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How Start-ups can Overcome scaling-up Challenges

How Start-ups can Overcome scaling-up Challenges

How Start-ups can Overcome scaling-up Challenges in Nigeria- Every start-up faces challenges of scaling from small to medium. And from medium to large entities. Such challenges include poor planning, poor leadership, and product or service differentiation. Others include ignoring the needs of customers, and not learning from failures. This is why every start-up scaling operation must be strategically planned and executed. And, now, this How Start-ups can Overcome scaling-up Challenges

Therefore, get expert tips at cessummit.com to take your business to the next level. Read, understand and follow the handful of strategic ways to grow your business. They are hot, profitable and untapped business growth ideas in Nigeria.

What is a scaling-up strategy? How Start-ups can Overcome scaling-up Challenges

Scaling up for growth strategy is about creating business models and designing an organization in a way that promotes growth scales. These must be strategically designed in order to generate consistent revenue growth. Therefore, to plan for business scaling up you must know the importance of doing so.

So, why is it important to overcome (scale up) challenges?

We understand that hard times stimulate growth actions. And that is to say that facing challenges and navigating your way through them builds resilience capacity. And by this experience, you get to know that you can overcome obstacles, learn from struggles, and benefit from mistakes. These help you lay a solid foundation for success in later life. Read more about How Start-ups can Overcome scaling-up Challenges

So, are you a start-up business owner planning to scale up? Then, find tips on how to overcome start-up business challenges in Nigeria at cessummit.com. Do not hesitate to contact us at 234-8034347851 if any help is needed. These are Strategic Planning Business Consultants that work to promote your Brand Awareness & Marketing Research for Start-ups in Nigeria.

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How Start-ups can Overcome scaling-up Challenges

How to Overcome Challenges of start-up Scaling up:

Most start-ups are small-scale businesses. And, it’s these same small businesses that would want to grow or scale up to a medium size businesses. As a matter of fact, scaling up requires that you get to know certain things. In fact, the difference between a small business or startup and a successful and profitable company normally boils down to location, time management, and experience. These are detailed below.

In addition, are other factors that play a big part in how those big companies grew to be successful. These you must know, having in mind that these so-called big companies now were startups at some point. So, as hinted above things like timing issues, having the right workforce, focus, and intensely hard work, made them what they are today. Get details below.

A Success Story: How Start-ups can Overcome scaling-up Challenges

In this post, we show you the plenty of opportunities you have to succeed. First, is the story of Jumia; an eCommerce company in Nigeria. This company was a startup faced with but conquered the many startup challenges in Nigeria. Today it has expanded to other African countries to the extent that it has been tagged by many as ‘The Alibaba of Africa’. This company has empowered, employed, and contributed to the African economy since its inception in Nigeria. The end of the story is, if it made it, you can also make it. Think about Jiji, Konga and PayPorte in Nigeria.

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How to Overcome Challenge of Scaling Your Startup:

So, are you an entrepreneur who is looking at scaling and taking your business to the next level, here are some of the ways to overcome scale-up challenges.

  1. Keep your business processes as simple as possible. Then focus on these processes and if possible automate them. In otherward, please, avoid complex processes. Note that complex processes require more meetings and more explanation. It also requires more refined communication with the customer and more people in the workflow. And in most cases more cogs in the machine. This is why it’s believed to slow businesses down and inhibits growth. This is How Start-ups can Overcome scaling-up Challenges.
  2. Win the love of your customers. So, try to nourish customer loyalty. Knowing that acquisition of customers is important in any business, you need to focus on the customers you have so that you can win their love. This is because customer perceptions can make or break your business. Therefore, when you delight your customers, and they share that delight, your business grows. Check our why you must narrow your market base here.
  3. Stay tuned to your business and hire smartly. As a matter of fact, as you grow your business, one of your goals should be hiring smart talented people to handle various tasks. This is because as a business owner, you can’t be involved in everything. Therefore, it’s important to delegate and let other better-suited people handle the work. So, recruiting-well the right people matters. This is because no matter how great your business idea may be, you won’t get very far if you don’t have the right people to turn your idea into reality. But then stay tuned into your business. The workforce need proper coordination and directions.
  4. Financial issues – The next challenge to take care of is the financial issues. These may be physical cash and its equivalents or the financial records. Visit here to check on our topic of how non-accountant CEO manage their business accounting information. And for business funding check here. Read more about – How Start-ups can Overcome scaling-up Challenges
  5. Company culture. This defines your company core values. These are the ways and how you do what you do in your business. It includes personnel and management behaviors and values. For instance integrity creates an experience for your employees and customers.

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How Start-ups can Overcome scaling-up Challenges

Furthermore, re the followings. Just read on.

  1. Make yourself known. Take all possible measures to make yourself and your business known.
  2. Commit to growth. Business growth takes more than a founder to build a successful business and scaling up requires an expanded skill set to do so.
  3. Collaborate with many. This will also require you to help others. So, in collaboration you seek help and also give help. Experience has shown that no one does it alone. Let me ask you; have you at a time been with your car mechanic who tells you he was going to take a CAR part to another person for repairs? That is collaboration. No one does it alone.
  4. Improper planning or non-planning at all. This is a fatal error. So, make a business scale up plan. Cessummit.com will help you do this. It’s true that you don’t know what is going to happen in the future, but its better you plan ahead.
  5. Get the essential business support services. We talked about a scale up business plan above. This may not be the only business support service you need. If your business must run an efficient bank account you need a SCUML certificate. And if you will need to scale up by bidding for Federal government contracts you will certainly need your business tax clearance, PENCOM, NSITF, ITF and BPP IRR certificates. Happily enough, these form the core service offerings of cessummit.com. So, we can help you apply and obtain all of these certificates. Our professional fees are very minimal.
  6. Know You’re Not Alone. Every person in this world has his/her low points. Business shake-ups are a universal thing. And of course you know that business has not been what it used to be before COVID-19 arrival. So, you are not alone. Cheer up. So, please, Feel Your Feelings. Think Big. Have a Positive Mindset. Check out – How Start-ups can Overcome scaling-up Challenges
  7. There are no shortcuts in scaling up a business. This is true. So, do not think otherwise. This is because as your business begins to grow, you may be tempted to make cuts and take shortcuts in order to reach your next goal faster. This is not good. It is because there’s no more surefire way to cripple your business than to cut corners and try to take the easy path to success. In fact, experience shows that this always backfire in the long run.
  8. Instead, Ask for help. Accept Support. Do not be like other entrepreneurs who often view asking for help as a sign of weakness. Such think that asking for help means they’re somehow exposing their vulnerability. I tell you, the most successful entrepreneurs didn’t become effective leaders because they were good at bossing people around or because they had all of the answers all of the time.

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How Start-ups can Overcome scaling-up Challenges

How Start-ups can Overcome scaling-up Challenges

Cessummit business support offerings:

Cesummit Business Support Services are start-up and existing business support services for both small, medium and large business. Contact us on +234 8034347851 or +234 905 313 0518 today for Cessummit Business Support Programs & Services.

As a matter of fact, Cessummit business support offering supports your business by the following offerings.

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Summing Up on How Start-ups can Overcome scaling-up Challenges

Summing up on How Start-ups can Overcome scaling-up Challenges in Nigeria you will understand that scaling challenges cover small, medium and large entities. And that generally, the challenges include poor planning, poor leadership, product or services differentiation. It’s also noted that cessummit.com can take your business to the next level with her handful of strategic ways to grow your business. In fact, these are hot, profitable and untapped business growth ideas in Nigeria. So, if you need help scaling up your business, contact us for help. Have you known – How Start-ups can Overcome scaling-up Challenges

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