3 strategies used by WhiteHat Jr to scale their company

Hey!

At best 40% of businesses are able to become scalable and profitable. With competition (19%) being the most significant challenge to overcome, each company has to find different strategies to solve their scalability issues in their respective fields and thrive at the top of their game.

Scaling up businesses needs to be strategic, and you must have the right tools to help you grow. With the right tools in place, you can ensure that your business can handle the detrimental effects of increased workload and deliverability of products, especially during the hyper-scaling phase. The following three tools are your must-haves to grow exponentially:

1. Metric Measurement: every metric that is part of your management dashboard (and that matters) must be measured daily. What must be included are your Level 1 outputs and Level 2 inputs to understand Level 1 issues immediately. The 'Metric Rule of 3' plays an important role, where you: measure every metric that matters daily, have an owner for each metric, review every metric in a management meeting.
2. Create Legends Within the Organisation: promote people fast to scale the organisation quickly. Identify potential within your organisation, have an organisation structure and entrust them with tasks at a high level to test their deliverability. In almost every case, it works. After all, the organisation structure is the best tool for scaling up.
3. Simplify Systems to Scale: are your systems simple and easy to understand and use? When it comes to system decisions, ensure that it's done quickly rather than spending hours and effort on it. A wise thought is to build in-house systems that are already perfected and available infrequently. If you want to scale, then you must treat speed as your lifeblood.

Businesses that carefully consider scalability are much more likely to survive long into the future because they have made provisions. Also, it makes it easier to adapt to economic changes and pressures, knowing when to upscale as required.

Scaling doesn't specifically pertain to expanding and growing businesses. At times you might have to scale down depending on peaks and troughs in your business cycle or due to a recession. Either way, you must be ready to tackle factors that make or break your business. Learn more from Karan Bajaj’s blog.