The startup stage is the toughest phase of any business. But if you persevere, there comes a time when business is good, sales are rolling in, and your customers are happy.
You’re now in a position where you need to answer some serious questions. Are you willing to do what it takes to expand? Do you have what it takes to enter a serious growth phase?
According to a recent Oracle/Inc. study of fast-growing companies, when asked the question, “what is the biggest obstacle to your company’s growth,” the number one response was the inability to manage fast growth.
While the respondents saw the inability to manage fast growth as an obstacle, they felt it was clearly surmountable. The proof? The “ability to scale” was listed just behind sales as a top reason why their company was able to succeed to the point of being named as an Inc. 5000 honoree.
Companies who can successfully scale and grow become market leaders and, perhaps, even household names. So before you decide to enter a high-growth phase, here are five indications that you are ready to make such a move.
Read the full article at INC.com
The post 5 Signs that prove you are ready to really grow your business appeared first on Smallstarter Africa.