Scaling your business can be challenging. It can affect everyone from the executive management team to the most junior employee.
Growth and scaling can provide instability, lack of faith in leadership and employee turn over. All of these events can have a negatively impact your business. Here are a few tips on how to
scale successfully for your employees and your business to provide stability and success.
- Invest in Your Leadership: Once you've built an executive team, invest in making them not only the best they can be, but the best they can be for your business. Whether it's leadership training, mentorship training or an executive team bonding session, it's critical to get your top team in sync so that effect trickles down through the organization.
- Hire the Right People: A growth stage can be an unstable time for the company. New employees are coming in at a steady rate and it's important to keep the disruption to a minimum, so make sure these are the right people for the job. Minimizing turnover as headcount rises is a key component to maintaining stability for longer tenured employees. It also keeps the productivity and morale high which is important for employee motivation.
- Be Positive: During tough times where instability may be high, focus on remaining positive. Keep morale up, especially amongst longer tenured employees, as they are the backbone of your business. Offer small rewards for a job well done, or do something that builds community.
