EDITOR ’ S QUESTION
This magazine is all about business growth and offering advice to business leaders . But can a company grow too quickly ? If growth is not gradual , does this leave businesses with gaps in departments and concerns with HR policies ? Small companies can sometimes plough on without a HR department , but as the company gets bigger , the person who deals with HR queries may find they don ’ t have time to help staff properly as they will usually be juggling this responsibility with their day-to-day role .
Another question to ask is whether the right structure is in place for companies to keep growing ? For example , does it have the right accounting software / expertise and is it following the correct regulations relevant to its country ? There are many things to consider .
ULTIMATELY , THE MOST VALUABLE WAY A BUSINESS CAN INCUBATE A GROWTH MINDSET IS THROUGH ITS PEOPLE .
Our three experts delved into this question and
explored the different aspects to consider . Bukki
Adedapo , UK Country Manager , Fiverr , explained how having the right expertise is essential . He said : “ More established businesses are already turning to freelancers to pursue large projects when teams are leaner . Businesses are able to leverage global talent , beyond their core inhouse team to outsource the skills needed for individual growth projects – all without drastically disrupting cash flow .”
While Dean Sadler , Co-founder and CEO , Tribepad , looked at the complications with regards to hiring when scaling too quickly . He said that often businesses try to grow without having a plan in place , so employees end up with bigger workloads and working longer hours . He said : “ Businesses need to ask themselves why they want to scale . Have they noticed a particular societal need they want to address ? Is there a gap in the market ? Or is it to make more money ? No one driver is necessarily wrong or right , but an awareness of this will enable you to implement the tools and strategies needed to achieve that growth .”
Our third expert , Ben Elms , CRO , Expereo , looked at the importance of having the right technology infrastructure . But ultimately , he said , it is about the company ’ s culture . He said : “ Ultimately , the most valuable way a business can incubate a growth mindset is through its people . Building a workforce that is agile and adaptable to change is imperative from a practical perspective , but at the same time , nurturing the right attitudes towards growth among staff is key to creating an ambitious company culture that is committed to business growth objectives .”
DO YOU THINK A COMPANY CAN GROW TOO QUICKLY AND WHY ?
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