Rapid growth can be a double-edged sword, as you journey towards a successful exit from your business…
So it’s vital to effectively manage the downside risks.
📈 Cash Flow. Rapid growth often requires more working capital, straining cash reserves. Make the right decisions upfront, to avoid over-trading, over-leveraging, or using the wrong kind of investment partners.
📈 Infrastructure. Put the right foundations in place (everything from tech, people, legals and systems) beforehand – not as an afterthought. Foundations go in first, not last 🙂
📈 Your Mentality. Scaling up can be perceived as a loss of control. It’s one of several challenges which owners will face. Glass ceilings are often self-imposed, to avoid changing your mindset and making uncomfortable decisions.
📈 Market Dynamics. As your business scales, the dynamics inside AND outside your organisation changes. This will create a new set of risks, so be aware of them.
📈 People. Your org chart and culture are both important. A structure which supports the next stage of growth and allows you to attract and retain the right people for the next stage is all-important.
📈 Expertise. Navigating these challenges and unlocking a successful exit for your business, requires the right kind of partnerships.