While related, there is a distinct difference between growth and scaling. For your business to experience growth, you generally need to increase your expenses and overhead, i.e., adding employees, increasing office space for those new hires, etc. Scaling, however, is increasing your revenue without making a significant investment of resources. That can be done by reviewing your current situation and making strategic decisions on areas of potential growth that won’t set you back financially.
What is Scaling? What is Growth?
I’m ready to expand my business, but I don’t know the best way to do it.
So, you’ve started your new business and are ready for customers or you want to grow your current business, but where do you start? Mosaic Business Consulting can help you develop a roadmap to expansion that aligns with your current capacities and goals while planning the next level. Laura is an expert in the growing and scaling of your business and will help you determine which avenue is right for you. Or the best strategy may be a combination of both. She will know how to proceed, always with an eye to your specific company and its individual needs.
For help growing and/or scaling your business, contact Laura:
FAQ FOR COACHING ABOUT SCALING AND GROWING
What does “scaling my business” mean?
Scaling is taking a well operating business and enlarging it, adding new locations or expanding service offerings. In order to scale, you must have a proven system that functions without you and that can be codified, or mapped out, for others to follow.
How do I know when it is time to scale my business?
Scaling your business is a big decision. It will require extra time and effort and leadership from you. However, if you have outgrown your space, have the resources to serve more customers or clients and feel the business has a solid system that can be replicated in other markets or in other ways, scaling might be for you!
What are some of the ways I can use a coach when scaling my business?
A business coach can help you decide if it is time to scale your business, can evaluate your plan to scale and can point out possible challenges ahead. A business coach can also help you decide if you are mentally and fiscally ready to take your business to the next level!
How long is a typical coaching engagement?
The length of engagement depends on the needs and the complexities of your business. You may want to hire a business coach to create your scaling plan, to see the business through its expansion or to continue supporting the business after it reaches its new pinnacle of success. It all depends on your personal goals and the needs of the business.
What is the typical investment for coaching?
I offer my services by the hour, by the project or as a retainer of hours, depending on the needs and complexities of your business. After our initial consult, I will prepare a custom proposal based on your needs and goals.