Kevin Llamido’s Post

Scaling a business is challenging. The article provides some good suggestions for navigating this complex journey successfully. Prioritizing product-market fit is essential—ensuring your product resonates with your audience before attempting to scale. Investing in robust systems and processes is crucial, as it enhances efficiency without simply relying on hiring more people. Additionally, leveraging data analytics for informed decision-making can provide valuable insights into market trends and customer behavior. Cultivating a solid company culture is equally important, as it drives performance and employee satisfaction. Finally, being prepared for challenges and maintaining flexibility can help you effectively navigate growth hurdles. What strategies have you found effective in scaling? #BusinessGrowth #Entrepreneurship #Scaling #Leadership #DataDriven https://lnkd.in/emGSijHK

Week-23: Growth and Scale Management theory falls short in giving a foolproof formula to help companies grow sustainably with stability. Hyper growth is daunting in itself and makes most of us uncomfortable – especially for those who create something from scratch themselves along with a few carefully selected people. Yet everyone in business is measured by growth – be it a listed company or a startup. In the startup world, there is a fixation on scale. Scale or growth – what’s the difference? When we think about growth, we normally think in linear terms – for example a company increases revenues but the costs also increase proportionally. In contrast, scaling is when revenues increase without a proportional increase in costs – basically scale is about increasing revenues with marginal increase in costs. No wonder founders are obsessed with scale! When we think of scaling a business what are all the things we should focus on? There are four things I believe are important: (1) scaling your own intellect (2) scaling the organization (3) scaling your people and (4) scaling your reputation At a personal level, you need to scale your own ability to work lot more efficiently. Scaling the organization includes creating the appropriate organization structure and having the right people in the right roles. Doing more of the same, will not help you scale. People need to do things differently and different things. Organizations should also have the right mechanisms to help people scale. And last but not the least, you have to work on branding, visibility, governance as part of scaling your reputation. #scale #growth #reputation #governance #intellect Source: Personal experience and reading Follow me for weekly updates. #Weeklylearnings #TIL #productive #fulfilling

Unlocking Business Growth: What Does It Mean? Business growth is the juncture where a company ventures into new avenues to fuel profitability. It encompasses the strategic steps a business takes to ascend to the "next level," defined by its unique objectives. Growth is shaped by evolving customer trends, emerging market prospects, and pivotal decisions made by company leadership. This transformative journey impacts internal operations and enhances external product marketing strategies. No single metric dictates growth, but an upswing in key indicators signals progress: Sales Revenue Profits Company value Number of customers Number of employees Your primary focus might center on one or more of these metrics as you propel your business forward. Business growth empowers you to expand your product line, amplify sales, attract top-tier talent, captivate investors, and seize novel opportunities. The growth strategy your business adopts hinges on its current stage—whether it's a budding startup or an established entity. #businessgrowth #StrategicExpansion #entrepreneurshipjourney #successmetrics #innovationhub #nextlevelbusiness #marketopportunities #businessstrategy

Strategic Pivoting: Turning Challenges into Opportunities for Business Growth In the ever-changing world of business, challenges are inevitable. But what sets successful companies apart is their ability to adapt and even thrive in the face of adversity. That's where strategic pivoting comes into play – it's like doing a dance move, shifting direction to overcome obstacles and drive growth. Imagine a business is going one way, following its plans, and suddenly, things change – maybe a new competitor appears, or customer preferences shift. Instead of sticking to the old route and hoping for the best, strategic pivoting means being flexible enough to change direction purposefully. Pivoting isn't about giving up; it's about being smart and making calculated shifts to keep moving forward. It involves taking a step back, assessing the situation, and then adjusting strategies or even the entire business model if needed. One classic example of strategic pivoting is when companies change their product or service based on customer feedback or market demands. They listen to what people want and tweak their offerings to better meet those needs. Sometimes, businesses pivot by changing their target market or finding new ways to reach customers. This could mean exploring different advertising channels or even shifting from local to global markets. Strategic pivoting isn't just for startups or small businesses. Even big, established companies pivot strategically. They adapt to changes in technology, consumer behavior, or economic shifts to stay ahead in the game. The beauty of strategic pivoting is that it allows businesses to turn challenges into opportunities. It's not always easy – it requires courage, a willingness to change, and a forward-thinking mindset. But when done thoughtfully, it can lead to incredible growth and success. Pivoting strategically isn't admitting failure; it's a smart move toward growth. It's about learning from challenges, staying agile, and continuously evolving to meet the ever-changing demands of the market. #StrategicPivoting #BusinessGrowth #Adaptability #OvercomingChallenges

Founders are forced to make hundreds of decisions, daily. How can you make choices with consistency and intention? On our blog, Stravito cofounder Thor Olof P. shares how principles have been key to their success today, attracting top global brands and raising €20 million. He writes, "We wouldn’t be where we are today if not for three seemingly simple but operationally — and emotionally — challenging principles." At first glance, they do look simple. 1. Put the customer in the center — first, last and always. 2. Company values must remain top of mind, at all times. 3. Stay anchored — maintain business focus with expert guidance But read on to see how Thor and the Stravito team leverage these into a true framework that guides them ⬇️

The current business environment presents unique challenges for achieving sustainable growth. 𝗧𝗮𝗸𝗲𝗢𝗳𝗳 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 is here to bridge that gap. We offer a comprehensive approach built on data and expertise, empowering individuals, and businesses of all sizes (startups, established companies, MSMEs), to navigate and thrive in this evolving landscape. Our 3D approach focuses on key areas for success: 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗺𝗲𝗻𝘁: We equip you with the skills and knowledge to confidently make strategic decisions and address complex challenges. 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻: We connect you with the latest tools and technologies to optimize your operations, ensuring peak efficiency. 𝗘𝗻𝗮𝗯𝗹𝗲𝗺𝗲𝗻𝘁: We guide you in developing data-driven strategies specifically tailored to manage your 5Ps – People, Products, Pricing, Promotions, and Performance. By focusing on these critical elements, we ensure your business operates at its full potential, fostering long-term and sustainable growth. 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗲𝘅𝗽𝗹𝗼𝗿𝗲 𝗵𝗼𝘄 𝗧𝗮𝗸𝗲𝗢𝗳𝗳 𝗩𝗲𝗻𝘁𝘂𝗿𝗲𝘀 𝗰𝗮𝗻 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 𝘆𝗼𝘂𝗿 𝗴𝗿𝗼𝘄𝘁𝗵 𝗷𝗼𝘂𝗿𝗻𝗲𝘆? 𝗦𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝘆𝗼𝘂𝗿 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗺𝗶𝗻𝘂𝘁𝗲 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝘁𝗼𝗱𝗮𝘆!

Growth & Scaling Workshop #3 - Top 40 Processes Needed to scale. You need to do 100+ things well to scale a company. Only 1 in 400 companies ever reach $10M in sales, and 1 in 6,300 reaches $100M. Most people fail to systematize their operations, management, finance, marketing and sales well. And fail to develop and control their culture too. This is just an extract from our monthly workshops on scaling companies. Register for a free workshop on growing companies at: https://lnkd.in/gbF59Bcv This monthly event is for CEOs at $1M plus companies and those preparing to scale in the years to come. It is held on the first Wednesday of each month and replays are sent to registrants. And get lots of free resources for startups under $1M annual sales at www.EntrepreneurshipU.com. We help companies get to $10M, then $100M in sales after product-market fit is achieved by installing everything needed to scale. See www.AirTightGrowth.com.

Does your business you have the capacity to grow? There are internal and external factors involved to achieve business growth. Finding improvements looks easy when someone comes in and points issues out to you. If you are hitting a growth plateau and you anticipate a problem scaling then these 5 insights may help you break through that plateau via Jess Dewell #Growth #Strategies #Scale-ups

Does your business you have the capacity to grow? There are internal and external factors involved to achieve business growth. Finding improvements looks easy when someone comes in and points issues out to you. If you are hitting a growth plateau and you anticipate a problem scaling then these 5 insights may help you break through that plateau via Jess Dewell #Growth #Strategies #Scale-ups