Running a business is no easy task. Like a plane venturing out into the vast blue sky, you never know when you’re about to meet some turbulence. Much less, predict when the weather suddenly decides to go awry. Even with all the tools that you currently have, there is always something to innovate in your business — and actively searching for those things is what will separate you from the rest of the competition.
If you’re feeling stuck recently as though you’ve hit an invisible ceiling, it’s probably because the current systems you have within your company have already been exhausted. This means that you feel stuck because your systems literally can’t grow past its current limitations (learn more). This is why business innovations exist and why they are needed.
If scaling fast is a top priority for you as a business owner, expect to hit these ceilings a lot. You will keep outgrowing the box your company is currently in and move into a bigger box. The faster you realize that your systems are about to hit their breaking point, the faster you can rise up and adapt to bigger challenges.
The bottom line is that if you want to speed throttle your way to success, you got to learn how to play at least two steps ahead of the game every time, all the time.
These four tips can help you out.
3 Tips You Don’t Want To Miss If You Want To Scale Your Business Faster
#1 Goals Are Overrated; Figure Out What You Can Sacrifice Instead
You heard that right. This goals-setting culture has been shoved down our (entrepreneurs) throats for the longest time. Many business mentors, life coaches, and success gurus would tell you that having well-defined goals is your ticket to success. While it’s not completely off-base to think that way, it’s also not giving you the full picture. Goal setting is in the same category as writing down your new year’s resolutions only to drop them three weeks later.
Instead of just setting goals, also think about what you’re willing to sacrifice in the process. If you focus on the actual work involved and commit to those, you will naturally achieve your goals in the process.
For example, you want to get your business to six figures, you need to ask yourself:
How much time am I willing to pour into marketing?
Who am I willing to hire (or let go of) to achieve the outcome I want?
How much am I willing to spend?
Can I give up one more rest day in the week or one more hour of sleep?
If you focus on the things that you’re willing to do to realize your goals rather than just keep setting new goals up, you’ll collapse the time it takes for you to actually achieve those goals. Check this article out to see what some of the most successful people had to sacrifice to get to where they are: https://enterpriseleague.com/blog/things-successful-people-sacrifice-to-achieve-greatness/.
#2 Update & Innovate Your Business Systems Regularly
What took you to your first $1000 will not take you to $10,000, and what takes you to $10,000 won’t take you to your first million. Businesses operate differently at different levels. This is why your systems fail when your company reaches a certain threshold. It’s because they are not equipped to handle the systemic pressures that come after that point. Thus, you can only continue growing if you innovate and adapt your business to the requirements of this “new level.”
And this includes all facets of your business — from operations to finance, HR and training, down to client fulfillment and retention. You have to update these systems regularly and increase their capacity to handle more internal and external demands if you want to expedite your business’s growth. Luckily, there are industry leaders like FacilisGroup with promotional product software that can help your business implement cutting-edge systems to break past your current ceiling.
#3 Invest In People
We’ll never get tired of saying this: your employees are your company’s biggest asset. This line never gets old because it rings true no matter the era of business, we’re in. And by investing in people, we don’t just mean handing out employee of the month badges or throwing pizza parties at the office. We are talking about genuinely investing time, effort, and attention to build a real relationship with them.
Most times, employees don’t stay for company benefits, annual bonuses, or work recognitions. Those all play a part but they’re not everything that there is to it. People stay because of people — colleagues, subordinates, managers, and bosses. Taking time to get involved with them, asking them what they like to do on the weekends, or what their next home renovation project is can create more genuine bonds between you and your employees.