The journey to scaling up

Speakers:

Moderator: Paula Mariwala, Seedfund

Amrita Singh, The Little Company

Manju Mary George, Intellecap

Pratibha Pilgaonkar, Rubicon Research Pvt. Ltd.

Session Highlights:

Paula Mariwala :

• Journey to scaling up must be anticipated as it would be full of challenges and obstacles we must be ready to face all challenges come as may.
• There are no limits to success. Growth is never-ending.
• Regarding HR- always make your team feel ownership in your business to retain your employees.

Pratibha Pilgaonkar :

• Teamwork is very important in making a business successful.
• Reliability over deliverance is important. Getting the sense of business is the 1st thing before thinking about scalability.
• Recruitment is the basic challenge in the beginning of business.
• Retention is the next challenge which can be overcome by
  1. Providing a family atmosphere to the employees.
  2. Always keeping in touch with them on a personal level.
  3. Institutionalizing training programmes at regular intervals for their constant development.
  4. Also maintaining people orientation to fulfil their needs.
• Reliability of your customer, sustainability and maintaining reputation of your brand are key points to scale up business.
• Systems and growth in business go hand-in-hand.
• Managing finance systematically and getting a capital for a new system should never felt to be a burden. You should be well-prepared before starting a new system.
• Your business grows automatically as you get acceptance from your customers and your business starts showing up numbers
• Each business has its own pace. It’s difficult to anticipate the times when to scale up your business.

Manju Mary George :

• Always plan your future beforehand. You must know what your aim is in exact numbers.
• Attracting people towards your scheme is most important.

• For retaining your employees

  1. Keep giving them financial extensions.
  2. Give them freedom and required exposure to experiment and develop.

  3. Assign higher responsibility to make them feel ownership.

  • Recruiting large number of employees helps in faster development who work independently.

  • Set up as many systems as possible so that all your customers receive equal and personalized services.

  • Recruiting large number of employees helps in faster development who work independently.

  • Set up as many systems as possible so that all your customers receive equal and personalized services.

·         While scaling up your business expand your team by getting people having same passion, reliability and dedication as yours.

·         Keep your finances well-planned and systematic. Keep raising funds even when you don’t need them urgently. It can always be useful for times in need.

·         Before scaling up your business

1.    know what you want to do.

2.    expand your team by adding more efficient employees.

3.    survey whether your product has credibility or not.

If all of these show positive results then you may be ready for scaling  up.

·         For early-stage business, consult mentors and business experts for scaling up.

·         Keep consulting people in same fields and business for a constant growth of your company



Amrita Singh :



- Contributed by Tejal Naik, Kitish Kakkar

Tags: Amrita Singh, journey to scaling up, Manju Mary George, paula mariwala, Pratibha Pilgaonkar