The Scalability Checklist
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The document discusses four focus areas that are essential for scaling a business: vision and strategy, people and culture, money and resources, and tech and tools. Within each focus area, key questions are outlined to guide business growth, such as defining values and purpose, identifying the right people, managing finances and cash flow, and leveraging data and software solutions. Maintaining focus on these four areas is important for successfully evolving a business through different growth stages.
The Scalability Checklist
- 1. The secret of scaling a business is slowly putting together the building blocks to fulfill a bigger long-term vision. There are many moving parts at each growth stage, but these 4 focus areas must always be evolving: What values do I want to establish my business on? What's the purpose of this organization long-term? What's my competitive advantage in the market? How will I differentiate my business from competitor's long-term? VISION & STRATEGY PEOPLE & CULTURE 1 SCALING A BUSINESS MONEY & RESOURCES TECH & TOOLS What type of people do I want in my organization? How can I identify, recruit and train that type of people? What do these people value and how will I fulfill those needs to keep them? What rituals and rewards enforce and reflect the values of the business? What are the necessary costs to run this business? What are the financial ratios that dictate the success of the business? How will the company generate a consistent cash-flow? What dictates the value of this business? What data do I need in order to make smart and strategic decisions? What are some of the best software solutions that would allow me to collect and leverage that data? How can I optimize time and effort it takes to perform business tasks? What tools would help us integrate and expand employee knowledge? By: Melody Ucros (melodyannucros@gmail.com)