Five Tips on Preparing for a Growth Spurt

!cid_CF682DD0-D4EF-4328-A711-50E49F677CDC The top 5 tips weekly post is always full of hints and tips for small, home & micro business owners.

 

  • Consider hiring additional staff to cope with demand.
  • Change your role within the business – you may need to be less “hands-on” and start delegating tasks.
  • Consider letting go of customers which contribute little to the bottom line but take up a lot of your time e.g. constant complainers.
  • Amass some reserve capital in case you need to fund rapid growth. This does not have to cash, assets will also be valuable.
  • Get some form of outside help or advice to guide you through the turbulent changes that come as a result of success – even if the help only involves reading business books or speaking to a friend.

If you have additional tips, please share them in the comments section.

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