If you want to grow your small business into a medium-sized business, then you need to understand how to scale up your business.
Here is our RapdiKnowHow business model: Establish the Medium-Sized Business that helps you succeed.
Establish Your Medium-Sized Business
Scaling up your medium-sized business arguably results in one of the biggest challenges for entrepreneurs.
The foundation is a successful established small business.
You have established your new business model by using a structured business model testing approach that guides you from your first concept to a successfully verified business model.
Join forces with customers you know are in need of your new business model. Partner with them in testing and developing your new business model.
Growing Your Medium-Sized Business
If you want to grow your small business you need the following assets :
- Verified Business Idea
- Production Sites
- Production Assets
- Distribution Equipment
- Sales Channels
- Highly Qualified Employees
- Business Partners
As a medium-sized business, you will have to compete with new competitors or you will create a new market space thereby becoming the market shaper that eliminates head-to-head competition.
You’ll also need trained and skilled staff, or find the budgets and time to train them amongst your own employees.
Getting Started: What Are Your Goals
Knowing how to grow your medium-sized business is an important early first step. Next, you will outline what your goals are for your business by using this short checklist:
- What is the VISION for your business
- What is the MISSION for your business
- What do you want to achieve in 3-months (QUICK WINS)
- What do you want to achieve in One-year
- What are your own skills that makes you unique
- What are critical skills you need to build or buy?
Today, we’ve learned how to scale up your small business into a medium-sized enterprise. To Your Success!