In today’s competitive world, it’s very important to have a strong grip over yourself – Be it personally or professionally.If you are running or currently a part of a business and have to not only sustain but also grow in the market, then the only way is your conscience, persistence and adaptability to change.
Being a business owner you definitely cannot be a “one man army” and you need a pool of equally passionate team members to take your business to the next level. This team performs a significant role in envisioning and achieving the company goals & common objectives. Be it excelling at what you are doing already or foreseeing the bigger opportunities and threats coming your way, it’s imperative to keep your contingency plan ready.
Let us understand a few key areas that any business should consider to think of! Either prior starting up a business or while running one. It’s never too late.
IT
Operations
Termination stage is not a good sign, alternatively hiring is. If you’re ramping up, it’s great and that means you are growing. Even though it may feel obvious but many companies fail due to not planning their operations well, and negligence in monitoring their employee delegates on time.
Scaling up is way better when you have planned your forecasts beforehand and achieving them at the time of need. Scalability plans can be discussed at the ideation stage itself and all your “could have” or “good to have” can be planned for the later stages. However, your priority at any point should be “must have” and how to keep up to it.
Payment, Revenue and Accounting
Eventually, numbers matter!
Maintain CRM
Make your business easy for you by letting CRM take charge.
Dependencies
You cannot control everything, however, it’s important to keep track and taking ownership of the know-how.
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