by Jason Holmes
There are some things in life that the more you have the better it is for you. When it comes to a startup business, growth is such a factor. However, it is not that growth in a startup business is all good and no bad. There are some pains that come with growth and you can find out and employ strategies and tactics in order to manage growth for maximum amount of success. The main motive of a startup business is capitalizing on a given opportunity. When your business is growing, you will get plenty of opportunities. Your challenge will be to find the right one and focus on it and not be distracted by the others. This challenge of focus is omnipresent in all aspects of a startup business starting from strategic choices regarding product development to everyday decision making and increasing productivity. Also you have to combine flexibility along with focus as major goals since startup businesses usually compete in markets that are rapidly evolving. Here are some tips that can help you stay on the path of focus and follow the path of success.
Don’t select too many things to do – The main idea behind focus is that you have to try and be good at a few things than being mediocre in a number of things. This principle can effectively be applied to your core competitive advantage, the high level strategic goals you have come up with, the tactical plans you are going to use and your everyday priorities along with your enduring cultural values. You should avoid complexity at all costs.
Over-communicate the strategy – Executives of startup business spends a considerable amount of time talking about strategies. However, you should remember that most of your team doesn’t have the whole picture on what is going on as their jobs are only pieces of a large puzzle. It is not an easy job to over-communicate your strategies, goals and plans to your employees. Irrespective of your methods you should make sure that the larger goals of your startup business is conveyed to your employees. Such understanding will create leverage for your business.
Look for daily reinforcements – You should know that classroom learning doesn’t stay on without any practice. If you want that your team will stay focused then you should recognize distractions which aren’t worth their time and point out how everyday activities and progress is able to relate to the larger strategy.
Make plans that are simple yet concrete It is important that you keep your plans simple. You should only plan things which you will definitely do and avoid wasting time by over-planning things. Not only planning things that you simply have the bandwidth to get done is wasting of time but more importantly it creates distractions. You should keep your plans concrete. It might be that your strategy is lofty and difficult to tie anything short of revenue or costs, however, your plans should be solid with deliverables that are specific and can be clearly categorized as done and not done to facilitate their execution.
Thus now you know 4 strategies of startup business to help you.
NOTE: Jason Holmes is a regular writer with http://www.debtconsolidationcare.com/ and is also a contributory writer with other financial sites. His expertise is woven around various aspects of the debt industry and with his e-books he tries to impart to people the different situations and simple solutions to get out of difficult situations. Some of his works include e-books like ‘Credit Score The Quintessential Therapy for a Happy Pocket’, Take Creditors and Collection Agencies to Small Claims Court’ and, My Story- From Depression To a Smile’.
I thought this was a great article when I read it because we just went through the process ourselves of starting up a business and setting up the website etc. Now i learned some strategies. Anyways glad to found your site. It’s very informative!