Everybody wants to scale and grow, but few succeed. There are countless factors that play a role in scaling - people, luck, product, culture, public perception, etc. Unfortunately, we can't control every aspect of growing a company, no matter how hard you may try. So try to let go and focus on the aspects you can control.
There is no magic formula, but there are key areas and best practices to focus on. So, we here at Weekdone combined 7 tips that other successful people have used to generate growth. Are you ready to take your company to new heights? Ready, Set, Scale!
How Software Developers Destroy Business Value.pptx
7 Tips for Successful Scaling and Growth
1.
2. “Scaling becomes a problem of less
because humans and human
organizations can only handle so much
cognitive load. In other words, successful
scaling means finding ways to limit the
number of things that people are
expected to focus on and execute.”
Harvard Business Review
3. A recent study found that 74% of high-growth
internet startups fail due to premature scaling.
1
Identify competitive positioning
Analyze threats and opportunities
Consider unique capabilities and the
investments needed to protect them
Create a shortlist of prioritized work to
advance your position
Be proactive, not active
4. A study done by Endeavor found that companies
where a founder is mentored by a top-performing
entrepreneur are 3 times more likely to succeed.
2
Quality matters: find an experienced mentor
who knows how to scale
Consistent contact is critical: meet at least
once a quarter
Use the time and expertise of these mentors
strategically
Find a Mentor
5. “One of the best ways to beat
bureaucracy at a startup is to get people
to follow principles instead of polices” -
Mike Curtis, VP of Engineering at Airbnb.
3
Remove clutter: find what was once useful,
but is now in the way
Identify previous success and write down a
step to step path to replicate it
Emphasize the value of moving fast
Simplify your business
model and processes
6. “It may seem scary, but hiring forward,
before the demand catches up, is often the
crucial action in a scale-up strategy” -
Allison Maslan, Business Coach and Mentor
4
Perfect match: create a culture deck to
speed up your hiring process
Look for high-performer skills and traits:
grit, rigor, impact, teamwork, ownership,
curiosity
Hire forward
7. “A simple tracking system helps to foster
employee accountability, and identifies
bottlenecks within the company” -
Michelle Zatlyn, Co-founder of CloudFlare
5
Tracking engagement and task completion
helps your business run as efficiently as
possible
Find an online reporting and tracking tool to
fit your needs
Hold your team responsible
8. CLICK TO START
weekdone.com
Get real-time progress updates
Set and monitor goals
Give feedback and more
SCALE YOUR TEAM WITH WEEKDONE
9. OKR Wall of Fame
6
Set goals (Objectives) and measure progress
(Key Results)
Share your goals with co-workers
Create focus: everyone works towards a
common goal
Align your goals: Company - Department -
Team - Personal
Be transparent - have open and clearly
communicated goals
Align your company with OKRs -
Objectives and Key Results
10. “You have to repeat your mission, and
your purpose, and the values you care
about, over and over and over,” -
Sheryl Sandberg, COO at Facebook
7
Make sure new hires know that they were
hired because they align with the company's
mission, values, and purpose
Create new-hire workshops to explain your
culture deck
When making decisions ask yourself: Is this
aligned with our values?
Create a recurring ritual or group activity
designed to strengthen relationships
Keep your culture
11. CLICK TO START
SCALE YOUR TEAM WITH WEEKDONE -
TEAM GOAL SETTING AND TRACKING
SOFTWARE
weekdone.com
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BE MORE PRODUCTIVE NOW
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(that can be absorbed during a coffee break)