Between 2015 and 2017, global startups created over $2 billion in total value, 26% more than the prior 3-year period. But getting started is only half the battle, and while many small business show promise, steady and reliable growth isn’t easy.
Scalability looks different for every business, but the goal is always the same — developing room to grow. Today, 88% of small business owners say they aim to increase their revenue within the next year, but that’s easier said than done. Highly scalable businesses don’t necessarily have to work like a tight ship, but they do rely on competent team members making smart decisions. Too often to small business owners find themselves with a finger in each department pie, taking on the role of bookkeeper to salesperson to customer service rep. Giving up your control in the day to day activities will free up your focus and help keep your sights on big picture growth instead.
Increasing scalability begins only with a few simple questions, but ends with big results. Are you ready to scale up? Take a look at this infographic for more on the science behind scalability and how to build for the business you want instead of the business you have.