It is therefore important that decisions pertaining to recruitment and possible retrenchment are taken in the appropriate manner. Perhaps even more critical is putting in place the right management structure to manage the change.
Howsoever skilled and proficient John may have been in running a business at a certain scale, the decision to scale up means that he will now operate in unchartered territory, where he necessarily has to follow a learning curve to become truly proficient at operating at an enhanced scale. The critical part though is that he may not have the luxury of time.
1. Saving Time- There is no point in reinventing the wheel. Your mentor is someone who has been there and has done that. Such a person can hand-hold John and guide him in carrying out the course-correction required for scaling up, saving him valuable time in the process.
There is always a critical period of time within which any scaling up process needs to
be carried out. While John cannot afford to miss the bus, he also cannot afford to make amistake. That is why having a mentor by his side will be the best course of action for John to adopt.
2. Saving Money- This flows from the first point. Having a mentor guide him will ensure that John hits the ground running and does not waste anytime trying to learn the nitty gritty of scaled up processes.
This will enable him to commence delivery in double quick time, enabling him to optimally
leverage the advantages of scaling up. The saving in terms of opportunity-cost on account
of the mentor helping considerably shorten the lead time to come to speed will be
3.Gaining Good Experience- While John may eventually complete the scaling up process on his own, not having access to a mentor’s tremendous experience would mean that hewould likely make many mistakes and his learning curve would be far from satisfactory.
Working with a mentor with a wealth of experience would mean that John would not onlyhave access to that, but would be able to build upon that. This would do wonders to his own personal growth and ability to understand the intricate nuances of the scaling up process-something he would not be able to achieve on his own or take years to accomplish.
people beneficial to his business, it would probably not be up to scratch on the scaled up
level of business. These will have to be a whole new set of people operating in another
Having a mentor on board means that John can now have unimpeded access to theirassiduously built up network of contacts that would prove extremely beneficial to John’s
5. Gaining Confidence- A scaled up business will put John in an orbit that is different fromone that he was used to. While this would be a great opportunity for John to put his
business on a high growth path, he may not feel quite up to the task and hesitate, thereby
putting the future of his business in jeopardy.
forward unmindful of the challenges on the way.
change with scaling up. Ensuring that the fund flow process is smooth and seamless at that
level does require some acumen.
A mentor could help John with this as well because of their intricate knowledge of theprocess gained over the years that they ran successful businesses . Having access to this
expertise is again a great -leg up for anyone seeking to make a success of their business.
7. Marketing- Now that may not be something that John will directly involve the mentor in,the fact of the matter is that marketing is the very life-blood of a business and any valuable
tips or advice that would come from a dyed in the wool veteran would always be welcome.
The mentor would in his time have likely been through entire product life cycles of several
businesses and would be well positioned to offer valuable advice to John.
many years of strategic experience and familiarity with just the kind of scenario that John
currently faces, makes it an eminently sensible decision to requisition the services of an able mentor.
Strategizing and brainstorming are right up the street of a mentor, with them possessing years of experience doing just that sort of a thing for living. John would do well to have such a person advise him and his core team on key strategic decisions that will help the business optimally leverage the advantages of their scaled up business.