Kelvin Syms: Best Practices for Managing Business Growth

About the Author

With more than 20 years of experience in the financial sector, Kelvin Syms offers professional consulting and mentoring services to businesses.

Tips for Managing Business Growth

Among the many tips that can be offered on effectively managing the growth of your business, three in particular stand out as good advice.

1. Plan ahead

It sounds straightforward enough, but some CEOs get so caught up in the excitement of growth in the moment that they forget to guard against the future. Be clear about financial goals, and lay out how you will staff new positions. Create a contingency plan as well.

2. Cede Control

Your business is your baby, but you cannot do it all. Utilize the talents of your colleagues and delegate responsibilities as needed. A culture of trust breeds success.

3. Stick to your core values

As your business grows, you are tasked with listening to more and more points of view, whether they come from customers, coworkers, or critics. Remind yourself of your vision and your core audience, and continue to deliver on those commitments.