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Congratulations! This means that you are just starting your growth journey. While this can be daunting, it is important that you have a very clear picture of the following steps you need to take to reach the levels that will guarantee new business for your company.
Here are some recommendations based on your answers:
You may want to prioritize building a strategy that defines where you want your company to be in the next few years. A good starting point is by checking your past growth and estimating how much you could grow if new opportunities knock on your door. Also, pay attention to your mission, vision, and values, as they should be the steering wheel of your whole strategy.
You are probably just discovering what sales pitch works for your company. Still, you have not had the time to think about a marketing strategy or a sales capacity that could guarantee that you continue growing your potential clients’ roster and that allows you to nurture good relationships with them. You may want to start by thinking about who your clients are by segmenting them and what processes you need to establish to guarantee continuous growth and fidelity.
If you are not a finance expert, you may be struggling with keeping up with your company’s financials. Keep in mind that this is one of the most important aspects of running a business. If you want to access a loan or even close a contract, up-to-date financial statements are going to be required. Likewise, if you are on a growth trajectory, your cash flow will be a vital source of information.
At this stage, you may want to start documenting the most critical processes in your business and the costs implicated in each of the key activities. Considering aspects related to risk management, sustainability, cybersecurity, will help you set the ground for scaling your processes and becoming a professional company.
Your team might be small, but that does not mean that you cannot start implementing good human resources practices. Investing in people does not necessarily mean that you need to spend a lot of money. Start by understanding what your collaborators value and exercise your leadership skills around those needs.
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Setting the Business: Strategic Planning and Execution
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Entrepreneurship 1: Developing the Opportunity
The Entrepreneurship Basis Course
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The new e-commerce: an eight-part series to help your company thrive
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Digital Marketing Policies (Philippines)
Entrepreneurship 101: Who is Your Customer?
Digital Sales Transformation and Business Development
Unique Selling Proposition, Customer Relationship, and Retention Strategy
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How to build a sustainable business with the B Corp assessment (a planning tool)
Introduction to Business Finance
Finance for Non-Financial Managers
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Financial Literacy in Business Management
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Small Business Owners (SB) Training
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On-demand webinar: HR Talent Hack – Hire and digitize to deal with labour challenges
Recruiting, Hiring, and Onboarding Employees
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