If yours is among the businesses enjoying the same upward trend as others in Mission Viejo, CA, and Orange County in general, expanding your business may now be in your sights. Although that means exciting times are ahead, it also requires you to lay a firm foundation and restructure your business so that it can scale sustainably.
These are three things to focus on as you grow your business.
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1. Finding Bigger Office Space
If your business involves receiving customers regularly, securing a bigger office needs to be at the top of your priority list. It’s best to do this before taking on new customers, so you don’t invite them into a cramped space.
If you’re not certain how much the company may grow, try renting out a space that has vacant offices nearby in case you need to expand. This helps you avoid overspending on rentals, and you can take advantage of common bulk discounts in the Mission Viejo business district when it’s time to grow further.
You also have to get new furniture, especially if you want your growth to coincide with a refresh of your business’ image. Chairs are particularly vital since periods of high growth may require employees to spend long hours sitting at their desks. Even if you don’t have a lot to spend, you can still find a wide selection of quality office chairs. To make the potentially extended work hours more comfortable, get adjustable chairs with the right height and sturdy lumbar support.
2. Expanding Your Workforce
Although it may make your hiring slower, try to fit extensive interviews into your recruiting process. Your new hires require special skills that may not have been as critical when your business was smaller. For one, they need to be comfortable with a fast-moving environment where processes may take a while to stabilize. That’s just a normal part of scaling.
It’s even better if you can find recruits who are thrilled about contributing ideas and growing their skills to align with the business’ needs, particularly if you foresee more periods of high growth.
If you absolutely need to find new staff fast, consider seeking help from recruitment agencies. But thorough interviewing on your end must still be part of the vetting process. That’s all the more crucial as you want to show existing customers that your expansion doesn’t have a negative impact on the quality of service you deliver.
3. Sourcing New Capital
If you don’t have enough capital to grow at your desired pace, consider taking advantage of Mission Viejo’s favorable venture funding climate. But going this route adds a few more processes to your growth, namely:
- Drafting an updated business plan to convince investors that your business is a good bet.
- Creating a pitch deck for presentations.
- Collating your previous earnings and projected financials after receiving investment.
- Researching the venture capitalists most comfortable with your market segment.
Take the Next Step Up
When you have the chance to scale and make your business more resilient, pouncing on the opportunity can pay off after you’ve planned well. Seek help from the website design and online marketing team at Nelsonecom to ensure your digital presence grows as well.
Image via Pexels
Image via Pexels
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