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Wednesday 11 December 2019

5 Tips to Better Plan your Growth Start-up


According to the MISE, an innovative start-up must be less than five years old and obviously be focused on high-tech products and services.

The start-up period would therefore seem to be quite long, but the reality is that a successful start-up is the one that manages to leave this label behind as soon as possible.

To all intents and purposes, a start-up ceases to be a start-up not necessarily when it gets break-even or when it is able to issue dividends, but rather when its business model is effective and when it demonstrates that it has reached Financial Services.



Constant growth is the basis for achieving the aforementioned maturity and therefore, beyond the innovation produced, the visibility of the brand or the sales made, it is necessary to plan every single move to ensure medium / long-term sustainability.

Planning for growth means avoiding being an eternal start-up but also growing too fast and exposing yourself to risks of over sizing.

The 5 tips to plan the growth of your start up

These five simple tips are intended to make entrepreneurs reflect and invite them to create a linear growth path:

1. Analyze the productivity of your resources

There is not only the gross operating margin. An important KPI is the productivity of your resources, understood as the revenue divided by the cost. Knowing that revenue per employee is growing steadily is what can give you greater security when you are planning an appointment.

Revenue per square meter is an indicator that can suggest   you expand your stock. Productivity growth is an indicator of the state of health and is not just about commercial capacity.

2. Automate processes and develop your metrics

The consolidation of a company necessarily passes through the organization of processes. Automating them allows you to develop more useful metrics for decision making and to identify and eliminate inefficiencies and bottlenecks.

“The Choice Of Technological Solutions Is Of Fundamental Importance As Is The Ability To Make The Most Of Them.”

Implementing a CRM able to follow the sales cycle and adopt an organic system to enhance your data is functional to the generation of economies of scale. In other words, it is an excellent ingredient for planning your growth!


3. Attract talents in the key roles of your start up

Every manager you enter in the company must know how to plan the growth of his department of competence.

Attracting talents may seem like a foregone advice but many companies, especially during the usa business setup phase, encounter problems precisely because of evaluation errors made during recruitment.

Choose talented employees with a proven track record and make sure they develop the necessary sense of belonging to your company. Monitor their performance and seek involvement by delegating without problems.

When you need to hire a manager in a key role, look for the best according to your budget and bring in people who can compensate for your weaknesses.

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4. Monitor the return on marketing investments

Any company revolves around the ability to get an ROI from their marketing activities, if it is not, there is definitely a problem. Marketing aims to facilitate the marketing of your products.



Whatever the marketing strategy undertaken, a growing ROI is another positive indicator that can allow you to invest more in the product and sales channel. Planning for growth passes inexorably through meticulous planning of marketing operations, you cannot afford to accept that there are no satisfactory investment returns.

5. Listen to the market and retain your customers

Planning for growth also means following market developments carefully, transforming rapidly to seize opportunities and anticipate competition and, above all, acquire customers without losing strategic ones.

Listening to the market means adapting to the inevitable dynamics, seeking continuous feedback to implement your strategy. It means having a long-term vision and predicting the scenarios in which it will find itself.

It is impossible to plan growth without visualizing it and without having a clear vision of the future.

From this point of view it is important to assess the risk of your customer portfolio. Having the right balance between new business and renewals and working on a "pipeline" in an analytical way is of fundamental importance. A company that grows but whose business depends 80% on three customers can in fact see its growth compromised if it loses a single customer.


In Other Words, Planning For Growth Always Means Having A Plan B!


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