Trust me...you're nearly there!!! 10 practical tips to scale your business.
Kerrie Walton (Medlicott)
??People.Do.Work. Looking to grow, scale or exit your business? Let’s talk. ?? Use our Destiny Map?? to harness the full power of your team & guide your business to success.
At Forward Thinking we're on a mission to change the way the world does business by putting people first.
That's because we believe it will create "good growth", that is built on understanding the value you offer your customers and a clear purpose that excites and empowers all stakeholders.
Having thrived in businesses that do this, and left those that don't, I've learnt a few things over the last 20 years and want to share how I achieved what you're searching for.
Scaling a business is no easy task, you may feel that you've flatlined and can't see where to go next.
Without a compelling vision of your future, it will keep happening, you'll just keep hitting those brick walls.
Here's the thing: scaling a business isn't just about increasing revenue. It's about building a solid foundation for growth. You need to have the right team, the right systems, and the right strategy in place. And that takes time and effort.
Plus, the competition out there is fierce, You've got other businesses gunning for your customers, trying to steal your thunder. You've got economic uncertainty, political turmoil, and all kinds of other obstacles to navigate.
But hey, we're not ones to shy away from a challenge, are we? We've worked bloody hard for this, we're fighter's right, we deserve this, and we thrive on adversity. So if you're looking to scale your business, don't be afraid to roll up your sleeves and get stuck in. It's gonna be a wild ride, but if you've got the passion, the drive, and the talent, then anything is possible. Have a look below, we've got 10 really good practical tips for you to read then implement into your business, and if you need help - just give us a shout. This is what we do!
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1 - Get your team sorted: You can't do it all on your own, so make sure you've got a team that's up for the challenge. Hire the best people you can find, train them up, and get them fired up about the mission.
2 - Nail your strategy: You can't just wing it and hope for the best, you know what I mean? You need a solid strategy that's going to get you to your goal. Do your research, set your goals, and make a plan, understand your dream buyer better than they know themselves
3 - Be clear on the value of your offering: know the problem you are solving, the value that brings and price accordingly. Avoid the trap of standard mark ups or time based costings - you could be selling yourself short. And if the margins aren't enough review your offer. Give your customers something they can't get anywhere else by looking at your full service offering, whether it's through partnerships, new products, or innovation.
4 - Maximise your full organisation: Scaling a business isn't easy, if you and your management team can lead those around you to use their initiative and take calculated risks without a blame culture, you'll see proactivity and productivity increase.
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5 - Embrace technology: Technology can be a real game-changer when it comes to scaling a business. Whether it's automation, software solutions, or cloud-based systems, make sure you're leveraging the best tech available.
6 - Streamline your processes: Time is money, so make sure you're not wasting it on unnecessary admin and paperwork. Streamline your processes, eliminate bottlenecks, and focus on what really matters.
7 - Get your finances in order: Scaling a business requires investment, so make sure your finances are in order. Get your books in order, raise capital if necessary, and keep a close eye on your cash flow. (create a cashflow forecast weekly)
8 - Build strong partnerships: No business is an island, you know what I mean? Build strong partnerships with suppliers, customers, and other businesses to help you reach your goals. These partners will become your best friends.
9 - Focus on customer service: Your customers are your lifeblood, so make sure you're delivering top-notch customer service. Listen to their feedback, respond to their needs, and go above and beyond to make them happy. Work out what your WOW is.
10 - Celebrate your successes all the time!!!: Scaling a business is tough, but it's also incredibly rewarding. Make sure you take the time to celebrate your successes, big and small, along the way.
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Forward Thinking is here to help ambitious (and?probably frustrated) business?leaders achieve their vision for growth.
My purpose in life is to help you build a strong empowered team to help deliver your goal. I'm more than a Coach, Consultant or Advisor. I'm a Sherpa, "The Guide By Your Side" to help keep you on the right path. Having spent the last 20 years in the real world, in multinationals to scale-ups, provides me a unique perspective on what it takes to grow and scale businesses of all sizes.
Powered by the award-winning Success GPS system, your business transformation really is just one step (click!) away. https://www.forwardthinking.ltd/south-manchester
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Educator ? Author ? Artist Ex teacher, ex business owner, ex womb owner, ex suicide attempter, endo sufferer. Now sharing my journey, the little nuggets along the way that have given me my superpowers to help others
9 个月That is a fantastic post! Amazing tips! With guides like you by our side… we can change the way the world does business!!