biz owners- what are some useful tips on how to avoid scaling too big, too fast?
Some insightful answers on here. In my experience, one of the most important strategies to avoid scaling “too big, too fast” in business is to focus on optimizing your business processes before aggressively pursuing growth. If things don’t work when you’re a small team, how do you expect them to work when you’re a big team? Numerous scale ups fall into the trap of scaling rapidly without first ensuring that their internal operations are efficient and sustainable, and when cash flow doesn’t meet expectations layoffs become inevitable, alongside the aftereffects of layoffs, like survivor syndrome (essentially remaining staff dissatisfaction), which only puts your business further back. Optimise from the start and your business has a much stronger foundation to build upon. As the saying goes, Rome wasn't built in a day.
Growing is great! Just obsessively check that all departments are still laser focused on your core customer…
Nail one niche/location at a time - then grow.
Build a Solid Foundation Before Adding Floors✅
Outsource where you can, leaving you to focus on strategy. Master one thing at a time. Growing slow is a good thing.
Don't only rely on full-time employees to get the work done. Build a flexible, layered workforce (aka leverage freelancers, part-timers, outsourced teams, and seasonal help).
I think is crucial how business owners deal with the pain of growth!
Set realistic goals and develop a growth roadmap based on your financials and market growth, and align your entire organization to them.📈 🎯
Whether you're launching a new project, starting a business, or even developing a new skill, the foundation is critical. Without a sturdy base, everything you build on top is at risk of collapsing. Take the time to lay a strong groundwork, address potential weaknesses, and ensure everything is secure. Only then can you confidently build upwards, knowing your efforts will stand the test of time
Navigating the HubSpot Salesforce integration | HubSpot & Salesforce Partner | 5x Salesforce Certified, Salesforce Ranger, & HubSpot Certified Trainer
4wGrow using cash, not debt.