Select Page

As an entrepreneur, it’s normal to get excited when your products or services are well-received. When your sales are up, you might immediately start scaling offerings, staff and even locations. However, this may be a premature decision.

It’s often difficult to recognize when you’re scaling your company too quickly, especially when you’re riding high on your recent successes. Below, 15 members of Forbes Coaches Council share some key signs that you may be expanding too quickly and how to correct course before it hurts your business.

1. You’re Not Meeting Your Success Metrics

Set time, volume and revenue thresholds for your company. Understand in advance what it would take for you to decide to change your plan before you have reached your goals, and put those requirements in writing. Knowing in advance what success looks like for you and for your product or service will help prevent you from feeling like you are more successful than you actually are. – Erica McCurdy, McCurdy Life Coach

2. Your Outflow And Profit Margin Ratios Are Off

Because startups don’t have a historical comparison and fads can fade, it’s important to follow management-by-statistics formulas to prevent applying the wrong steps at the wrong time. You are expanding too quickly if the outflow and profit margins start to go out of a normal ratio. To correct, evaluate and cap salaries of nonproduction positions until delivery and sales are streamlined. – Tracy Repchuk

3. Your Projections Are Based Solely On Early Adopters

Rapid sales of a new service or product often come from early adopters. This is a subset of your customer base; they are easy to appeal to because they are motivated to be an early adopter. However, these results can skew projections, as the timeline for attracting customers toward the top of the adoption curve can take increasing amounts of time and resources. Establish stability, then scale. – Kyle Brost, Spark Policy Institute & Choice Strategy Group

To read the entire article – go here >>

Want to Jumpstart Your Results
Right Now for Under $10?

Take Advantage of My Online Marketing Series

“Discover The Step-By-Step Blueprint To Successfully Create Your Online Presence for Your Business… Starting Today!”

Access This 10 Part, Step By Step Online Business Blueprint Instantly!

Regular Price: $97.00
Today Only: $9.97!

Want To Know More?

I hope you got some key information about #Forbes Asks Tracy Repchuk – 15 Signs Your Startup Is Scaling Too Quickly (And How To Slow Down) and the Free Gift Giveaway and take a moment to share this post. Until next time – be sure to join my community if you haven’t already – https://fastactionresults.com/ and grab my free gift for you.

Tracy Repchuk

I Help You Get Seen – Be Heard – Make More – and #ReachMillions #1 International Best Selling Author, Speaker and Coach
PS – Remember to share this post with your friends. Thanks in advance

Pin It on Pinterest