Efficiency is the name of the game at Agents of Efficiency (obviously) so we’re making it even more efficient for you to improve your business. Every week, we sort through all the boring stuff to bring you the best tips from the wide world of the web. For this week’s #2tips4tues, we look at business growth decisions and two signs it’s time to expand.
You Are Turning Away Customers
The most obvious hint that it’s time to scale is that you find yourself turning down lucrative opportunities due to a lack of time or resources. Business consultant, Andrew Deen explains the process: “Over time, success will start to show through your business’s capacity. Your business should be creating a larger client network as well as nurturing the ever-increasing baseline.”
Your Infrastructure is Reliable
Another factor Deen addresses is a business’ capacity to support all of the changes it will undergo. This is something an entrepreneur must pay close attention to before and during a phase of growth. Are your products fully prepared? Are the processes you use each day sufficient, or do they need tweaking before you expand?
Not only does this include things like inventory and supplies, but your team as well. “You will know when your team is ready for a change because of their attitude. They will be interested in more than just their job; they will be interested in the future of the company.”