how to grow business Georgetown TX

Entrepreneurs work long hours and dedicate their lives to get their businesses on the right time. When success happens, it is certainly cause for celebration, but also brings new challenges! How do you know when it is time to scale your business? After all, if the business starts to scale without truly understanding who the customer is or whether the demand is sustainable, the growth can derail quickly.

The Right Time to Scale Your Business

Creating a business that is scalable isn’t easy, but it’s necessary if you intend to grow –and grow some more. Scaling your business means you're able to handle an increase in sales, work, or output in a cost effective and reasonable manner. While there isn’t a magic formula that can tell you exactly the right time is to scale up your business, there are many things you should have figured out before you decide to take that step.

Here are three simple ways to tell if you’ve created a business that is scalable.

  1. You Have Positive Cash Flow Figured Out.
    You’ve successfully built a reliable month-to-month revenue stream or monthly recussing revenue. It’s money that you can use to invest further into your business –  whether it’s to pay for additional employees, technology, systems and processes or all of the above.
  2. Everything Has Been Delegated.
    Delegating is hard for many entrepreneurs. You want to have a hand in everything. But when your team keeps everything running – and everything runs even when you’re not there – you’re in a great place to scale up.
  3. You Have More Control Over The People You Get To Work With.
    Basically, you can start to shape your client base. If there is someone you want to say no to (say you don’t have the full resources to fulfill their needs or they’re just not a great fit), you can move on guilt-free.

If you have these three things in place, you have the foundation to scale up safely and to create the business you’ve always wanted. If you're not sure how to scale your technology as you grow your business, schedule a free IT Consultation today:  (512) 388-5559