
We talked earlier this month about some core ways to manage your growing business, but let’s get a bit deeper this time. As you’re nearing the end of the month, and probably feeling the usual end-of-month rush, let’s add some extra tools to your toolkit.
Growth is fantastic, but it can also feel like you’re trying to build a plane while it’s in mid-flight. So, let’s make that flight a little smoother.
1. Set Clear, Actionable Goals (and Review Them Often)
- “Growth” is vague. Instead of saying, “We want to grow,” say, “We want to increase sales by 15% in the next quarter.” Then, break that down into smaller, actionable steps.
- Have weekly or bi-weekly check-ins with your team to review progress. Are you on track? What roadblocks are you encountering? Adjust as needed. Remember, goals are a roadmap, not a rigid script.
2. Implement a Feedback Loop (and Actually Listen)
- Feedback isn’t just for performance reviews. Create a culture where feedback is ongoing and encouraged. Use surveys, suggestion boxes, or even just regular one-on-one conversations.
- And here’s the key: actually listen to what people are saying. Don’t just nod and move on. Take their feedback seriously and make changes based on it. Your team and customers will appreciate it.
3. Invest in Your Own Development (Don’t Forget You!)
- You’re so busy taking care of your company that you might forget to take care of yourself. But you can’t pour from an empty cup.
- Make time for professional development. Attend workshops, read industry blogs, or find a mentor. And don’t forget about your personal well-being. Take breaks, exercise, and spend time with loved ones. A refreshed you is a more effective leader.
4. Document Everything (Seriously, Everything)
- As your company grows, knowledge can get scattered. Document your processes, procedures, and best practices. Create a company wiki, use a knowledge base, or just keep a well-organized folder on your shared drive.
- This will save you time and headaches in the long run. When someone new joins the team, or when you need to troubleshoot a problem, you’ll have all the information you need at your fingertips.
5. Leverage Technology Intelligently (But Don’t Overcomplicate)
- There are tons of tools out there to help you manage your growing company. But don’t just jump on every new trend.
- Choose tools that actually solve your problems and make your life easier. Focus on automation, data analysis, and communication. And don’t be afraid to ditch tools that aren’t working for you. Keep it simple and effective.
Remember, managing growth is a continuous process. There’s no magic formula, and you’ll make mistakes along the way. But by focusing on these actionable tips, you can build a strong, resilient company that’s ready for anything.