A business is only as scalable as the flexibility of its moving parts. High operating costs, inflexible internal systems, and even a micromanaging boss all hold a business’ scalability back and prevent it from making lasting and meaningful growth. Global startups between 2015 and 2017 created a total value of $2.3 trillion; but starting a business and growing a business are totally different ballparks.
So how do business leaders know when their business is ready to scale up? By this time next year, 88% of small business owners want to increase their revenue, but many find themselves unable to keep up with market demand, increasing operating costs, and everything in between. Small businesses in particular struggle with scalability as the obstacles they face are incredibly similar to the challenges of scalability. For businesses with ten or fewer employees, 50% struggle to hire new employees, 48% have issues increasing profits, and 38% show serious cash flow problems. A push in the right direction towards scalability starts from within to be ready for more customers, more data, and more revenue.
For a truly scalable future, build for the business you want, not for the business you have. Scalable internal systems with room to grow are the backbone of every successful business; detailed in this infographic is more on scalability in business.
Infographic Courtesy of Brunner Consulting http://brunnerconsultinginc.com/the-art-of-scalability/
