Entrepreneurs are always fascinated by the concept of scaling a business. Some, like Reid Hoffman, even coined the term “Blitzscaling”. Let’s consider the magnitude of businesses that seek or need to scale: according to official statistics released by the United States Census Bureau, over 4 million businesses were founded last year, which represents a nearly 25% increase from the year prior.
As the number of applications for new business formation this year is expected to reach a similar level, these many fresh entrepreneurs would find significant utility in the advice and experiences of an accomplished businessman such as Nick Ayala. With over 15 years of experience in the industries of business and finance, he has learned many valuable lessons that could prove key to the success of any of these many millions of new businesses. This article will examine Nick’s experience as well as how he successfully scaled his companies.
A Long History In Business
As stated above, Nick has worked in the areas of business and finance for over 15 years, during which time he has founded many successful entrepreneurial endeavors. Following his graduation from Florida State University with a bachelor’s degree in business and finance, Ayala’s eminent career began.
Despite initially setting out with every intention of becoming a professional golfer, Ayala realized he had to put that dream behind him after acknowledging his true calling as an entrepreneur. Ayala’s recent reception of Entrepreneur 360’s award for being one of the top entrepreneurs, particularly due to his innovative mindset and approach renders it evident that he made a good choice in this early career shift.
In 2012, Ayala founded his first company: Point America 365. It is a digital marketing firm that provides revolutionary approaches to boosting the revenue of its clients with strategies such as enhancing their brand image, expanding their lead generation, and elevating their content creation efforts. Ayala still works at the forefront of this company as its CEO in assisting business boost their revenue and growth to this day.
Ayala’s next successful venture was a family-run business called Align Capital Ventures he founded two years after Point America 365, in 2014. This was a specialist firm designed with equity trading and futures in mind and it enjoyed similar success to Ayala’s prior entrepreneurial venture.
2018 is perhaps one of the most important years in Ayala’s career as it is the year he founded Priority Life Insurance Group, his flagship company. Initially created to provide a solution to the problem of the many masses of people lacking sufficient insurance for their possessions that Ayala discovered while at work, this endeavor met and exceeded all expectations. In a mere three years following its conception, Priority Life Insurance had grown such a large name for itself under Ayala’s stewardship that a much larger firm, Integrity Marketing Group, expressed interest in acquiring it – in spite of its young age.
Methods For Success
The success that Ayala has experienced in scaling these ventures of his is of course no accident, and can, in fact, be extrapolated to expound on his entire approach to running businesses as a whole. First and foremost, Ayala maintains a forward-focuses attitude that is built upon perseverance.
He laments that not all of his past ventures have been successful, and neither has anybody’s – but thus is the way of life. Businessmen especially will face constant knockbacks and roadblocks on their way to success, but what divides those who actually reach that success from those who don’t is whether they have the perseverance to pull themselves back up and continue instead of accepting defeat.
The ability to scale and grow a business is essential to keeping a business afloat. Moreover, a business must grow if it wants to both survive and thrive. Many of the new business owners who have come out of the back of the COVID-19 pandemic will be new to running a business and thus keen to hear the advice of an experienced entrepreneur such as Nick Ayala.
Above all, Ayala maintains that perseverance is the greatest determinant of a business’s success since everyone faces setbacks; it is not the number that one faces that is consequential, but the number of times he is able to resurge.