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As you manage the day-to-day operations of your small business, sometimes
it’s difficult to step back and take a good look at the big picture. But as your
company grows, you’ll need to figure out what your management plan is to
handle that growth. It’s a good problem to have, and the following tips can help
you face your growth head on:
Reevaluate your business plan. Although this plan was
perfect for your business start-up, you’ll need to tweak and revise it to fit
your growing bottom line and basic business needs.
Evaluate financial statements. Because your financial
statements provide a reflection of the health of your business, project case
flow ahead several months based on reasonable estimations of sales and income.
Also project for regular payments and other spendings. By comparing actual cash
flow to projections, you can spot changes that will help improve
performance.
Delegate. As you grow, the demands on your time will grow
right along with it. Identify employees, freelancers or outside sources who can
take on some of the routine and managerial responsibilities. You will not be
able to “do it all,” and still expect your company to maintain healthy
growth.
Identify trends. Always keep an eye out for the issues or
trends that affect your business or industry. Whether it’s changes in the
nation’s foreign policy, or community developments that make an impact on your
customers, maintaining an awareness of possible change can help you anticipate
customer needs.
As your business continues to grow, your ability to manage that growth can
help your business continue to succeed.
Source: SCORE “Counselors to America’s Small
Business.” | 
