Stuck at the growth ceiling? Subscribe and get the Revenue System Self-Check, eight questions that find where revenue is leaking out of your business, plus one practical email a week. Enter Your Email Here!
All Episodes
Featured
Service Business Growth: One Line to $1M Before the Next (Hadley Nightingale)
•55:15

Service Business Growth: One Line to $1M Before the Next (Hadley Nightingale)

0:00 / 55:15

Executive Summary

Service business growth often stalls when a founder adds a second offer. Three service lines at $300,000 each look like a million-dollar business. In practice, it is three jobs, with one line paying for the other two.

Hadley Nightingale is the director of New Zealand Property Buyers, a buyer's agency that also runs renovation project management and property management for investors. He grew the team from zero to 13 people across New Zealand and the Philippines, and he added his second and third lines before the first could run on a team.

Nate Grossman and Simone Henry talk with Hadley about scaling a service business in the right order: the four-person pod each line needs before you add the next, why admin should go before delivery, how recurring revenue should cover your worst month, and why his team starts hiring at 80 percent capacity. He also shares the screen-recording method his team uses to systematize business processes, turning a task into a written procedure in about three minutes.

This episode is for founders of 1M to 10M service businesses who added offers to grow and now feel more stretched than before. You will leave with a test for your next service line and a hiring rule you can apply this month.

If what Hadley shared resonated and you want one team to handle a New Zealand property purchase from the search through to management, head to newzealandpropertybuyers.com for a free consultation. Follow Hadley on Instagram at instagram.com/hadleynightingale and connect with him on LinkedIn at linkedin.com/in/hadleyn.

If this conversation made you realize you are not sure where your biggest growth constraint actually is, subscribe to The Growth Ceiling newsletter at thegrowthceiling.com. Each week, one real growth constraint and how to spot it in your own business.

Subscribe to The Growth Ceiling wherever you listen. And if this episode helped you see something differently, send it to one founder who needs to hear it.

Chapters

Key Takeaways

  • Three service lines generating $300,000 each may still function as three separate jobs, with one line subsidizing the other two.
  • Hadley Nightingale grew New Zealand Property Buyers from zero to 13 people across New Zealand and the Philippines.
  • The episode discusses building a four-person pod for each service line before adding another.
  • The team starts hiring at 80 percent capacity so new hires can arrive before the team is too busy to train them.
  • Hadley’s team uses screen recordings to turn tasks into written procedures in about three minutes.

Frequently Asked Questions

What does the episode recommend before adding another service line?

Build the four-person pod each line needs before adding the next.

When does Hadley’s team start hiring?

At 80 percent capacity.

How does the team create written procedures?

It uses a screen recording to turn a task into a written procedure in about three minutes.

What recurring-revenue guideline does the episode discuss?

Recurring revenue should cover the business’s worst month.