Business Growth
10 Tips to Scaling a Small/Midsized Business
Hardly anyone focuses on the challenges you have as a leader of a small business that is established and growing. It really doesn’t matter if you are a leader with around 20 employees and growing or 100 employees and growing. After working with tens of thousands of leaders over the last 25 years, research, and my own experience growing a business to around $100M, I have these 10 tips for scaling your small to midsized business.
Listen to Refine and Grow Podcast with Jonas Akerman
Listen in as our own Jonas Akerman speaks with Justin Uhler and Lynse Allen of Refine and Grow about how to grow a small business and what indicators point toward success.
Cash Flow: the Number One Challenge for Growing Small Businesses
Regardless of company size, cash flow and cash will always be among the most critical elements to keep an eye on for any company trying to grow. More small businesses get into trouble due to cash than any other reason.
How Leaders Become Great
Why is leadership an important concept for us to consider? The answer is likely obvious to those of you leading an organization or who are part of a company leadership team. Strong leadership generates quantifiable financial results—revenue growth, profitability, cash flow, customer satisfaction—and qualitative people results, like talent attraction & retention or employee engagement, not to mention your personal satisfaction as a leader. Â
Five Most Critical Financial Metrics to Growing Small Businesses
As a small business grows it is important to look at key financial metrics not so much to tell you what has happened but rather to give early indications of where things are changing. These metrics allow the leader to better prepare for upcoming changes in the business or unplanned events and set the right expectations for all stakeholders: customers, employees, and investors.