Rapid growth is something that we all desire as business owners. However, often times we aren't set up in our businesses to handle this growth in an effective manner, neither systemically nor emotionally. The tips that I have for you today should help you think about your business and identify the weak points that may need improvement in the event of unexpected growth. 

 

What you'll hear in this episode:

[1:15] What are some common challenges that businesses incur when they have a rapid growth spurt?

[2:37] What are some mindsets that you need to have in place if you are to experience rapid growth?

[5:01] Build a proper financial infrastructure.

[7:15] Make sure that you understand the cash flow in your business.

[11:02] Start thinking strategically about your business now, not when you start growing rapidly.

 

* Related episodes:

Revenue Goals That Actually Move the Needle

Ways to Increase Revenue If You Hate Sales

What Traits We Look For in a Client

 

Tactical Resources:

5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh

Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa

Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash

Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide

CFO Power Session: Text POWER to 860-609-6374

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

 

Additional Resources:

Find everything you need at https://www.keepwhatyouearn.com

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Hire us: https://www.fitnancialsolutions.com/accounting

Find me on IG https://www.instagram.com/shannonkweinstein/

Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

 

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.