Many start-ups are keen to begin scaling up, but what’s the best way to make sure you business is ready to do so? In this week’s ’15 Minutes To Action’ episode, Nick talks you through the areas you need to look at in order to make sure your business is fit and ready for growth.
- The fundamental elements to making sure your start-up is in a good position to scale, are systems and processes that can grow with you.
- Ensure you have as much automation in place as possible. These areas can include marketing, training, performance metrics, payroll and invoicing.
- Marketing cannot be overstated. No one can invest in your brand if they’re not aware of it. Outsource if needs be, but make sure you’re marketing effectively and perpetually.
- Bring in the right people and only the right people. Take the time to put the interests of the business first, and put aside personal feelings. Hire the people that you know will make your business better.
‘You can’t spend enough time making sure that you have the automation things in play’
‘Word-of-mouth is not a scaleable solution’
‘You want to be able to use this as a tool to sell your story’
‘A business is only scaleable when it has the right people on board’
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ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor.
My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds – with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development – showing up and being the best version of myself … every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations – so they can follow their dreams, live life more on their terms – utilising entrepreneurship as a global force for good.
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Nick’s website: https://scaleup.vip/NB
Scale Up Your Business website: https://scaleup.vip/suyb