The biggest challenge you’ll face at this stage is dividing time between a whole new range of demands requiring your attention:
Managing increasing levels of revenue
Attending to customers
Dealing with the competition
Accommodating an expanding workforce
It’s important to have clearly defined and communicated responsibilities. You need to have a clear picture of what your best customers look like - and what ‘profit hoovers’ look like, those customers who take up lots of time, haggle hard and typically pay late.
How you do the things you do needs documenting, you can do this by process mapping. A great deal of the responsibilities that were previously tightly under your control will need to be delegated to others.
Our business advisers can provide you with the advice and guidance you need to help you consolidate, innovate and optimise your business growth.
Delivered by Innovate UK Edge, Pitchfest provides an opportunity for our most ambitious and innovative growth companies to hone their...Read more
Your business is unique but the challenges you’ll face in business aren’t, we can help get you through them.
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