Description

Growing too fast can feel like your business is running you, not the other way around. Between cash flow management, hiring new team members, and optimizing operations, the challenge can seem endless. So, how do you scale without crumbling under pressure?

On this episode of Become Sensible, Fiona and Anh discuss the critical steps to scaling a business successfully. They cover the importance of building a solid foundation, managing cash flow reserves, making smart hiring decisions, leveraging technology, and understanding debt. Whether you're running a consulting firm or any other growing enterprise, this episode offers essential strategies for sustainable growth. You'll hear practical advice on optimizing your operations and avoiding the pitfalls of overhiring or overleveraging your debt.

Links

• Tools for Business Operations:
• Loom for screen recording
• Calendly for scheduling
• Monday and Trello for project management

Connect

Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Timestamps

• 0:00 -- Introduction and the struggle of scaling a business
• 1:30 -- The importance of building a solid foundation for growth
• 3:00 -- Key metrics every business owner should know
• 4:30 -- Cash flow management and the importance of reserves
• 6:00 -- Deciding when to hire new employees
• 8:00 -- Avoiding the pitfalls of overhiring
• 10:00 -- Optimizing operations and improving efficiency
• 12:30 -- Leveraging technology to streamline processes
• 15:00 -- Managing business debt and avoiding financial pitfalls

18:00 -- Final thoughts on resilience and scaling sustainably

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