GROW
Scaling and Strategy
GROW
Scaling and Strategy
A small business’s “Scaling Phase” is a critical juncture that transitions a start-up into a more mature entity capable of handling increased market demand. During this stage, the emphasis shifts from merely surviving to strategically growing, expanding the depth or breadth of services and products. The phase often involves optimizing internal operations for efficiency, diversifying product lines, entering new markets, and potentially acquiring smaller competitors. Failing to navigate this phase adeptly can result in operational chaos and financial strain.
GROWTH STATS
%
of businesses fail due to poor cash flow management skills.
%
of Small to Medium Businesses reported few or no qualified applicants for the positions they were trying to fill.
%
of SMEs lack a digital transformation plan limiting their growth and competitiveness.
%
of small business owners lack financial literacy, creating a challenge in accessing capital.
Sources: SMB Group’s 2020 SMB Digital Transformation Study: SMB Group
U.S. Bank Study on Cash Flow: SCORE
NFIB Jobs Report: NFIB
https://www.sba.gov/offices/district/mo/st-louis/resources/credit-scoring-and-small-business-owner
THE QUESTION
Do you have a Strategy to Grow your Business?
Don’t let your Business be part of these statistics.