Growing too fast can feel like your business is running you, not the other way around. Between cash flow management, hiring new team members, and optimizing operations, the challenge can seem endless. So, how do you scale without crumbling under pressure?On this episode of Become Sensible, Fiona and Anh discuss the critical steps to scaling a business successfully. They cover the importance of building a solid foundation, managing cash flow reserves, making smart hiring decisions, leveraging technology, and understanding debt. Whether you're running a consulting firm or any other growing enterprise, this episode offers essential strategies for sustainable growth. You'll hear practical advice on optimizing your operations and avoiding the pitfalls of overhiring or overleveraging your debt.LinksTools for Business Operations:Loom for screen recordingCalendly for schedulingMonday and Trello for project managementConnectFollow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.Timestamps0:00 -- Introduction and the struggle of scaling a business1:30 -- The importance of building a solid foundation for growth3:00 -- Key metrics every business owner should know4:30 -- Cash flow management and the importance of reserves6:00 -- Deciding when to hire new employees8:00 -- Avoiding the pitfalls of overhiring10:00 -- Optimizing operations and improving efficiency12:30 -- Leveraging technology to streamline processes15:00 -- Managing business debt and avoiding financial pitfalls18:00 -- Final thoughts on resilience and scaling sustainably Hosted on Acast. See acast.com/privacy for more information.

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