Episode #358 - Challenges In Scaling Up - Presentation
Hi there and welcome back to another edition of ScaleUp Radio, the podcast inspired by the Entrepreneurial ScaleUp System and designed to make navigating our ScaleUp journeys that little bit easier by learning from others' experiences.\xa0
I\u2019m Kevin Brent and this week on the show we bring you one of our themed episodes where we look at a particular aspect of scaling up \u2013 this time a summary of our research findings into the challenges of scaling a business to and beyond 7-figures.
Understanding and recognising these challenges is an important part of understanding the Entrepreneurial ScaleUp System (ESUS) and how it can address them.\xa0 Most of the challenges we face in scaling our businesses are common across businesses and sectors.\xa0
According to the latest government statistics, there are 6 million private sector SMEs within the UK, of which 5.7 million (96%) have fewer than 10 employees, and less than 1% more than 50 \u2013 and these figures a similar around the world.
So why is it that just 4% of UK businesses can scale beyond 10 employees? And, more importantly, what is preventing the average business owner from continuing their ScaleUp Journey reaching 20\u201325 employees or 50 plus?
Kevin Brent takes us through some of the key aspects followed by some great insights from Chris Cook, the founder of Chantry Group, the leading Franchise Growth Agency in the UK.
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in the shownotes\xa0
Scaling up your business isn't easy, and can be a little daunting. Let ScaleUp Radio make it a little easier for you. With guests who have been where you are now, and can offer their thoughts and advice on several aspects of business. ScaleUp Radio is the business podcast you've been waiting for.
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If you would like to be a guest on ScaleUp Radio, please click here:
https://bizsmarts.co.uk/scaleupradio/apply
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You can get in touch with Kevin & Granger here:
grangerf@biz-smart.co.uk
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Kevin's Latest Book Is Available!\xa0
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Drawing on BizSmart\u2019s own research and experiences of working with hundreds of owner-managers, Kevin Brent explores the key reasons why most organisations do not scale and how the challenges change as they reach different milestones on the ScaleUp Journey. He then details a practical step by step guide to successfully navigate between the milestones in the form of ESUS - a proven system for entrepreneurs to scale up.\xa0
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More on the Book HERE - https://www.esusgroup.co.uk/
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Chris can be found here: