Every new business is a small business, but that’s the way to some stay for the entirety of their lives. But why would you want this? Just because you started out small, doesn’t mean that’s the way it has got to stay.
I understand that trying to make it big is intimidating. It doesn’t matter what industry you’re in, there’s going to be one massive company dominating the market. Rather than fearing them, tackle them head-on and maybe one day your company could be the one dominating the market. If this is what you want, here’s how you can slowly start transitioning from a small business to a larger one.
Size matters, with anything in life. But with business, size is everything. A company should grow and grow, both in profits, team size, office space etc.
When you first start out, you’ll most likely be running your business from your own home. If you’re still doing this, then it is time to get your own office space so your business can actually move forward. All you need to do is have a browse through websites such as offices.net, and see what small offices they have available for you.
The next step is slowly increasing the members of your team, and I mean slowly. One of the main reasons why so many people mess up is because they try and do things too fast. If you’re employing someone you’re giving them a livelihood. The last thing you want to do is have this taken away. When you have the profits and need the help, take the leap.
Internal processes can be an absolute nightmare to manage. Things go wrong left, right and center, and some businesses just never have smooth internal processes. So, find a way that you can streamline things. If you have a production line, then I highly recommend you use software to track progress.
If at different points of the production line you have a quality checker who inputs information into software that is available if you have a mooch round on the internet, you’ll then be able to see what product is where. You can then check for any delays, and solve issues as they come in. It’s much more effective and easy to manage than relying on word of mouth. That’s where things can get really confusing.
You should always be looking for ways to improve. From the way that you run your company, to the way your customers view you. There’s always something that can be improved, so don’t be fooled into thinking you’re running the perfect business. Make sure you’re doing things such as internal company questionnaires to see your employees views, and market research to see what your customers would change about your products or services. I highly recommend Expert Secrets by Russell Brunson for help in making improvements in your business.
So, do you feel as though you can expand your business now?