The Sunday Times 100 found, on average, the top 100 fastest-growing companies in the UK have increased their sales by 104% over the last three years - to a combined £3.2 billion in sales.
These companies created 10,500 jobs over the three-year period, and seven of them are in the Midlands…
But how do you grow your business without facing the problems that can arise with rapid growth?
Knowledge Management
- Knowing your business goals
- Knowing how your employees work
- Knowing how your services are provided
- Knowing how you capture, store, and share information
- Knowing how to use that knowledge to improve and grow your business the right way.
Established and functioning IT support and systems will enable full knowledge management and monitoring.
Standard Operating Procedures (SOPs)
A comprehensive understanding of your SOPs and how they are used to optimise operations and routine tasks is vital for any business.
An SOP is clear-cut directions and instructions for a specific task, from streamlining workflows to improving service quality.
Your business will repeat specific projects, and you need to ensure those projects are completed effectively each time. An SOP enables an administrator to define the personnel, resources and activities that are required.
If you want to scale your business, your SOP must adapt and will be integral to your successful growth.
How to create effective SOPs
- Outline ideal procedures navigating towards best practices
- Create clear and defined standardised approach to tasks
- Create SOP documents for staff members to follow ensuring all documents are approached similarly - maintaining consistency and ensuring clarity and alignment.
Our six steps of preparation before growth:
- Define your objectives - why is the SOP being created? SMART goals.
- Determine stakeholders and creators - engage all personnel affected by the SOP in its creation - C-level executives, management, leaders and employees.
- Define the end user - focus on actual duties and tailor the content to meet those needs.
- Determine scope and format - consider equipment, materials and other relevant factors to the SOP software or document will encompass.
- Gather information - collect all relevant data and procedures.
- Review, test and tweak - conduct training for all involved, allow the development team to provide feedback and continuously refine the SOP for optimum results.
Protect your business as you grow
Our team can work with you to put the practices in place that will ensure the safety - and effectiveness - of your business as you grow.JTNDZGl2JTIwaWQlM0QlMjJzbGlkZUJ1dHRvbiUyMiUyMGNsYXNzJTNEJTIyc2lkZS1idXR0b24lMjIlM0VHZXQlMjBJbiUyMFRvdWNoJTNDJTJGZGl2JTNF
