Hints & Tips Blog

Looking to scale your business?

As you begin to think about how to develop your business, it is vital that you understand some of the key elements that continue the growth of your business.

  1. Don’t go too early – ask yourself, honestly, is your business ready?

Have you got the right platform in place to ensure you really do have a business capable of scaling?

This means you already have;

-A good quality product that there is proven demand for

-A good brand and reputation

-Clear routes to market

-Strong delivery, operations and customer service

-And importantly; a clear step by step growth plan.

Why not see if our Business Health check can help.

If not, pause and address the necessary areas, this will give your business the best opportunity to scale successfully and sustainably in the future.

  1. Get your house in order

Before you can take your business to the next level, you need to be confident you have the basics right to support your sustained growth. Rapid growth can bring its own pressures and will expose any weaknesses in your business. So, your finance, operations, sales and other key functions need to be well run with systems in place that are capable of supporting increased future volumes.

  1. Nail the numbers

Many high potential businesses fail due to cash-flow “hiccups”. Rapid expansion can be risky if growth puts pressure on working capital. Ensure you have adequate funding in place, and that you have strong financial forecasting to enable you to look ahead, not just in the rear-view mirror!