Posts Tagged ‘strategy’
Keep this in mind when scaling, growing, your business
Scaling a business is not just growing a business. Growth is about size; if you have a group of five people working on a task and you add another five people you increase the size of the company. However, if all ten people are working pretty much as they were before then, you haven’t achieved any scale benefits. To scale a business, you must get more growth from everything you put into it. So you do the work of ten people, but with seven people. Scaling goes beyond size and gets to efficiency.
Read MoreWhat a strategy is and why you need one
What is strategic planning? It is the process of defining what actions you are going to take to get your business to the next level. Strategic planning guides your actions on Monday morning, and through the end of the planning process. A good strategic plan keeps you on target and ensures that you are building something valuable.
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