When you start your business, you dream of bigger things, you want to expand and grow, and you plan for this.
However, it’s entirely possible that your growth will happen sooner than you think or you’re just not as prepared as you’d like to be, meaning it will be challenging to know what to do next. No matter what else is going on though, the first thing you must do is to savour the moment, pat yourself on the back and enjoy what you have achieved. Then, once you have done that, get focused because there are decisions ahead as your business expands.
The first significant expansion of your business is basically the beginning of chapter two and where before you had a blank page, now you have already built the foundations, and you have created something successful, so the pressure is on to keep it growing. Wrong moves now mean the business might suffer and so, it is essential to understand what has helped your business reach the point you are currently at, and what aspect of that can propel you into the future.
Growth and development often mean physical growth too, so you can either try to adapt the office that you already have, or you can try to find a new office that offers more space and a better location. There are options for adapting either your office or how to increase warehouse storage space if you need to. There is no right or wrong decision here; it entirely depends on the needs of your business and how much money you have to spend.
As you grow, you need to keep up with the demands of the customer and the competition, in this day and age, that means having the most cutting edge technology. If you don’t keep up to date with technology, then your office will likely be slowed down as everyone is forced into working with old, outdated technology that doesn’t serve the needs of your business. So, make upgrades as soon as you can.
As your business expands, your workforce will likely grow too, and the more people you have in your office space, the more important it becomes to make collaboration and communication as smooth as possible. If everyone in your office is working in their own little corner and not interacting with each other, then teamwork is almost impossible. Try opening up the space in your office and breaking down barriers so that people aren’t separate. This will encourage more teamwork and collaboration, not to mention better office morale as people will feel less restricted and they won’t be afraid to move about the office and share ideas that could potentially lead to innovations that push your business forward
Even if you’re feeling a little overwhelmed, remember what you have achieved and get excited about what lies ahead. The important thing now is to understand your business, know what works but accept that the day-to-day running of it is changing. Make sure you conduct thorough market research and work out where it will be more beneficial to outsource certain processes and expertise within your business for the next chapter.