Topic: Scaling a Business
Answer: Great to see that things are moving forward for you and congratulations. Scaling up is where some businesses get into trouble so there are a few important things to consider. Firstly, can you crystalise your Vision for the business – where you want it to get to and why is this important to you? Secondly, what are the unique aspects of your business and future plan that will make customers choose you and not your competition? You need to have a clear and thought through answer to this question and be confident about it. This really shouldn’t be price as planning/ upscaling on a price advantage only is a recipe for disaster. Thirdly, what sort of business structure will you require to run the business as it grows. As founder/ leader you must be prepared to delegate to the good people that you will need to hold on to or recruit – Depending on your current situation personnel wise. Finally, be prepared for bumps in the road but always have your Vision in mind and a clear picture of your purpose and why you are doing what you are doing.
