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Get Ready for Growth or Ruin Your Business!

It’s every business owner’s aspiration to grow and expand. The BIG question is; are you prepared for growth? What happens when sales start pouring in, more people want to partner with you and you need more hands to help out? These are all signs of growth and if you aren’t prepared, you may ruin your own business!

Growth can become a Setback if It Lacks Systems

As said earlier, growth is what all entrepreneurs crave for in business, but it can also become a setback if there’s no readiness to absorb the growth. Solid foundation and systems are essential tools for managing growth properly to the benefit of your business.

This “Orrah Effect” which means crippling of business because of unpreparedness for growth is common to average entrepreneurs. So, don’t be so assertive and say “it won’t happen to me!” — except you have made the necessary preparations. Your focus is to build your business, to target where you aim at in the future, not your present state. When you do this, you will be able to meet customers and clients’ needs at all times, so that they do not turn away to where there’s no supply seizure.

Adopt a Forward Thinking Strategy

Putting the systems that would help you manage growth properly is not an uphill task. The best part is that you will even spend less on achieving this. Thankfully, the internet, varieties of software programs and advancement in technology are helping to simplify processes. Besides, you can adopt outsourcing to partner with others in order to achieve things you couldn’t do on your own.

Case Scenario: For instance, for someone who runs a digital marketing business and offers lectures/courses on digital marketing tips and strategies to individuals, small businesses and even large corporations — the corporations, for instance, find what you teach useful but cannot implement your suggestions due to lack of bandwidth.

Now, they are asking if you can help them with the implementation. Instead of declining, you should just partner with a web agency that specializes in the technical aspect of digital marketing – you can find the best hand via outsourcing platform. Subsequently, you will mark up the fees you charge the corporation and make the implementation aspect appear to be also an aspect of your digital marketing.

The same model described above can also be applied to other types of businesses. The point here is that you’re putting the right systems and structures in place that will help you handle growth and expansion. You have the future in mind as you build your business.

Indeed, you can kick off your readiness and preparation for growth by starting out with the tips above.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.

One Response to “Get Ready for Growth or Ruin Your Business!”

  1. The information was very crisp and clear. Channels like yours are the good reason of you tube’s existence. Made my day, motivated with a boost in self confidence to step up my career to a consultant from a Business Analyst. I would like to ask some doubts in detail in a personalized email. Will that be possible ?.. Thanks for the video btw. :-)

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