For most business owners, especially entrepreneurs and small business owners, having more time and money would be great. More time to do things, and more money to do things, such as marketing, payroll, and expanding the business. But it can be hard to find the time to do anything when you’re focused on try to get the business to grow or scale at all. Yet having a business be able to scale is a must, especially for a startup, so it can grow and be able to adapt to larger workloads without losing any revenue or impacting performance. So how does one start to scale a company?
A few tips to prepare your business for scaling:
1. Have the fundamentals ready. This means to: make sure your product fits the market; find out who your core users are: find which channels have the best ROI and scaling potential; and make sure you have all the resources you’ll need to scale.
2. Automate whatever you can. Have some cloud storage set up, have training processes set up for new hires, automate marketing and payroll, and automate billpay.
3. Increase your marketing efforts. Keep in mind that things like direct marketing and word-of-mouth are not scaleable. Content marketing, on the other hand, is one of the more scalable types of marketing.
4.If you need money for growth, find some ways to get some. Be creative. Look into things like crowdsourcing, bootstraping, grants, contests for businesses, etc.
5. Think of ways to boost sales. Also, do you have a sales structure in place to generate more sales? How can you generate leads? Do you have people to follow up on on leads? Do you have a system to manage orders? What about a billing system?
6. If you have any non-essential tasks or roles, outsource them instead of having them be done in-house.
7. Keep an eye on your social media. It’s a great tool for company visibility, but you want to make sure you don’t say or do anything to cause any PR fiascos.
8. Make sure your company can function fine when you aren’t there. Shift some of your responsibility onto someone else, so the company can learn to run independently and make money while you’re gone.
9. Hire the right people who are necessary to the operation of your company. Those who can help you scale are those who can do what programs can’t, are filled with great ideas, and have multiple skills.
Some ideas for how to scale your company:
1. Use proper SEO techniques.
2. Share content on a blog and social media.
3. Connect with influencers to build contacts and get them to endorse your company and products.
4. Run contests and giveaways as a marketing gimick.
5. Create a lead magnet and build a sales funnel to draw in more customers and get gain more sales.
6. Use a PR tool like HARO to get more press/media visibility.
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