10 Expensive surprises your organisation will face as you grow
Updated: May 10
When starting an organisation, it's important to keep the costs under control which can be hard. Your new success could even give you a false sense of security, making big investments seem more workable than they really are. Here is a checklist of things you don’t want to do:
Over-promising- a customer has requested a large order and you have agreed on a time it will be ready for when you know that’s impossible.
Unsatisfied customer – when the large order is not delivered by the day promised the customer becomes unhappy.
Quality dropping – cutting corners cannot always be rewarded. When cutting corners level of products and supplies can drop dramatically,
Not paying on time – Let down and disappointed, the customer holds on to payment while arguing quality.
Disappointing suppliers – suppliers that have never let you down and have always supplied before the deadline, suddenly start missing the deadlines and delivering late.
Slow staff – hiring staff to get work completed faster seems like a good idea at the start. This idea also requires a lot of the organisation’s time to train the staff and make sure they are up to date with what task’s they are completing.
Limited work area – when the organisation is growing, more staff are hired and bigger machines are installed making the space seem very crowded.
Systems struggling – those basic systems (that paper-based account book, for example, that worked well when you were just starting) are suddenly straining under the pressure of more people and higher turnovers.
Limited time – with so many tasks to complete, it will feel like you haven’t got a spare moment to yourself.
Stressful home life – when a lot is happening at work and other people notice your stress, they can become worried for you.