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Scaling-up the business is a dream of every Entrepreneur. Yet research shows only 4% of Business Owners are able to grow and scale-up their businesses.

Working with Entrepreneurs and Business owners for the last 22 plus years, supporting them scale-up their businesses, I have observed that Scaling-up is a possibility for every business – if we execute a winning strategy. Am sharing here the 4 steps involved in a successful scale up journey:

1. Setting the Direction – It’s about setting the compass; defining where to play – in terms of products / services, customer segment, price point, ticket size, Geography. And defining how to play – the differentiator, competitive advantage, answering why us, leading to clarity on direction, the road-map and milestones.

2. Facilitating Enablements – building necessary competencies and capabilities within the business, acquiring and building required talent, creating an organisation structure, an appropriate roles & responsibility structure that would support the journey, and provide clarity to the team.

3. Carrying out the Reviews – Setting up appropriate review systems within the business at frequent intervals at multiple levels to take stock of what’s happening and make course corrections as required pro-actively.

4. Maintaining Fitness – Avoiding fat in the belly, Creating and maintaining fitness amongst the people, the functions, the processes, thus avoiding accumulation of fat at wrong places and remaining healthy as a business.

Once we consciously plan and execute these steps, Scaleup happens!

Business Owners could create a support system around them to facilitate the Scale-up journey – including working with a Scaleup Coach and building the relevant Scaleup leadership skills with the help of a Scaleup Coach.

My name is PK Narayanan

Wishing you the best, Thank you.

#ceo #scaleup #business #leadership