Lay a foundation for manageable,
profitable growth and ensure that
your business is designed to take
you where you want to go.
Lay a foundation for
growth and ensure that
your business is designed
to take you where you
want to go.
Worried that uncontrolled growth could tank your business?
Orders were rushing in, product was piling up, and John’s wife was burning the midnight oil to keep up with the bookkeeping. Chaos was about to overwhelm their budding venture, finishing it off before it even got started.
John and Will realized that if they did not act fast, their company would grow itself out of business.
Imagine having someone on your team who loves designing high-functioning businesses just as much as you love creating and distributing your product
Meanwhile, you get to focus on the parts you love – coming up with great products and getting others excited about them. You are confident that your business has everything in place to help it grow in a controlled, managed manner and take you where you want to go in the long term.
Inventors and Entrepreneurs are big-picture people –
but for a funded startup, the devil is in the details
After the initial round of funding comes in and a company enters its first growth phase, business-killing chaos can come quickly.
- When a business is getting off the ground, it is usually run on an ad hoc basis, with decisions made and things done based on gut feeling as each situation arises.
- With so many moving parts, it is often unclear what needs to be set up immediately to get to the next level of growth.
- The list of to-do’s seems endless – and you are cash-hungry. How can you take care of current needs and build a foundation for the future with limited resources?
There are many pitfalls along the path to controlled, manageable growth – but they can be avoided.
Each of the many parts of your business must be designed
and assembled to work in harmony with the others
A business, like a machine, is composed of many parts. Each part must exist within tolerance limits, fit together and work in concert with the others. The end result has to be that the machine does what you intend it to do.
Here’s how you create a business that works this smoothly:
- Design the operations of your business. Start with a thorough assessment of where the business is now and what systems are already in place – even if they’re chaotic!
- Get your team in alignment. Often, startups have the right people in the wrong roles. This can ultimately cause synergy or financial problems.
- Create an action plan to get your business to the next level of growth in a controlled, manageable way.
Walk the tightrope between out-of-control growth and stagnation
- Prioritize and deploy your startup’s limited resources so you can fill orders now while laying a solid foundation for the future.
- Craft a strategy for getting more capital – and a business plan to attract it.
- Carefully systematize your finances so you know exactly where you stand financially at all times, and can leverage your numbers to get access to more funding.
A machine is designed by an engineer. It’s tested and refined until it runs smoothly and is able to handle peak loads and run reliably for its service life. You wouldn’t trust someone without experience and expertise to engineer a product. Shouldn’t the same reasoning apply to engineering your business for manageable, profitable growth?