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Business Veda - Barriers and Challenges faced when scaling up the business

Barriers and Challenges faced when scaling up the business

Business Veda

06/01/23 • 11 min

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“Scaling a business is an exhilarating journey and holds immense potential for growth and success. It comes with a unique set of challenges that can make or break an organization’s future” - Malay Damania.

Do you want to scale your business but face immense challenges in the process?

In this episode, the host, Malay Damania, will share with you nine major hurdles faced while scaling a business and what can be done to overcome them.

Key Takeaways

  • Maintaining a healthy cash flow is crucial to sustain the growth of the business
  • Entrepreneurs must invest in scalable technology solutions like ERP systems, CRM tools, and robust supply chain management systems
  • Entrepreneurs must develop a culture of strong people bonding, offer competitive compensation packages, provide growth opportunities and a positive work environment
  • Entrepreneurs need to perform thorough market research, customized marketing strategies, and adapt products or services to meet the specific need of the target audience
  • It is one’s primary duty to make sure that the best customer experience is provided. Leverage automation tools and adopt scalable technologies

Listen to the entire episode as your host shares the steps to overcome major hurdles while scaling a business and what can be done to overcome them.

Buy Malay’s book - Business Champ

Malay Damania conducts business mentoring and coaching sessions to help small and medium business owners, startup founders, entrepreneurs, and CEOs to get past their stagnancy in business to move into a growth trajectory.

Book Free Consultation with Malay

Connect with Malay at:

Website - www.malaydamania.com

Linkedin - https://www.linkedin.com/in/malay-damania-23285717

**This show is produced and managed by Done For You Podcasts, full-service podcast launch and management company**

06/01/23 • 11 min

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