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Most small business owners can\u2019t afford to think small. They always need to keep their mind on growth strategies to help them achieve long-term profitability.<\/p>\nMost small business owners can\u2019t afford to think small. They always need to keep their mind on growth strategies to help them achieve long-term profitability.<\/p>\n
But becoming profitable in the first place often requires business owners to work long hours on a shoe-string budget. They don\u2019t always have time to implement systems that will support them when they\u2019re ready to scale. It\u2019s not uncommon for entrepreneurs to use free or low-cost software solutions that can get them up and running, but hold them back as their needs evolve.<\/p>\n
Read on to learn if it\u2019s time to upgrade your current systems to support your small business as it grows \u2013 and what to look for. If you\u2019ve noticed, month after month, your profits are continually increasing, it\u2019s likely time your business takes steps to increase capacity.<\/p>\n Beyond financial growth indicators, at this stage you may have already noticed a need for change. You may have experienced:<\/p>\n If you\u2019ve experienced any of these issues, it may be time to look at hiring more staff, implementing new systems \u2013 or both.<\/p>\n 2. Increased errors<\/strong><\/p>\n Too many mistakes may be the direct result of capacity issues from sudden increased growth \u2013 or an indication your systems weren\u2019t the right fit in the first place.<\/p>\n Errors are a serious problem for any small business, and pose a big risk to the long-term sustainability of the company. A small business that frustrates its customers by losing orders or filling them incorrectly, makes poor decisions because its numbers are inaccurate or fails to maintain adequate inventory can quickly find itself closing its doors.<\/p>\n If you notice consistent mistakes in one or more areas of your business, looking your systems is a good place to start. Then you can make appropriate upgrades to eliminate frustrating and costly errors, and increase overall efficiency.<\/p>\n 3.\u00a0 Tips for implementing new systems<\/strong><\/p>\n Change can be challenging for businesses, but without change, a company can\u2019t reach its growth potential.<\/p>\n The key is to stagger big changes over time and, whenever possible, overlap implementation of new systems to minimize service disruptions.<\/p>\n Follow these tips when it\u2019s time to upgrade your business systems:<\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
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\n1. A growth spurt<\/strong><\/p>\n\n
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