6 Steps to Prepare Your Business for Takeoff

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Growth has been one of the key driving forces behind our entire humanity as we know it — centuries of capitalism and cultural nuances have led us to seek growth in ourselves, our communities, and our businesses. It’s part of our DNA, and considered a natural evolution of one way in which we can measure success and happiness.

When embarking on the journey to start a business, every business owner begins with the hope of a strong and successful future. Once you’ve moved past the startup period, a period of growth ensues. Few business owners, however, are ready. As a result, over-stretching, poor planning, or unexpectedly rapid growth could lead to the collapse of your business.

Here are some foundational signs that your business is ready for rapid, sustainable growth:

1. Be ready to commit

2. Set up your finance and structure

3. Tweak your revenue models

4. Cash is key

It’s part of our DNA, and considered a natural evolution of one way in which we can measure success and happiness.

5. Select a growth strategy

6. Good people are critical

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All of these considerations are real signs that your business is ready for rapid and sustainable growth. With the right foundations in place, you can grow your business without unforeseen complications.

While creating or evaluating your growth strategy, you may realize you lack the right people or need capital investment to meet growing demands. Skidmore invests in business leaders and family legacies who are ready to accelerate growth and master their industry. With 70 years of experience leading over 20 businesses, Skidmore expands regional brands into national players by applying capital and expertise to achieve market dominance. Contact us today if your business is ready for rapid growth.