Preparing for Growth

  • Posted on: 24 January 2018
  • By: Leonard Shostak

Growing pains can be a barrier to business growth. It is important to have a contingency plan ready for action as a way to be prepared. What could this growth mean for your business? How will you recognize it? What do these changes mean and include for your business in regard to operation, staffing, and overall business management? To help you get this plan into action and focus on growth here are a few tips to grow your business:

  • Having a mission statement is essential at any phase of your business. What are your goals and how will your business reach those goals? Keeping within your mission statement/goals will accelerate your results.
  • It’s important to have financial resources available at any time. Business can come pouring in causing our business to be strapped for cash with expenses. Having sources of guaranteed funding could make a difference between being able to take that next job that could very well launch the business to the next level.
  • Hiring the right people to fill in the missing gaps of where you want to be. When hiring employees keep in mind how we could best utilize someone’s skills and talents to fill in gaps.
  • Business consultants are great to fill in those gaps, because they come with experience and are able to see the bigger picture.
  • Stepping out in the spotlight using social media to be recognized can be key in opening doors for business. This is the most powerful tool that can be used to engage customers and drive growth, as well as learn about people’s opinions. Today, social media is transforming the way we see things and do business with 78 percent of companies now saying they have dedicated social media teams.