When you are setting up your company, there is often the
attitude that you just set up and don’t worry about putting in place the
structure and management practices until you really need them.
In my experience if you just plough straight in and delay
putting in place best practices until you are in a real growth phase, the
firefighting aspects of the growing pains is likely to affect your decision
making, resulting in a compromised solution. In this cycle you have to reinvent
processes and the business over and over again, which becomes increasingly
costly.
I think one of the best pieces of advice is to begin with the
end in mind. Start from the perspective of seeing what you will need, as a
successful organization and then work backwards from it.
An example is Human Resource – if you are planning to have
employees, what practices will you need to have in place to run an effective
operation with engaged employees, who are loyal and committed to the business?
The discipline of researching best practice and working out how
best to implement it for your business will facilitate growth, not act as a
barrier to it.
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