Ways to Further the Growth of a Business Enterprise

There are several factors that determine the success and the growth of a business enterprise. These include its recruitment policy, the technique of fundraising, the strategy of upscaling operations, and the leaders entrusted with those responsibilities. This video from Goldman Sachs provides an insight into the aspects that business professionals around the world keep in mind while furthering the growth of a business enterprise.

Jessica Lessin, for instance, emphasizes the fact that the resources and the effort that get devoted to recruitment is bound to reap positive outcomes for an organization and contribute to the growth of a business enterprise, in the days to come. As per Jesse Genet, while the best talent is what often recruiters are on the lookout for, alongside, it is also important to understand the specific demands of the particular enterprise to determine the sort of candidate that will prove to be a great fit. Liz Wessel further affirms that only when the career objectives of individuals align with the vision of an organization, do they prove to be credible assets for the company as a whole. As for fundraising, Megan O’Connor suggests adopting a planned, strategic approach to ensure that there is due clarity and the least of miscommunication. Angela Ceresnie recommends that being well-informed about the vision and aspirations of an investor is another prudent way to get them on board with the enterprise. Likewise, Falon Fatemi and Nadia Masri, assert the significance of recruiting potent leaders in key managerial positions to further the growth of a business enterprise. Even in the most acute of crises and adverse situations, the key role of capable leaders is to make people listen and navigate them through varied situations. As for scaling, the priority should be to create a group of dependable customers initially before moving on to the next stage, Lessin reminds. Angela Ceresnie, on the other hand, cautions that with scaling, an organization must be well-equipped to adapt and adjust to the host of perpetual changes that it will be exposed to, in the days to come.

Growing a business requires an exponential degree of prudence and a strategic vision. Taking into account these factors will ensure that they do not deter an organization in terms of accomplishing its objective and contributes to the growth of a business enterprise.