. The potential of any business is ultimately assessed from the capability of the entrepreneurs to create, measure and manage business conditions over a protracted period. Start-up companies are all about doing everything and anything to build the business in order to survive.

To others looking to tap into their life purpose, Fred says, “It is easy to get caught up in the status quo of what it looks like to be successful or to be happy. It took a long time for me to realize that a conventional life was never going to bring me the same level of joy that it might to someone else. Recognize what bringspersonal fulfillment and start there.

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