Growth is a problem that every startup owner would love to have. And while owning a growing company is the dream for many, not having the resources, the knowledge, and the help you need to manage that growth can be more damning than any low funding round.
We asking six entrepreneurs what you can do now to make scaling your startup easy later on. Check out their answers below and find out how to manage your company's growth:
Build Organizational Structure, Communicate and Automate
Make sure you have the right team members in the right roles, trained, excited, and ready to go. Ensure organizational processes are defined, understood and followed by all. Automate whatever makes sense in your business to increase efficiencies. Make sure communication is open and flowing for streamlined operations.
– Abgeka Delmedico of Elev8 Consulting Group
Document Your Systems
When you're starting out, you have more time than you do clients, but that won't always be the case. Take some time early on to document your systems and processes. Make these documents easy to update so you can make changes over time. Having your processes documented will make it so much easier to hire contractors or employees when you have more clients than you do time.
– Jules Taggart of Jules Taggart Marketing
Invest in Scalable Infrastructure
IT architecture is often one of the biggest roadblocks where scaling is concerned. Building your network and systems to be scalable off the start. For example, invest in virtualized or cloud infrastructure to ensure that when the time comes for business growth, you’ll be fully capable of expanding efficiently.
– Steven Buchwald of Buchwald & Associates
Organize Your Data
As your business scales, there's a good chance that the technologies and platforms that you use to communicate with customers will change. As such, it's important to organize all the data relative to how you drive revenue so that it's possible to easily transition into new tools and avoid missing out on dynamic opportunities.
Justin Moodley, avid entrepreneur
FounderSociety is an invitation-only organization comprised of ambitious startup founders and business owners.