How to Scale Your Business
Posted on 30th August 2022 at 08:19
So you've started a business and things seem to be going in the right direction (phew!) but how do you take it to the next level and scale up?
Here are some top tips to help you achieve your goals
1. Plan and Assess, Objectively
Take a close look inside your business to see if you are ready for growth - be honest with yourself, have you got the appetite and time as it's hard work taking a business to the next level. What needs improving, what could be done better and what could you do without?
2. 'Show me the Money'
Scaling a business doesn't come without investment. Your growth plan may involve employing more people, implementing new technology, updating equipment and facilities, and creating reporting systems to keep everything on track - be sure you've budgeted for this and have found the right solutions at the right price.
3. Secure those Sales
Scaling your business naturally assumes you will sell more. Have you got the sales structure in place to generate more sales and to cope with an upturn in demand? Are the behind the scenes processes in place to handle more orders?
4. Invest in Tech
Technology makes it easier and less expensive to scale a business, but you really need to have a good understanding of what you need and what's out there that can help. Sometimes an 'off the shelf' product will work while other times, you may need something bespoke, all of which comes at a cost. Do your research (or get someone else to do it for you).
5. Find new staff or Outsource
Last but certainly not least, are the 'bums on seats' needed to carry out the work. Employing staff can be tricky, time consuming and a drain on time that you may not have. Outsourcing to a virtual assistant for example, who already has the experience and capacity you need, may well help fill this gap and also help elevate your business quicker through their wealth of knowledge and experience.
If you’d like to find out more about how we can help you with growing your business, Click Here to contact us now.
Tagged as: Administration, Hiring a Virtual Assistant, Outsourcing, Productivity, Small Business Life, Social Media Management, Time Management, Virtual Assistant
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