Scalability: Ready to Shift Gears?
Entrepreneurs and executives, alike, need to design (or redesign) solutions that make business expansion lucrative and relatively painless. Successful work effort relies on tools, processes, and strategies that must accommodate additional growth or scalability. It is much more efficient to establish best practices on a small manageable scale, before the workload makes development and adjustments too burdensome and expensive.
Business Model: Reducing or minimizing costs while growing revenue is clearly the best model. I know, "Thank you, Captain Obvious!" Seriously, think about the expenses you are incurring, will they remain constant or increase as your clientele increases? Are you providing a product or service that can be delivered to many people the same way?
Technology Solutions: Very few businesses operate without a technology component. Using automation and tracking solutions make scalability much easier. It is best to choose a good foundation along with processes and documentation. Then test, test, test them before your experimentation foils a good client experience. What do you need to reconsider for automation? Are you tracking (and responding to) the correct metrics?
At each stage of a business, certain needs come to the forefront. When you consider your business model, technology solutions, and human capacity, where can you make long term expansion easier and less expensive? It may take more short term investment to shift gears, but it is best to have a sound foundation before your business grows exponentially!
Join a Synergy Group where we will discuss what the Bible says about making plans and using trusted advisers as it relates to Scalability.
The post Scalability: Ready to Shift Gears? appeared first on Leading Synergies, LLC.