As business owners, it’s probably a fair assumption that we all want growth. But is your business really ready for the next step?

1. 3 Ways To Deal With Rapid Business
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Growth
By Vanessa Stoykov

2. Inspiring Wealth Education
3 Ways To Deal With Rapid Business
1. Do you have the right team in place?
2. Cut away the fat
3. Feed your business
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Growth

3. Inspiring Wealth Education
1. Do you have the right team in place?
• When push comes to shove, you and your business
are only as good as the people you have around you.
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• It is naive to think that you
can carry the new weight of
the business; in fact, this
will only slow down your
prospects of growth.
• Can you delegate some of
your responsibilities to allow
you time to work
strategically on the
business and allow your
staff the opportunity to step
up?

4. Inspiring Wealth Education
2. Cut the fat
• Too many businesses think that
achieving and maintaining growth
simply means taking on more
business. Nothing could be further
from the truth.
• Low revenue producing, high cost
clients will only slow you down.
You must clearly determine your
ideal client and walk away from
those who do not align with your
future vision.
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5. Inspiring Wealth Education
3. Feed your business
• Too many businesses, large and small, fail because they simply run out of cash.
• In times of growth, you need to be realistic on your current cash position and the
future requirements of the company. As a general rule you should retain 10-20% of
your profits within the business.
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6. @ceovanessa
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All intellectual property contained in this document remains the property © evolution media group 2014