The scaling train is most definitely one that you don't want to follow. But it's a train that so many businesses jump on, and then instantly regret when they realise the timing just wasn't right for them. But when all you see is people moving on up with their business, and doing things to scale it that you think you could do, then it's easy to think that you should be doing the same thing. But what works for one business, might not work for another. And even with the businesses who you think are scaling and doing well, you can never be too sure what's going on behind closed doors. So, we're going to try and show you the steady increase that we think your business should be taking, and how it's going to benefit you. There's only so many moves you can make, before you're making too many. So hopefully this article will help to keep you on track just a little bit!
The Wrong Time To Scale Your Business
There most definitely is a wrong time to scale your business, and you don't want to be the one that's trying to do it too early. As we said in the opening section, a lot of people chose to scale their business early because it's what everyone else is doing. But you don't know what their financial situation is, their motive is, and just what they're planning on doing in the future. So the wrong time to scale your business, would be when your financials aren't ready. If you've had a month or two of good business, this is not the time to make any serious moves. You need to be making your moves when you've had months of consistent good business, which has allowed you to save some big money with your business. If you still feel like you're living on the cusp, then you're not ready to scale your business.
Small Moves You Could Make
There are some small moves that you could make, that would help make your business more scalable in the future. The first move, is to move your business location to a big city one, if you haven't already done so. If you view property to let, you should be able to find plenty of city locations for your business. What this does, is put you in a prime business location, makes your business easier to scale when the time is right, and opens you up to opportunities that you might not have had before.
Slow And Steady Wins The Race
Slow and steady most definitely does win the race, and it's up to you to make sure that you are taking things slow and steady, so that you get to where you need to be. Making small business moves, and spending as little money as possible, is definitely the way forward until you find your feet. Borrowing money or spending money you shouldn't spend to make a business move is not the right way to do things.