Welcome to Action coach Alida Niehaus where you get support to build your business via shared ideas and business strategies dedicated to you and your business. By using this site, along with the tools developed by Action coach Alida Niehaus and by using our thoughts and ideas, you will build a stronger, more robust business.
Tips to Manage Your Small Business Growth
» Category 1 » Tips to Manage Your Small Business Growth
Must have a comprehensive human resources plan to handle fast growth and peaks and valleys in business activity;
Must have job descriptions and a structure for your company;
Must have developed standard operating procedures for your business;
Must have a strong customer service program – so that customers are not negatively impacted by your fast growth;
Must have a strong quality and continuous improvement program;
Must ensure that you have the operating structure (whether that means increased inventories, longer hours of work – moving from a one shift operation to a two shift operation; adding more productive equipment); and
Must have the cash flow to sustain growth (you will need to pay for more supplies and materials, for labor, for transportation, etc.) – unplanned and/or fast growth can have a big, negative impact on liquidity.