Your business is scaling: what 5 things you need to know now

When it comes to growing your business, there are a number of common challenges faced. You thought the hard part was over once you established your business, but scaling brings new challenges and different dynamics that the owners and directors of the business need to deal with.

First, What Are Scale Up Businesses?

Simply put, they are those of high growth that can increase their turnover by at least 20% for 3 consecutive years whilst creating employment opportunities. 

If you see a scale up opportunity in the future of your business, you really need to have a clear strategy to give yourself every chance of success. 

Here are my 5 steps to scaling up your business.

1. Talent & Skills -Its important to get the right level of talent and skills, at the right time.

2. Finance - You must have your finances in order and monitor the right numbers.
   

3. Markets  - Make sure that you are targeting the right people, in this crucial time.

4. Leadership Capacity - Take a long hard look at yourself.

5. Infrastructure - Your infrastructure doesn’t have to be inflexible.

Tackling these 5 challenges correctly can help your business scale up. If you would like some help in achieving this