The move from a small to medium and large company includes an increase in the complexity of the business that offers risks and opportunities.
The dangers are largely loss of operational and financial control due to growth in structure and markets.
The positive aspects are the possibility of achieving an economy of scale and greater financial and operational strength, through proper planning of resources.
Some tips to avoid the pain of growing up:
1- When designing the company, anticipate the different stages of growth. Create a flexible structure that adapts without affecting the normal development of the company and at a low cost.
2- As you grow you will be forced to sell to different segments, do not try to serve everyone equally. Design custom strategies for each market.
3- When hiring staff consider their role in a larger structure.
4- Plan a staff training plan that allows you to grow with the company.
5- Design a holistic organization where the synergy of its members is sought.
6- At each stage of the company new agents are incorporated, internal and external, that influence the business. Don't ignore them, take advantage of them.
7- Carry out a financial planning that considers growths greater and less than expected, design a plan to obtain emergency funds.
8- Model business and determine actions to face contingencies - Risk Management.
9- Analyze the value chain well and foresee changes in the different stages of the company. In full growth this becomes more difficult.
10- If the situation exceeds it, ask for help and advice that will allow you to get out of that situation and normalize business management. The investment will be far less than the cost of chaos inefficiencies.
There are several useful tools to manage growth, I invite you to propose others and read some useful articles at
