A high-growth environment is one with rapid expansion in terms of both personnel and workload. While this can be an exciting time for any business, it can also be a challenge to maintain quality control and keep everyone on the same page. Carl Iberger shares a few tips to help you thrive in a high-growth environment.
1. Define your company culture from the outset.
When you’re small, it’s easier to keep everyone on the same page because there are fewer people and fewer going on. As you grow, it becomes more important to establish and communicate your company culture so that everyone is aware of the standards and expectations. This will help new hires hit the ground running and avoid any missteps due to cultural differences.
2. Invest in tools and processes that scale.
As your company grows, you’ll need tools and processes that can accommodate that growth. Trying to do things the same way you did when you were small will only lead to frustration and inefficient workflows. Do some research upfront so you can implement scalable solutions that will save you time and headaches down the road.
3. Delegate, delegate, delegate.
It’s easy to feel like you need to do everything yourself when you’re first starting out, but as you grow, it becomes increasingly important to delegate tasks and give others the opportunity to step up and contribute. Not only will this free up your time so you can focus on more important things, but it will also allow others to develop their skills and take on more responsibility within the company.
4. Be open to feedback—and act on it.
No matter how well you think you’re doing, there’s always room for improvement. As your company grows, make sure you’re open to feedback from employees, customers, and other stakeholders. Then take that feedback and use it to make necessary changes in your business model or operations. Remember, feedback is a gift—use it wisely!
A high-growth environment can be both exciting and challenging for any business according to Carl Iberger. By define your company culture, investing in scalable tools and processes, delegating tasks, and being open to feedback, you can set your business up for success no matter how fast it’s growing.