The Key to Scalable Growth: Knowing Your Worth
Updated: Apr 26, 2022
Scalable growth is the goal of any properly run business, but knowing when to be aggressive or conservative is always a tricky balance to maintain. Many experienced entrepreneurs often tell people to look towards the conditions of their industry. What we would advise however, is to look inward instead of outward.
Outside conditions change quickly and often. No one can completely control or predict the conditions of the free market and all its players. The COVID global pandemic being only the most recent example.
We propose that instead of letting external market conditions influence your decision making, look to the strength of your own company. This is what we did for two recent clients that wanted to take the next step in their growth but were unsure of what steps to take.
Know Your Value
Valuation is a common process that businesses need to undertake in order to attract investors and stakeholders. It’s formal proof that a company is worth what they’re paying for and is a safe bet for investment.
While the influence of the valuation process is meant for external use, it also has several internal positive effects as well. Not least of which is the morale of the company when they realize what they’re actually worth.
There’s no better feeling than having detailed reasons that explain why you’re awesome as this Clutch review easily attests.
Confidence to Grow
The difference between looking at the market and looking at yourself is that you’ll mostly see obstacles and challenges with the former. Companies that take the latter are more confident in their abilities and with good reason.
After getting their valuation they were all-in for their growth and just needed a plan to guide them through the process. Our team was more than happy to provide the plan for this venture, which is the biggest highlight of the review.
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