Scaling an organisation involves preparing for the present and planning for the future

It’s the goal of any entrepreneur to grow their business into a larger, more successful brand, but the path to scaling a business is not always straightforward. Careful planning and execution are required into order to scale your business successfully and avoid common pitfalls.

In order to improve daily operations and grow revenue smoothly, entrepreneurs must focus on developing the right team and introducing the right processes and systems to meet their needs. With these factors in place, you can start scaling your business and reaching your goals faster.

With that in mind, here are our top tips on how to successfully scale your business.

Take your book-keeping online

Balancing income and expenses is essential to keeping your business afloat, with a primary aim to minimise costs and maximise revenue. Switching to virtual book-keeping can help save money and maximise efficiency, with many digital software programs available that can expand and grow with your business.

Taking your book-keeping online means you only pay for exactly what you need, which can benefit your organisation throughout seasonal fluctuations.

Back up your data

Data loss can cost your business huge amounts, and cause irreparable damage to your efforts to meet certain goals. Whether due to malicious cyberactivity or equipment malfunctions, the work you’ve put into the progress of your business growth can all too easily be undone in one fell swoop.

Which is why protecting your data with backup online storage is so important. Cloud-based storage solutions allow you to protect your vital documents even if your hardware fails, and it can also be scaled up or down depending on your business needs.

In a world where cyberattacks are becoming increasingly common, protecting your business assets has never been more important.

Do your research

In order to scale your business successfully, you need to understand who and what you’re catering towards. This all adds to the ultimate task of understanding your business inside and out.

Ask yourself what are the key points of your target market, what are your competitors offering, and what can you do better? This will help you determine your unique selling point (USP) and give you the foundation you need for a successful scaling strategy. You can then track your progress and revise your plan as needed, taking your business to new heights with proper research.

Research turns investing your time and money from a guessing game to a calculated progress journey. Without knowing your business inside and out, investing in people and processes can either be the right choice for you or end up straining your brand, and you’d have no way to be certain until it’s too late.

Make quality the focus

As your business grows, you’ll need to put in effort to keep the focus on quality. It can be tempting to cut corners to save time and money, but this ultimately leads to lower standards which will no doubt be picked up on by your customers. Successfully scaling your business means streamlining processes without sacrificing quality.

Investing in equipment and training can encourage more efficient work in your business, increasing your revenue in the long run. As your client base grows, you’ll need to move from a one size fits all approach to a business strategy that’s more tailored to your organisation’s specific goals and requirements.

Whatever you are seeking help for, TEDCO Business Support are here to help.

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The team at TEDCO Business Support has helped thousands of businesses to grow, supported by the European Regional Development Fund (ERDF), so we’re here to support you.

Get in touch today to see how we can help you. Give us a call on 0191 516 61 02 or drop us an email at hello@tedco.org.

What we offer

TEDCO offers one-on-one support provided by a dedicated team of business advisors and a range of pre start seminars available to clients who are taking the first steps into self-employment. This could be looking at an initial idea and developing it further, looking at how to start a business plan, business competitors, business marketing.

Are you eligible?

If you are looking to start and grow a business we’d love to hear from you. Our friendly team of experienced Business Advisors are on hand to take your call to discuss the support available.

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