First step is to insure that sales & finance are working. If they’re not, your business is not likely to last long. These are the Big 2.
Once you get the obvious concrete aspects of business working well, you can turn your attention to fine tuning the concrete; Cost control, Tax control, & Business organization. Or you can turn your attention to the esoteric. To grow large, you have to master the less obvious esoteric aspects.
Every big global company started out small. Apple was two guys in a garage. So was Hewlett Packard. Electricity was a guy & a kite. Hershey was a single chocolate shop that went broke. McDonalds started out with one restaurant. So why do some startups go on to become big companies, while most hit a plateau & eventually go out of business? From my experience over 40 years working with hundreds of small and medium sized manufacturers, four things are required for companies to scale large:
This is where we come in. We can help you do all of this. Advisory services.
Reorganizing the business to protect assets & cash flow & cut taxes will eventually become essential for successful businesses to navigate the chaotic, tumultuous 21st century. Most (every?) Global business have a network of several related companies or subsidiaries for different purposes. You should too.
Many of them have hundreds. Why do they have so many? They aren’t just for show. Don’t add companies without a purpose in mind, but many businesses should have related businesses owned by the same owners. Subsidiaries are not such a big deal unless you have legal issues that you want protection from, although many will be adequately protected by related companies.