Scale-Up Your Processes For Business Growth
Updated: May 14, 2020
Are you looking to scale-up your business process and systems while letting go? – Welcome to the everyday entrepreneur challenge!
“Without continual growth and progress, such words as improvement, achievement, and success have no meaning. “ – Benjamin Franklin
Every successful entrepreneur knows that business growth and diversification rely on you having the ability to delegate and take a step back from running the show.
As such, every startup should have a solid growth strategy plan, and every strategy must include:
Your value proposition and selling point
Target customers and market segment analysis
Efficient People and Talent Management hiring systems
Optimized Process and Systems
Performance management and KPIs
Prudent financial control and budget forecast plans
Scaling up a start-up business is typically a 10% strategy and 90% execution, which is where robust processes and systems come in. Your processes – the way you do things – can even be a source of competitive differentiation, especially if you’re able to systemize and automate effectively.
All start-ups and entrepreneurs reach the point where their business is scalable, and they’re ready to grow.
Identify the Process & Pain Points
We get it! Your start-up business is a product of your conception and successful delivery. You nurtured it through the early stages of life; observing as it first crawled, then rose to walk among others in the business world.
Just as a child is prepared for their first day of school to scale up your baby, you must now be ready to ‘let go and watch it grow!’. Falling and scraping a knee is a common occurrence for maturing children. What does a grown-up do in these situations? The parent or guardian applies an antibacterial ointment to prevent infection in the area.