Are you an aspiring business owner with an idea to grow into a business, but unsure of how to turn it into reality? Are you already trying out a business strategy, but it isn’t producing the results you expected? One solution to your problem is to simply create a strategic business plan. A business plan is a written document of…
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…
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…
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…
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,…
Scaling up is an important step for your business. Preparing to become a scale-up business is something that requires due care and attention. Your business will change a lot, and you need to make sure you’re able to handle it. It’s important not to rush into something like scaling up, but to choose your moment carefully once you’re ready. There…
Getting the investment your scale-up business wants will ultimately come down to the calibre of your people. People pitch businesses and they need to convince the potential investors that their money is in safe hands and that they will get a good return on their investment. You need to prove that you are investor-ready. The investors will look at the…
Do you have a laser-focused, crystal clear, bang up-to-date company strategy that your entire company has confidence in? Does every employee know exactly what they need to do to contribute to growing your business? If the answer is not a resounding “yes” then this article is for you. Every business is different. The one commonality in all successful businesses, however,…
You had a great idea and showed the fortitude needed to turn it into reality. That’s what got your business off the ground. Hard work, knowledge and instinct then ensured that you got things up and running. Now it’s time to grow. Scaling up a company in any industry or niche is a challenge. You have to find the right…
The process of finding the right Directors for your Board isn’t always easy. As you begin your search, ask yourself the following questions. Use your business plan as a guide. What are the goals you have set out to achieve, who can help you achieve them, and where can you find them? Which roles make sense to hire in-house, which…