Scaling a business entails growing an organization by increasing its revenues and/or expanding its operations. Scaling has recently become an increasingly debated topic for startups and small enterprises. The reason is simple: startups need to find ways to develop swiftly and effectively to succeed. However, it is easier said than done.
CHALLENGES FOR BUSINESSES
A closer look reveals that running a business is similar to sports in many ways. Business success rests upon the shoulders of the entrepreneur and the team, whereas the team manager does the same for the team. Despite these, there are other similarities as well. For instance, losing is not an option for entrepreneurs and managers. In addition, the entrepreneur has to ensure business survival even under dire circumstances, while the team manager does the same for his team. Despite similarities, there are challenges upfront they both face while nurturing a team and a startup.
In order to ensure the success of a business, one has to reduce risk factors. A sports manager does that by exploring possible risk factors that might lead to failure, while an entrepreneur does the same for business, albeit with some help. The team manager protects players from injuries and enhances their performance using various methods such as conditioning, practice and fitness exercises, and strength enhancement. Hiring risk managers allow businesses to factor in common and uncommon risks and ways to get rid of those. Risk assessment also includes analyzing market ups and downs based on rumours, economic conditions, and trade balance.
One of the most significant challenges for entrepreneurs is determining how to expand business operations without experiencing cash flow problems or other financial struggles. Also, resource allocation issues can hamper a business’s productivity and efficiency. Furthermore, when a firm expands in size, it might be difficult for her to maintain consistency in service or product quality for its customers. Fortunately, various resources are available online and in the market to assist entrepreneurs in navigating these hurdles and efficiently scaling their businesses.
Dealing with business failures is an integral part of running a corporate firm. But how one deals with it depends upon their mindset. Some people understand their company’s financial position and make decisions wisely, while others keep panicking about their business downfalls. It begins with people’s flexible attitude and willingness to perceive things positively and make sound decisions. People often listen that failures are part of the success journey. In reality, it also includes the downfalls they face in their business operations and not only in their academic records. Following the examples of some industry leaders might help them overcome such situations.
Doubtlessly, the lives of successful business owners are a complete guide for people seeking careers as entrepreneurs. These industry leaders have certain traits in common, and they follow some principles of running a business. It does not mean they have never faced such situations, but they know how to deal with them. There are ten rules that startup firms must follow to deal with unfavourable situations effectively.
THINKING AHEAD – THINKING BEYOND SUCCESS
When starting a business, they must identify all the possible failures their firm might face. Creating a roadmap will help them to keep heading toward the correct path. It is a fact that these steps are taken before launching a business, but one can still plan, as there is nothing bad in it. Many successful entrepreneurs follow measures to maintain their business growth. There are seven things that people should analyze over time;
- Mission and vision statement
- Core values
- The unique selling point of their products and services
- Business niche
- Prospects finding ways
- Marketing and advertising strategies
- Possible risks and threats
- Competitors’ activities
Swot analysis is the best method to assess a business’s internal and external situation. It is influential in determining weaknesses and strengths and helps people know about the areas of improvement. Industry leaders have relied on swot analysis to make their firms stand out from the rest.
Below is the breakdown of different aspects of swot analysis that business owners should consider;
- Strengths – Highlights the expertise of a business.
- Weaknesses – Highlights all the negative factors that can damage the organization’s functions.
- Opportunities – Determines all the possible ways one can make the most of their business.
- Threats – Determines all the external factors that can ruin smooth business operations.
CASH FLOW MANAGEMENT
Maintaining a consistent cash flow is necessary to ensure a business’s success. If the cash inflow stops, a firm won’t be able to bear expenses. For this reason, business owners need to forecast the financial status and make decisions accordingly. Although the forecast cannot be completely accurate, it will give you insights into the future.
Summing up, business failures and successes are part of everyone’s life. To best deal with uncertain situations, people must consider all three steps described above. They can also learn from the examples of other successful entrepreneurs.
Scaling Business Play by Play: Football Edition – An Insightful Read
Scaling Business Play by Play: Football Edition by Greg Waidmann is an excellent resource for learning how to scale your business.
The author of Scaling Business Play by Play provides a comprehensive explanation of scaling a business. The book debunks the idea that scaling necessitates epic, death-defying tactics. Scaling can instead be done with one move at a time. It only requires some thinking and a well-planned strategy.
Scaling Business Play by Play highlights seven scaling tactics when you opt for value addition to your business. The book presents the game of Football as an example, where players use ‘tactical moves’ to weave together instances to score the winning goal – an epic accomplishment that can be replicated, taught to others, and documented to add value to your business.
EDUCATING ENTREPRENEURS ON HOW TO SCALE THEIR BUSINESSES
The ideas described in the book may help your organization produce extra value at a comparable (or lower) cost or effort.
Business is a thinking game, and you are the captain. Great captains always come up with out-of-the-box ideas to add value to their troops by leading from the front on the field and providing inspiration off the field to succeed.
The seven key strategies and systems to scale any business are:
- SCALE THROUGH YOUR BRAND
- SCALE WITH THE FANATICS PHENOMENON
- SCALE THROUGH MARKETING
- SCALE THROUGH THE LOCKER ROOM
- SCALE THROUGH PRACTICE
- SCALE THROUGH OFFENSE
- SCALE THROUGH DEFENSE
THE BUSINESS-SPORTS CONNECTION
There is a peculiar connection between sports and business. Both fields require patience, endurance, practice, determination, perseverance, and skill.
Scaling Business Play by Play Football Edition is a captivating, motivating, and interesting read as it combines the tactics used in the most beautiful game with the fast-paced business environment where startups are fighting for their survival. After all, survival of the fittest is the name of the game in the business world.
More than 31 million small enterprises are active in the United States, employing 61 million people, or about 50% of the labour force. In addition, 160 million football enthusiasts in the United States represent about half of the population. This book targets all business and sports enthusiasts.
This playbook contains tools and recommendations for scaling your business while highlighting examples from Football. It entails strategies for every scenario – from extending your consumer base to entering new markets. Furthermore, it offers an easy-to-use, step-by-step approach to help entrepreneurs understand what move to make and when. It’s all about making the right move at the right time. Therefore, this playbook is for you, whether you are a seasoned entrepreneur or a novice businessman.
A FOOTBALL-LOVING ENTREPRENEUR TURNED AUTHOR
Greg Waidmann is an entrepreneur, author, and football enthusiast who has put in a commendable effort to bring forth an exciting and motivating book for entrepreneurs that will help them scale their businesses. His passion for Football transcends his profession.
The book presents many actionable steps entrepreneurs can take to grow their businesses. If you are into team building, marketing, sales, and product development, this book is for you.
Moreover, Waidmann provides some exciting and engaging case studies and real-world examples to illustrate his points, making his book an invaluable resource for any entrepreneur looking to take their business to new horizons of success.
Waidmann is an entrepreneur by profession and a born football aficionado. His professional experience spans over two decades in the retail and R&D sectors. He has enjoyed phenomenal success throughout his career, for which he is indebted to the extraordinary individuals who worked on his teams or mentored him along the way.
Throughout his career, Greg Waidmann has conducted and supervised several hundred training programs and discovered that writing is one of his passions.
According to Greg, “God has a plan for every person. The only true control we have, according to Waidmann, is over how we respond to the problems God sends to us.”
WHAT WILL YOU GET?
What you are going to (hopefully) read is a playbook. Waidmann expects that you will not merely read it but implement the strategies mentioned therein and use it as a roadmap to scale your business.
This playbook is a meticulously designed strategy – a befitting result of years of passion, determination, dedication, perseverance, and a never-say-die attitude.
Get Your Copy Today!