Scaling your business is an issue that faces startups once they've got through the first stage of creating a business, and how to do it successfully is a question that Oliver Neuberger of Accenture sees often.
Oliver is one of our key experts on the Virgin StartUp Scale-Up programme, bringing his knowledge of sales to the table and helping startups understand the importance of everything from cashflow to staying agile. In this video he gives his top tips for successfully scaling a business.
Key takeaways:
- Be sure you’re at the point where you’re ready to start scaling, and ask yourself the difficult questions beforehand; it’s easier to make changes when you’re still in pre-scaling mode
- Ensure that the basics are in good order - a solid pipeline of sales and revenue
- Delegate as much of the back office work as you can, which is something many startup CEOS find it hard to do. Build a team that shares your passion for the business.
- Try and stay agile and responsive to client conversations and to competitive threats. Continue to innovate and find new ways to do things, and don’t be afraid to change your strategy.
The information contained in this website is provided for information purposes only and is not intended to constitute legal advice on any matter. Use of this website is at users own risk and is not intended to create a lawyer-client relationship between Virgin StartUp and any user. Information displayed on this website is provided “as is” and Virgin StartUp does not provide any express or implied warranty or representation concerning the information, including but not limited to the accuracy or appropriateness of the information. Virgin StartUp recommend that users seek their own legal advice before taking (or refraining from) taking any action and do not accept any liability in respect of any actions taken or not taken based on any or all of the information displayed on this website to the fullest extent permitted by law.