Are you, as a small business owner, ready to grow? It seems like a lot of entrepreneurs have the same aspirations, but not all of them are ready for it. Is your company ready?
What Is The Rush?
It may be pressure from external sources, such as investors, or maybe you're a salesperson at heart, and not necessarily a manager. Growth for a salesperson means more sales, but now there's a new skill you must master: implementation of operations to deliver. Working for other companies, this was probably never a issue for you. But now, company sales can't escalate nearly as fast as you'd like.
Whatever the reason, managing growth is just as important as creating it. Large companies have to manage their growth to make sure that current sales and projects can be delivered without compromising quality or their promise. If hiring can't keep up with the delivery of sales, eventually the service or product offered will lose value and growth will become negative.
Make sure that the growth of a company is handled responsibly. Any thriving company can fail just from under-delivering on their promise. Know that you're doing the right thing and that stagnant revenue is perfect for some entrepreneurs. Just listen to yourself.
Ready to Hire?
Is there enough cash in the bank to make sure that your new hire is going to get paid? Monday is a quiet, lonely place for a small business owner who was not able to make payroll.
However, there are a lot of benefits to hiring. Delegating tasks frees you up to make sure you can accomplish what the business demands or allows you to network and create more sales.
Are you ready to give up a little bit of your control of the operations?