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Welcome to the Green Giant blog where we'll be sharing our insights and advice to help your business grow. 

Posts tagged “Business Growth”

 
 
As a company grows, the company director needs to devolve a number of their roles and responsibilities. 
 
When the business is bigger, there is more that needs to be done, and if as a company director you tried to carry on doing it all, you would quickly find your daily tasks piling up and end up being unproductive. 
 
When it is your baby, so to speak, it can be hard to relinquish some of what you are doing, as a company expands completely separate teams may be required as the work becomes more varied. 
 
 
 
 
 
 
The events of COVID-19 have certainly forced a lot of businesses to adapt to a remote-working lifestyle, and for many, that posed quite the challenge. 
 
However, it’s an event that has questioned many things, including the role of the IT Director or CIO within a company. 
 
This is a role that needs to change and adapt in order to cope with situations like a pandemic and the range of long-term global, economic, and organisational issues that these individuals are facing in said roles. 
 
 
 
 
 
 
Lots of directors in small or medium-sized firms decide to take on loads of jobs all at the same time. You look after the general business operations, you’re handling the financial side of things, you’re in charge of procurement, IT - the list goes on! 
 
If this sounds like you, then you can proudly claim the role of a MHD or a Multi Hatted Director. 
 
It’s a stressful role that’s full of responsibilities, but many directors often find it is the only solution in their firm. If money is tight, then you don’t have the resources to hire people to take on all of these roles for you. So, it falls on your shoulders to handle everything to the best of your abilities. 
 
 
 
 
 
Are you an MHD in your organisation? 
 
What is an MHD you may ask? It is an acronym for a Multi Hatted Director. 
 
Effectively, it means that you’re covering lots of different roles within your enterprise. For example you look after Finance, Operations, Delivery etc. Does this sound like you? 
 
 
 
As your business continues to develop, it can be a challenge to keep track of your original small business goals. When you first emerge onto the market, you will likely be working with a comparatively small customer base. At this point, it’s a lot easier to ensure that you are providing a quality service with an excellent level of customer support and interaction. However, that changes as your business expands. 
 
Having the right company structure
When you first started your company, you were probably a one (wo)man band and as your business grew, you took on more people to share the workload. Your company structure developed. But is your current structure the right one for the growth you are planning for your company? 
 
When you first started your business you probably chose your suppliers because they provided the best possible products and service for a price you could afford. And if they did a good enough job you most likely stuck with them. But are they the right suppliers to keep long-term? 
 
 
 
When you first started your business, you probably had to do everything. You got stuck in working on all the day-to-day details and kept everything in your head. As your business grows this has to change. If you keep running your growing business the same way as your small business, you are in danger of becoming the biggest bottle-neck for growth. You simply run out of time, energy and even brain space. 
 
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