When you scale up your start-up, new challenges will arise. One of which is how to raise funding to expand your business at a faster rate. You have a few options to finance your growing venture. Two of the biggest are debt financing or equity financing. Debt financing and equity financing Debt financing involves borrowing money from lenders, given that…
Businesses create strategies with the intention of succeeding, but these plans can sometimes fall short. And when failure happens, it can be frustrating for business owners since they’ve spent a lot of time and resources. In order to avoid this fate, especially for scale-ups that are gearing towards growing exponentially, it’s important to understand how business strategies fail. The reason…
Whatever the reason you think it could be time to scale-up your business, taking the leap and making the decision is an important step. It’s not something to rush into unprepared. Making changes on the scale seen by scale-up businesses is something you shouldn’t do until you’re ready. When are you ready, though? This can be much harder to figure…
When you make your business plan, you set out what you want the future of your business to be. No matter how experienced the planner, no one can accurately predict the future, and it’s good to recognise when it’s time for the business’s path to change. There’s a few situations where going back to your business plan is a good…
Strategic direction is important for any business, but it’s particularly important when scaling up your business. A Scale-up business has ambitions of growing quickly with a significant upwards trajectory, which isn’t something to rush. The successful execution of a strategy requires clear and concise goals, as well as a plan to achieve them. Without a strategic direction, a business can…
Marketing covers a large variety of mediums and approaches, each with their own experts, techniques and necessary connections. It may not be sensible to try and handle every element in-house. In these cases, outsourcing to marketing agencies may be the way to go. You want to be getting the best from your agency, so it’s important to hire the right…
Returning customers is crucial to a business’s success. It’s important to draw in new customers but if you can’t keep them coming back, then they’ll eventually run out. Maintained growth needs to be maintained by consumers. Customer retention should be a key part of your commercial business strategy. Loyal customers are cheaper to generate leads from, open to bigger sales,…
Poorly implemented IT often comes back to haunt a business and hold back its growth. A big part of this problem is that many businesses don’t really think about their IT until it’s too late. By following these 7 tips, you can get your scale-up IT right from the start. 1. Strategy and ownership When you’re scaling up a business,…
Post-Brexit, investing in Europe and internationally has become a very different proposition for UK-based investors using Pound Sterling. Mutual access to financial markets was curtailed after the UK left the European Union. The Trade and Cooperation Agreement contains only a few provisions for financial services. The EU has access to some parts of the UK’s financial markets, but the EU…
Your marketing strategy sets out how you’ll bring customers to your business, so it’s important to get right. Using marketing strategy tools is a great way to make sure your strategy gets complete coverage. The following few tools can be used in your next marketing strategy meeting. The Marketing Funnel Consider how you communicate different stages of your marketing process.…
