Ravi Abuvala is a master when it comes to scaling your business. He has developed a win-win strategy that balances scaling with rapid pace in conjunction with retaining 50%+ Profit Margins. By the age of 24 he had scaled two seven figure business’s by implementing systems, automation, and most importantly highly trained virtual assistants. He now teaches what he has learned to other business owners.
Life is filled with highs and lows, here Ravi gives us a bit of background on his and furthermore, how he achieved his success.
1. Describe yourself and your life journey to successes.
- I never wanted to be an entrepreneur; my whole life was moulded around going to one of the top law schools in the nation. Three days after graduating from college my dad was diagnosed with stage four lung cancer. This led me to move in with him in Atlanta, spending 8 hours a day at the hospital for chemo/radiation treatments, then staying up until about midnight studying for the LSAT (Law School Admission Test). That time made me realize how precious life really was. I decided not to go to law school (took the test, scored in the 90th percentile, got into dream schools), and started my journey towards online business.
- My first company (Prospect Social) made $3,000 in 8 months, then I learned the power of systems and virtual assistants, and 14 months later we are consistently made $200,000-$220,000/month. This fast growth caught the attention of some of my peers at which point I opened up a consulting firm (Scaling With Systems) where I help other companies scale to multiple seven figures using our fully trained virtual assistants, automation, and systems. We now have a recruitment and training center in the Philippines, we have placed over 600 virtual assistants for our clients and have helped scale close to 500 companies. For more information on that journey, you can check it out here. You can see hundreds of case studies here.
2. How did you figure out that scaling with systems would be so successful?
I never knew it would be, it started as just me helping some friends scale their businesses the way I scaled mine, pretty soon they were telling their friends, and next thing I knew people were banging down my door to work with me. I suppose that is when you know you have something great. Focus on providing as much value as possible and the rest will come easily.
3. How did you figure out this system?
From starting and scaling my own advertising agency. I had no previous business experience so I had to learn everything the hard way, looking back it was the best thing that could have happened to me. I only made $3,000 the first 8 months because I was doing everything wrong, then I hired my first coach and they turned everything around for me. Now I do the same for my clients, help them avoid mistakes in starting and scaling a company so they can make more profit, sooner.
4. You dropped out of law school; how did you know that this was the correct decision.
At the time I didn’t, actually it was probably the scariest moment of my life. Everyone I knew said I was “throwing it all away.” In a way I was, but I also knew that if I was going to take a risk in my life, it was then. Before girlfriends, before debt, before another three years spent at school. I just didn’t give up, that’s how I “made it.”
5. What business would be most applicable with your scaling with systems course.
We specialize in helping high-ticket service-based businesses. Typically, they already have product-market-fit (at least one happy customer) and are looking for ways to rapidly grow it while retaining profit margins. I’m proud to say I operate both of my 7-figure companies at 50%+ profit margins.
6. What advice do you have for young entrepreneurs?
Don’t give up, I know it’s cheesy but it’s true. There are a lot of times in my life where it would have been “smart” to give-up, throw in the towel, and find something safer. The truth that people don’t tell you though is you live with that the rest of your life, complacency, which is something I physically can’t do.
7. What are some of the biggest challenges you have had to overcome in your entrepreneurial journey?
My dad being diagnosed with Stage 4 Lung Cancer was a pretty big one, but it also was the catalyst for me even starting on this journey. I’ve lost hundreds of thousands of dollars in bad investments, bad partners, problems with family life, etc. The best part about it is they all make you stronger, I feel bad for those who are on “easy-street” most of their life because when life kicks them in the face (which it will) they usually just lay down.
8. From the day you started scaling with systems, how long did it take you to reach the point where you were making profits that you were happy and furthermore, what did you base this point off of?
Much the same way we teach our clients to be profitable from day one, I was with Scaling With Systems. We did a little over $30k in the first two weeks of launching the program and this was before I had created any of it. The smartest entrepreneurs I know (and what we teach) are able to sell an idea, then learn how to fulfil it.
Ravi’s life was once dominated by challenges but through immense hard work he has become a true mentor, one for many entrepreneurs to look up to. If you want to learn more of Ravi’s secrets on how to grow your business check out his website at scalingwithsystems.