The best way to grow a startup service business is through referrals. This approach removes the need for sales and marketing expense while at the same time providing a third party reference that makes the sale easier and the price higher....
The right premises is the location that provides the maximum return while keeping costs low and flexibility high. The modern day equivalent of the burger van you can continually re-locate to where the crowds are....
As soon as your business starts to develop beyond a sole trader situation you need to have a management team in place to support operations, decision making and making it easier to obtain finance. It will also take pressure off you - reducing workloa...
Beyond turnover and profitability, additional financial controls should provide a deeper level of insight into the business which can be fed back into your plans and projections to highlight future risks and opportunities....
How far you should grow your business depends on finding the right balance between opportunity, personal capability and personal aspiration. It is important to be honest about what you really want as money is not always the full story....
