How fast do companies grow

Successfully scaling a business is all about doing the fundamentals and having the stamina to see it through. Let's face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves having to interact with customers on a daily basis.

And so much more. At the end of the day, it takes its toll on you. If you're struggling to grow your business, there is light at the end of the tunnel. Sure, it's hard. But, what's the alternative? A life-sucking 9-to-5 job? Surely not. Okay, maybe you're longing for the security of a guaranteed paycheck. But, at what mental or emotional price will that come?

The truth? If you buckle down, clear your mind, and just look at things in perspective, you can easily identify ways you can grow your business and make more money quickly. While hundreds of business growth strategies likely exists, the following 15 will take your business to the next level quickly and efficiently. Roland Frasier, a business growth strategist, has a unique approach to scaling businesses. Frasier, who builds and scales seven, eight and nine-figure businesses tells me that there are loads of ways to grow a business quickly.

But, only 15 core strategies that will truly make a real impact on your bottom line. Some are time intensive at the outset. That much should be expected. But, the benefits and profits will ultimately make them well worthwhile. Like anything else in life or in business, you have to put in the time if you're looking to reap the benefits.

Don't focus on the short-term outcome of your work. Look to the long term. Build sincere value and look to help your customers. Genuinely care.

That should be the foundation. After that, it's simply a matter of taking action and putting in the work to scale. The first way to quickly grow your business is by building a sales funnel.

If you don't have a sales funnel, you're making a monumental mistake. Sales funnels can help to automate your business. It helps you to scale and grow quickly and easily. Sure, there's some front-end work involved.

But, once those processes are in place, it's smooth sailing from there. Frasier says that every sales funnel needs to be carefully conceptualized before it's created. Consider the different funnels first and foremost. Whether it's a free-plus-shipping offer or a high-ticket coaching funnel, it's important to build your automated selling machine to quickly scale and grow your business. Manually tracking transactions is hard. No one wants to do that. It gets too cumbersome as the business grows.

If you want to scale quickly, use a customer management system. There are plenty to choose from. But, it really depends on your line of work. Alaska Financial Financial Services Blackwell Realty Real Estate Services City Global Product Development Colorado Computer Support I.

Ensunet Technology Group I. Services All of them enjoyed growth at several times the average for privately held companies in the United States. But here's the most important point--at the same time each of these companies grew, they also radically increased their Owner Independence Index OII.

The Owner Independence Index is a simple measure of a company's reliance on the presence of its owner for the business to function smoothly and successfully. The less reliant the company on the owner, the greater its Owner Independence Index. The change over time is the increase or decrease of that company's OII. Here is that same list of ten companies, only this time, with the cumulative percentage increase in each companies' OII for the same period of their annualized growth rate. Alaska Financial Like Adrian, though, you can be successful at navigating the constant change and rapidly expanding responsibilities while working at a high-growth startup or leading the charge as an entrepreneur.

Try adopting the following five strategies to overcome the challenges and grow your capabilities as quickly as your company. In a fast-growing company, priorities often shift. The higher you go, the more your work both depends on and affects others.

This is best accomplished through writing your priorities down and sharing your written list with your stakeholders. Conversations at growth companies often center on needing more: more revenue, more headcount, more space, you get the idea.

Sometimes you may find some low-hanging fruit: tasks that no longer need to be done, or work that your team or the company has outgrown. This is the nature of rapidly scaling businesses. You have to be like a triage nurse who must make tough decisions about who gets treatment and who must wait, on an hourly basis.

One practical way to do this is to draw a line on your list of priorities. Below that line, list the things you will either be delaying or not doing at all. Everyone should be clear on the trade-offs being made. In rapidly scaling organizations, people are often asked to take on responsibilities outside their areas of expertise.

Without this realist mindset, you run the risk of engaging in wishful thinking and being ill prepared for the road ahead. Squarely face what you are being asked to do by evaluating yourself with the following four questions:. Of course the situation is uncertain and risky! But by squarely facing the reality, you can prepare and plan countermeasures. For example, what do you need to learn, and how will you learn it? If there are specific risks, what steps can you take to mitigate them?