Scale your business : The upside is unlimited, the downside is capped
Scaling your business means setting the stage to enable and support its growth.
Scalability describes a system’s capability to adapt easily to increased workload or market demands.
Here are some of the indicators that you need to scale your business;
- Your employees (and yourself maybe), are overwhelmed with the current workload
- Your business leads or prospects have continued to increase,
- You’ve turned down business because you don’t have the capacity to afford the extra work,
- You are well-surpassing your sales goals or targets,
- Business cash flow has been quite stable or stunted.
To Increase your ability to handle your business’ growth do this;
Get to know your customers:
Like, Really understand them inside out, embrace feedback, you will realize that you don’t know that much about your product or service. Every interaction you have with your customer is an opportunity to know what they think and how you can improve in meeting their needs.
Take your business online and embrace technology:
As a business person, If you’ve not been living under a rock, the pandemic has taught you that the importance of having a digital presence and strategy can not be overstated. The business ground below us has shifted and consumers no longer want to break a sweat, with a few key clicks and swipes, they want 24/7 access to their product or service needs.
You have to make it ridiculously easy for your customers to buy your product or service.
Consumers are incredibly fickle and they have options that are constantly fighting for their attention.
Click here to cut through this noise by setting yourself up as the easy convenient choice.
Enhance your team and build collaborations:
If you are a “muyilibi” (small business owner/ hustler), you probably don’t have a team and you wear different hats as your business day goes on but, to scale you’ll need to invest in building partnerships and rapport, you’ll need to outsource some of the tasks in order to keep up with your business’ growing demand.
Buy some insurance
“🤦♀️Ahh , Here we go again…” you’re probably thinking…
Holdup ✋, before I lose you, I know you’ve heard that before and you think its cheesy and cliched but, Insurance has many use cases now and its going to help you scale. Read this 👇 for more on how.
https://cigf.medium.com/reasons-why-saving-through-insurance-is-totally-worth-it-995b4cf6f64f
Ruhunda Pius
Cofounder Myfy
