The bigger something is, the stronger the foundations need to be. Let’s take a look at the tallest building in the world today – Dubai’s 828-metre (2,717 ft) Burj Khalifa. It sits on 192 piles buried more than 50m (164ft) into concrete-supported ground. Whereas a little portakabin doesn’t need anything quite so deep.
While a start-up business plan sets out a broad, hypothetical overview of operations, finance and projections, a growth plan gives a much more detailed and accurate idea of how a business will manage and sustain momentum.
When it comes to accelerating growth and scaling up businesses, there are few people who know more than Nicola Cook.
Growth is ultimately the goal for every business, but some grow faster than others. A scaleup business is defined as one with an average annualised return of at least 20% in the past three years, with at least ten employees at the beginning of the period.
Published in November 2018, the Annual ScaleUp Review 2018 is the latest in-depth report from the ScaleUp Institute: a body whose mission is “to help the UK to become the best place in the world to grow a business as well as start one, and enable our existing high growth businesses to scale up even further”.