See an example of how a business grew sales by 400% over two years and got ‘Yes’ from their lender for all growth funding requests!
Growth in business is an exciting time… however it can also be a very frustrating time if growth isn’t handled carefully.
Growth can put strain on every aspect of the business e.g.
- Marketing – how much activity is needed to achieve growth?
- Sales – what conversion rate do you need and how will you achieve it?
- Purchasing and supply – how and where will you source supplies to meet the demand?
- Logistics – how will resources cope e.g. staff, equipment, warehousing for extra stock?
- Staff – extra staff needed to handle additional volumes of everything.
- Premises – will they be big enough to house extra staff, equipment, stock etc.
- Funds – where will the funds come from to pay for everything?
All this needs to be carefully planned, costs calculated, managed and funded to ensure a smooth transition during the growth phase.
If you’d like to achieve growth without the headaches it can cause… watch this video with a CFO who shares his ‘hard earned’ experience, working with rapid growth businesses to achieve well managed growth.
See a Case Study of a business that went through massive growth in 2 years:
- Revenue grew by 400%
- Lender agreed to all requests for extra funds needed
- Growth achieved without problems
