strategy

I recently saw the movie Founder, the story of Ray Kroc and McDonald’s. Most of us know the basics of the story. I consider it required viewing for anyone wanting to scale their business. Before Ray Kroc got on the scene, the McDonald brothers made a huge investment of time and energy perfecting the simplicity and efficiency of their business.

First, what does it mean to scale your business, and how does it differ from growing your business?
Consider scaling a business:

“growing sales at an exponential rate while only adding costs incrementally by developing a replicable system for delivering goods and services.”

with simply growing a business:

“increasing sales coupled with increasing costs with little improvement on profit margins.”

The difference is clear

Most business owners and leaders are happy to see top line revenue growth. But some revenue is better cause for celebration than others.

It’s easy to let yourself rely on big, lucrative clients. But what happens if they ditch you? Helaine Olen of Inc. magazine tells you how to survive.

Understanding product and customer profitability can give you tremendous insights into your business and provide the intelligence needed to develop strategies for profitable growth.

Are you obsessed with your competition? Concerned about encroachment and trying to anticipate their every move?Or, maybe you are blissfully oblivious. You are unaware or unconcerned of others with similar products or services competing for your customers.  

Running your “family operation” smoothly will allow you to run your “business operation” profitably.” Here are some insights from an www.inc.com article by Kevin Daum.  

You’ve read the story about the Tortoise and the Hare, right? Discover why these six ways can keep your startup from losing steam while your business grows. John Rampton, Contributor for Entreprenuer.com, explains how.