Scale Away With Me
At last, the final post in this 4-part series about how we approach small business operations to guide business owners toward success.
Over the past few weeks, we’ve laid out our strategy for building a strong foundation for scaling a business:
Establish and strengthen productive habits in yourself and your team.
Clarify and document the processes that comprise your business operations.
Organize and automate those processes with systems (that will almost always include the use of software).
This week, we’ll conclude with a discussion about scaling.
Scaling a business is all about maximizing the efficiency and profitability of your operations—the ultimate goal of any business owner. Growing a business (often confused with scaling a business) is about increasing the size of your business operations.
In other words, scaling is about increasing profitability, while growing is about increasing cost to operate.
Habits, processes, and systems provide the foundation for scaling, while capital provides the foundation for growth.
Capital can’t overcome the barriers to scaling created by a lack of solid habits, processes, and systems. On the other hand, habits, processes, and systems can overcome many of the barriers to growth created by a lack of capital.
And because capital is the limiting factor in most businesses’ operations, we zealously advocate for scaling a business operation–that is, making it more efficient and profitable–before any attempts are made to grow that operation.
But scaling looks different for every business, with each needing a unique and evolving combination of team members and technology to achieve maximum efficiency and profitability.
So, how would For the Love of Systems crack the code for scaling your unique business? By:
Getting clear on how you’re showing up as a leader and business owner. If you’re not in the habit of living and operating like a successful entrepreneur, you won’t ever become one.
Establishing clear processes. Without these, it’s difficult for you to:
Deliver a consistent client experience.
Onboard and train new team members or contractors.
Benefit from any software or AI tools available.
Identifying and implementing systems that support your processes through the use of technology and documentation.
By focusing on these areas, you maximize your efficiency and profitability while also reducing friction and creating a more seamless experience for your clients and team. A true win-win for everyone involved.
What should you do if your business has one or more layers that aren’t as solid as you’d like? Book a Discovery Call, and we can chat about ways you can solidify your operations.