There comes a time in every small business when everything is going right. Every process is working like a charm, and the product is flying off the (metaphorical or literal) shelf, so now comes the big question that you need to ask yourself. Do you keep going as you are, or do you begin to make the business bigger and, hopefully, better? Scaling up is a natural part of success in a small business, and I assume you didn’t come into it to be successful to a point? Total world domination was very likely part of your strategy, so you need to make everything bigger and better, but this comes with inevitable teething problems. How can you begin a scale up operation successfully with as few of these problems as possible?
1. Become More Defined in Your Goals
If you had one person doing your IT before, in order to meet work quotas and demand you will need to start breaking down the IT role into smaller factions. SEO, content, and social media are all parts of the IT spectrum, and to give your business an easier transition into operating on a larger scale, making each role more specialised and definite in their duties will be a big help. As part of any change in business, the people that were doing the roles originally may feel that they are being demoted in some way or they could feel that their duties are being taken off them. But by focusing them down to one task is an inevitable part of expansion.
2. Understand Where to Place Your Funds
As scaling up in the eyes of a startup can mean robbing Peter to pay Paul, the question of where to place your funds is something you really need to nail down. The task of saving money is tough when upgrading every part of your business so you may need to acquire additional resources to help you through this difficult transition. Obtaining an affordable loan repayment will help you to put enough capital into the most essential areas. And by being able to pay off the loan bit by bit after you have made the upgrades, it won’t feel like much of a stretch on your business bank account.
3. Hire the Best Types of Leaders
When upgrading your company, you need the best people to manage the teething problems. There are leaders who buckle under the pressure, and there are others who will know how to roll with the punches. The best people who can achieve results during a difficult period for the business will be an invaluable asset to the company, so when you are looking for the right leaders and motivators, it can be easier to go for those who have a wealth of experience. But if they don’t fit in with your original image of the startup, don’t hire them purely because they can crack a whip. Upscaling may mean a lot of change, but it still needs to be faithful to your original idea.