Como você pode gerenciar suas finanças ao escalar sua pequena empresa?

In my experience having quarterly goals to reach and discuss with your team is key to make sure everyone is on board and keeping track on the progress. One of the best experience is to always have a calendar and set realistic goals that are attainable for example, reach out to 3 vendors by the end of the month. Once the month is up double check on what worked, what needs improvement, and what can we change for next expectation. Remember to always be motivated because a successful leader leads by example!

I suggest you plan to slowly grow your business until you prove your concept and can identify your target customer. It is quite likely that your planned target gets revised in the early stages of operation. This revised target are early adopters and you should focus your growth on companies like the early adopters.

It is important to know how the business is doing and we can take a look at this in many ways, depending on the industry. Some businesses would need to focus on seasonal financials to see what is the busy season and what is slow. This will help in monitoring and budgeting for the future. Other businesses would focus on growth by trends, marketing, and branding to help the business plan ahead for upcoming changes. Most business banking accounts come with cash flow monitors and tracking spending on statements to help understand what months are doing great and what months are needing improvements.

In my experience, having a successful pitch and confident voice can win people over to get them to invest or win grants. Having a strong representation that aligns to the goals on a specific grant or funding opportunity will get investors or judges to win you over. Do your homework and review what the need of the market and if it answers what the expectation and sense of direction the competition or pitch requires. Practice everyday to the point it comes natural like story telling, we don’t want to see note cards, we want to see eye contact, movement, and a strong voice with clear and normal pace presenting!

I interpret the question of "managing your finances when scaling" to mean "how go you ensure you grow profitably?" Most small business owners are frugal and keep their expenses within check, so the focus should really be on the revenue side of the business. On the revenue side, the most important thing you can do is ensure you are pricing your service or product appropriately and with the requisite profit margins. With service businesses, this is relatively simple - number of hours with the job or service, hourly pay rate of the person doing the work, and marking up the rate at the necessary rate to cover overhead and hit profit goals. The biggest mistake that business owners make is not valuing their time at the market rate.

For many businesses make sure you understand where you are at. Know the differences when it comes to sole proprietorship, Limited liability company, and corporation. Have an employee identification number and register under Dun and Bradstreet to register the credit score. Have trade lines in the business to become lendable, work on managing expenses and be compliant when it comes to hiring your employees. Find different ways of getting paid to avoid delays on your payments and access to capital. Remember, when you pay taxes on your business it is a good thing! That means your business is profitable and lendable!

Great points! I would also suggest considering cashflow forecasting. It helps set the stage for seeing the big picture and allows you to identify potential challenges ahead of time. This proactive approach enables better planning and informed decision-making, ensuring smoother scaling for small businesses.