5 Steps to Scale Your Business

Think big; Act Bold -No this doesn’t mean delusional daydreaming. It’s of virtually no use for anyone to sit around imagining themselves as sitting next to Bill Gates but how can you strategically go from $50 million to $500 million? This is thinking big.

Build a Public Profile - We no longer live in a B2B or B2C world. Its people-to-people (P2P) and because you’re the leader of your company, other people (read: customers, investors, advisors, strategic partners) want to know you, so build a strong profile accordingly.

Work On Your Business, Not In It - Most struggling entrepreneurs fail in this one area more than others: they’re focused on the wrong things. Yes we must get the work done inside our businesses, if you don’t focus on the key activities which move your business forward in a strategic way you’re doomed to stagnate forever.

Find And Establish Key Relationships And Networks - Entrepreneur Phyllis Newhouse, Founder of Extreme Solutions. She told a story wherein as a startup she cold called a very powerful and connected Centi millionaire, jumped on a plane and showed up on her doorstep with this simple pitch; “you need to know me.” The result? “We went to $25 million (in revenue) immediately.”

Yes -- it’s who you know.

Evaluate Financing Options for Expansion - Whether you want to expand your employee base, buy a new facility or develop a new product, one of the key elements in taking a company to the next level knows the kind of capital you need to support that growth.” So proper planning for your revenue generation is necessary, also not to rotate money but to be calculative and smart with your investment and profit generation.