Managing an increase in cash flow will be an important part of dealing with growth. If you find yourself in a situation where you aren’t handling money well, you could squander the growth your company is undergoing. By hiring someone to specifically track money, you’ll be able to cut off any potential problems.
Trimming strategies that don’t work
As your company grows, you’ll be able to determine which strategies are successful and which ones you’ve literally outgrown. In evaluating these various strategies, you can make the decision to move past certain ones that aren’t working for your company anymore.
Anticipating security risks
With more people in your company and increasing the size of your office, you’ll need to anticipate any security issues that you may open yourself up to. Hiring security, installing cameras, and creating an environment that’s aware of possible security threats can help you keep your employees and space safe.
Dealing with communication issues
With more people in an office space comes the risk of miscommunication. You’ll need to have intermediaries to deal with possible conflicts, such as an HR team, and to also anticipate that tools like Slack and messaging apps can help conversation flow.
Moving to a new office
With a growing team, there’s a chance you’ll have to move to a new office and grow your space physically as well. In preparing for the potential move, you’ll need to communicate openly with your employees to let them know every step of the way what’s going on. It’s also important to ensure that you move with ease and have a timeline that makes sense.