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Tips for Scaling up a Business

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While the UK continues to see more entrepreneurs establishing their start-up ventures, the number of firms that manage to experience quick and significant growth is low. Businesses that scale up, or achieve an average of 20 percent annual growth in turnover or staff size in a relatively short period (three years), face a number of challenges including forming a good team, finding the right financing option(s), and accessing the local and international market.

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Tips for Scaling up a Business

  1. 1. TIPS FOR SCALING UP A BUSINESS ALI SEYTANPIR Investment
  2. 2. 2 Tips for Scaling up a Business ALI SEYTANPIR INVESTMENT Tips for Scaling up a Business While the UK continues to see more entrepreneurs establishing their start- up ventures, the number of firms that manage to experience quick and significant growth is low.
  3. 3. 3 Businesses that scale up, or achieve an average of 20 per- cent annual growth in turnover or staff size in a relatively short period (three years), face a number of challenges including forming a good team, finding the right financing option(s), and accessing the local and international market. For a start-up operating in the modern age, it can be distrac- ting to spend time establishing which type or form of software to use. In some instances, it’s good to adopt the ‘make do’ approach or ask around regar- ding what software others use and what has worked for them. Another important aspect that start-ups have to consider is how to attract customers and market their services on a limi- ted budget. Social media has done a lot to help firms genera- te buzz around their products, but what also goes a long way is taking care of customers to the point they become staunch advocates. In business, word- of-mouth marketing is quite effective. Another important aspect that start-ups have to consider is how to attract customers and market their services on a limited budget.
  4. 4. To learn more about this topic, visit the blog of Ali Seytanpir.

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