Running a small business can feel like a rollercoaster ride.
One minute, everything's going well. The next, you're faced with 'growing pains'.
These might be problems with expanding your business, hiring new people, or figuring out how to use your resources best.
But don't worry, we've got you covered. In this article, we've gathered advice from experienced business leaders who've worked through these same issues. They share their top tips and practical strategies to help you turn these tough growing pains into opportunities for success.
Get your notepad ready and let's dive into their insightful advice - it could be a game-changer for your small business.
Invest in staff training
Billy Lee, Co-Founder of Billy Aircon says that keeping up with rapid technological advancements is crucial. Billy mentions, "Newer models came with complex features and integrated technologies that required continuous training for our technicians."
Businesses should invest in training to adapt to technological shifts, ensuring their teams can provide top-notch service.
Manage time off
Phil Norton, from Leave Dates which provides a holiday tracker for small businesses, emphasises the importance of ensuring business continuity and operational efficiency. According to Phil, "Unexpected or prolonged absences can disrupt workflow and productivity, creating stress among other team members." To overcome this, businesses should prioritise effective staff leave management, demonstrating respect for employees' work-life balance.
Win Back Clients
James McNally, Managing Director of Self Drive Vehicle Hire, discusses the challenge of losing long-standing clients during a specific growth phase. James suggests, "Remarketing campaigns, especially an employee loyalty program, can successfully win back clients." Businesses should carefully assess the effectiveness of their marketing campaigns, ensuring they cater to both new leads and existing clients, preventing potential setbacks during periods of growth.
Use automation with personalisation
Julie Anderson, Chief Strategy Officer at Global Residence Index, provides insights into scaling personalised services during global expansion. According to Julie, "Maintaining the same level of personalised service for an increasing number of clients presented quite a challenge." To overcome this, businesses should invest in technologies that efficiently balance automation and a personalised approach, ensuring a unique customer experience even during periods of rapid growth.
Anticipate and plan for potential challenges
Elara Kestrel, CEO of Best in Hood, shares the challenges faced in scaling the review process for an online platform. Elara highlights, "Scaling our review process became a challenge as the influx of businesses wanting to be featured on our platform grew exponentially." To address this, Elara recommends anticipating potential challenges, investing in technology, staying true to values, and maintaining open communication during business growth.
Adapt to Marketing Trends using AI
Noel Cabral, Founder of NoelCabral.com, emphasises the importance of forecasting and adapting to marketing trends. Noel suggests, "Forecasting marketing and social media trends with the help of AI can keep businesses one step ahead." Businesses should leverage technology to monitor emerging trends and modify marketing campaigns accordingly, ensuring they remain relevant in a rapidly changing market.
Use freelancers to meet demand
Sally Johnson, CEO & Founder of Greenlightbooking, shares her experiences handling an influx of clients with limited resources. Sally recommends hiring freelancers to meet demand quickly and efficiently during such periods, especially when faced with a staff shortage. This strategy allows businesses to complete projects on time and maintain customer satisfaction.
Scale IT Infrastructure
Krishna Rungta, Founder of Guru99 Tech Pvt Ltd, discusses challenges faced in scaling server infrastructure during traffic surges. According to Krishna, "Planning infrastructure scalability well in advance is crucial for a seamless user experience." Businesses should invest in a good hosting service and monitoring tools to ensure their backend can support a growing user base without compromising performance.
Be resourceful
Frances Bradley, Director of Lelloliving Ltd, shares insights into sourcing challenges and physical space during rapid growth. Frances advises businesses to remain resourceful and fluid before committing to advanced supply chain solutions and larger premises. This approach allows businesses to adapt to unexpected challenges and changes in the market.
In conclusion, navigating growing pains in small businesses requires a strategic and proactive approach. Learning from the experiences of these business leaders provides valuable insights and practical strategies. Whether it's managing staff leave, adapting to technological shifts, or scaling personalised services, these tips can help turn challenges into opportunities for success in your small business journey.
Phil Norton is the co-founder of Leave Dates, the employee annual leave planner. He loves problem-solving and making life easier for small businesses. If you book a Leave Dates demo, he will give you a warm welcome and show you everything that you need to know.