You’re Growing, but Are You Scaling? 5 Strategies to Help Scale Growth
September 10, 2021 James Taylor
You’re Growing, but Are You Scaling? 5 Strategies to Help Scale Growth
September 10, 2021 James Taylor
Does your business have the capacity to grow and scale? Will your business systems, infrastructure and team be able to accommodate growth? Scalability is about capacity and capability.
If growth causes your company to stumble because of confusion, orders falling through the cracks, insufficient staff, miscommunication, not enough manufacturing or delivery capacity –you’re going to have unhappy customers. The manual processes that were fine when you were small, now won’t let you move fast enough. You’ll either be putting out fires or desperately trying to keep your head above water. All of which is stressful.
Scaling a business means setting the stage to enable and support growth in your company. It requires planning, some funding and the right systems, staff, processes, technology and partners.
Evaluate and Plan
Take a hard look inside your business to see if you are ready for growth. You can’t know what to do differently unless you take stock of where your business stands today.
Strategize what you need to do to increase sales. Then assume your orders doubled or tripled overnight. Does your organization have the people and systems to handle those new customers, without failing or injuring your reputation? This is where a good plan is essential.
Invest in your growth
Your growth plan may call for additional staff, deploying new technology, and creating systems to measure and manage results. However, the return of investment can be exponential.
Evaluate sales processes
Scaling your business obviously assumes more sales and revenue. Do you have the sales structure in place to generate more sales? Looking at sales from end to end. Do you have:
Adopt technology
Technology makes it easier and less expensive to scale a business. You can gain huge economies of scale and more throughput, with less labor, if you invest wisely in technology.
Strategically outsource
Technology gives huge leverage, but at the end of the day you still need people.
Third party outsourcing companies invest in systems that enable them to be much more efficient in handling a function than your company. Trying to replicate that function internally may take too much time or money. Instead, finding a reliable outsourcing platform often allows your business to scale better, faster and cheaper.
James Taylor is Groupbiz Consulting’s founder. For more than 20 years, James has been helping entrepreneurs engage with their clients and grow their organizations through relationship-based marketing experiences. He is highly skilled in subscription-based business model development. Graduate of California State University-Northridge.