How to Manage Rapid or Unexpected Growth
Jul 26, 2023Rapid growth is something that we all desire as business owners. However, often times we aren’t set up in our businesses to handle this growth in an effective manner, neither systemically nor emotionally. The tips that I have for you today should help you think about your business and identify the weak points that may need improvement in the event of unexpected growth.
The key takeaways from this episode are:
1. Rapid business growth requires effective preparation both systemically and emotionally.
2. Identify and improve weak points in your business to handle unexpected growth effectively.
3. Develop the right mindsets, financial infrastructure, and strategic thinking in advance to successfully manage rapid growth.
What you’ll hear in this episode:
[1:15] What are some common challenges that businesses incur when they have a rapid growth spurt?
[2:37] What are some mindsets that you need to have in place if you are to experience rapid growth?
[5:01] Build a proper financial infrastructure.
[7:15] Make sure that you understand the cash flow in your business.
[11:02] Start thinking strategically about your business now, not when you start growing rapidly.
Related Episodes:
Revenue Goals That Actually Move the Needle
Ways to Increase Revenue If You Hate Sales
What Traits We Look For in a Client
Resources:
Tactical Resources:
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa
Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash
Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide
CFO Power Session: Text POWER to 860-609-6374
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Additional Resources & Connect with Shannon:
Find everything you need at https://www.keepwhatyouearn.com
Questions about this episode? Text me! https://my.community.com/shannonweinsteincpa
Hire us: https://www.fitnancialsolutions.com/accounting
Find me on IG: https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
