Good news: your programming or web development company has taken on so many clients that you have decided to scale up your operation. Perhaps you are thinking of renting a new space, hiring new staff, and seeking new collaborators. Here are a few things you should consider when making a move up in the world.
More staff plus more space equals more expenditure on utilities. You need to take a much closer look at the competing business water suppliers, electricity suppliers, and internet providers as you scale up. Programming is naturally very electricity thirsty, and you might want to consider going with a specialist provider that can take bulk, long-term payments.
By now, you will likely be very aware that luring in the most talented staff is extremely important in any growing business if it is to flourish. What you might not realize is how important (and difficult) it can be to retain these talented staff members. We live in an age of increasing resignation. Harvard Business Review has dubbed the 2020’s the ‘age of the great resignation’. Skilled staff are leaving their jobs like never before. Keeping them close involves being more proactive, more open to promotion opportunities, and more receptive to their fears and desires.
Scaling up your programming company is likely to involve the move from a remote working model to a model in which you and your staff are actually working inside a physical shared space. This is great news. Still, it does come with a few issues. Most importantly, the company needs to outfit itself with liability insurance. Liability insurance is purchased in order to protect a company from the considerable costs of any lawsuits it may be involved in. If a staff member is injured while working for your company, then it is within their rights to sue for compensation. This is especially true in America, where civil litigation is important due to the lack of a socialized healthcare system. Protect yourself and make your staff feel more secure by insuring yourself fully.
Upsizing your programming or web development business naturally involves the onboarding of new clients. Clients are, after all, the actors that keep your business growing. As your business increases in size, however, you are going to have to do more than lure in individual clients. You are going to have to find meaningful and lucrative collaborators in other industries. For individual programmers, there are some great apps that help join two collaborators together. For growing companies, however, collaboration and connection have to be more business orientated. You need to find collaborators that have capabilities your company does not. Likewise, you need to display unique capabilities that make your company a wise business partner. In aerospace, for instance, software programming companies have a long history of mutual collaboration with smaller engineering firms that have no way of creating software for the aircraft they manufacture.