SBD Council-Building Scalable Business

SBD Council-Building Scalable BusinessI wrote a report at the end of 2010 titled 11 Strategies to Grow Your Business in 2011. If you haven’t read that report, be sure to go to our home page and sign up for it.  In that report, and the subsequent follow-up reports I discuss specific areas that need to be addressed in order to experience tremendous growth in 2011.  However, if you business isn’t set up properly, and you suddenly experience a growth in clients and/or orders, you risk digging your own grave.

Scalability is very important. You can’t do everything by yourself as you only have 24 hours in a day. Can you leverage or outsource your tasks?

In any business model, you must be able to find a business model that scales upwards. In other words, it means that the business will earn you more money the longer you are in that industry.

If the business or the market that you are in requires you to work longer and longer for the same amount of pay, then you either need to innovate a new idea or get out of it as soon as possible.

Nothing is permanent in the 21st century. Now it is not about the strongest that survives but rather the one that adapts to changes quickly!

You must be able to adapt quickly to market changes like rising costs and changes in the demand. If you are not good at adapting, you will miss out on a lot of opportunities.

You don’t want to start changing only when you are running out of money or when all your customers have ran away to your competitors! By then it would be too late!