1. Build an Attractive Business Plan and Model Scalable businesses have very high margins, low support and minimum staff. These are some of the characteristics investors will be looking for in your business. 2. Build a Strong Team By building the right team you can ‘work on your business, not in it’. Scalable businesses have the right people to run the scaled business – leaving you to make key strategic decisions and grow your business and people. 3. Outsource to Optimise Leverage Growing businesses need expertise and developing these skills internally can be slow and expensive. Outsourcing can be a great way to obtain expert help at a manageable cost. However, never outsource your core competency. 4. Utilise Technology and Maximise Automation Labour intensive start-ups are not easily scalable. You should incorporate technology, automation and approaches which are not labour intensive to allow for growth. 5. Attract and Relish Investor Funding Investor funding can give you a growth curve that organic growth cannot. Investors can be vital in growing your business effectively, often bringing to the table expertise and experience. 6. Your Business Needs to be Continuously Improving and Open-ended You need to create a strategy that focuses on continuous innovation, constantly adapting to be perceived as scalable. Not all businesses need or want an investor. However, if you do want to attract investors you need to start demonstrating that your business is scalable. The S4B Team We are a team of Chartered Accountants and Profit Consultants who work with Venture Capitalists and Start-ups to help maximise profit. Send our team an email at [email protected] or call 01628 623444 to see how we can help you.