{"id":4281,"date":"2018-09-12T14:30:37","date_gmt":"2018-09-12T21:30:37","guid":{"rendered":"https:\/\/futuresharks.com\/?p=4281"},"modified":"2018-09-12T14:35:39","modified_gmt":"2018-09-12T21:35:39","slug":"shazir-mucklai","status":"publish","type":"post","link":"https:\/\/futuresharks.com\/shazir-mucklai\/","title":{"rendered":"Meet Shazir Mucklai: An Entrepreneur Who Shares His Five Tips on Scaling Businesses"},"content":{"rendered":"

Meet Shazir Mucklai. <\/b>Shazir<\/span><\/a> started out writing for top financial publications<\/span><\/a> when he was 16. His unique approach on project management, and innovation even caused me to rethink my business<\/a> processes. His firm<\/span><\/a> now focuses on native and sponsored content, press release distribution, podcasts and social media verification amongst others.<\/span><\/p>\n

Here are Mucklai\u2019s take on five steps to scale a business:<\/span><\/p>\n

1. Commit to grow<\/b><\/span><\/h3>\n

First, and perhaps most obviously, entrepreneurs need to want their business to grow. According to the report, many early-stage ventures lack the will and ambition to scale. This is fine, of course, if their dreams don’t stretch beyond\u00a0building a\u00a0business to support a certain lifestyle, but more ambitious entrepreneurs need to create realistic growth targets and develop plans and concrete actions of how growth\u00a0will be achieved.<\/span><\/p>\n

2. Build collaborations<\/b><\/span><\/h3>\n

The growth mindset needs to extend to partnerships with people and organizations outside the business. Entrepreneurs should build a network of partners, such as service providers, sales channel partners, suppliers\u00a0and customers (who may, for example, be willing to help with market information). Many of these engagements could take the form of formal alliances between the entrepreneurial firms and established companies.<\/span><\/p>\n

3. Establish standardized processes<\/b><\/span><\/h3>\n

Flexibility can be the enemy of growth. It can be hard to admit, but \u201cmanaging the operations by hands-on involvement of founders will eventually limit growth\u201d. If a start-up is going to scale, managers need to implement standardized and repeatable processes, with proper delegation. This may require investments in purchasing support systems including IT and training personnel accordingly, as well as delegation from the founder and senior management.<\/span><\/p>\n

4. Identify core competence<\/b><\/span><\/h3>\n

Without knowing your\u00a0core competence it\u2019s difficult to create strategies. Many start-ups have evolved by doing certain things without articulating their core competence. The report recommends that entrepreneurs need to identify and emphasize a company\u2019s core competencies \u2013 the unique knowledge that underlies its capability to compete \u2013 in order to invest in focused growth.<\/span><\/p>\n

5. Articulate competitive strength<\/b><\/span><\/h3>\n

Many entrepreneurs fail to look at their business through the eyes of their customers, with research suggesting that some\u00a0founders build a distorted self-perception based on their own definition of the quality of their interactions with the customer. <\/span><\/p>\n

As such, the report recommends\u00a0that entrepreneurs\u00a0aspiring to grow their company\u00a0need to \u201cdevelop a clear articulation of their company\u2019s competitive strength in the eyes of the customers, and how this strength is related to internal processes and knowledge. This needs to drive an identification of the relevant growth path in a way that allows scaling without leading into a complexity trap.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Meet Shazir Mucklai. Shazir started out writing for top financial publications when he was 16. His unique approach on project management, and innovation even caused me to rethink my business processes. His firm now focuses on native and sponsored content, press release distribution, podcasts and social media verification amongst others. Here are Mucklai\u2019s take on…<\/p>\n","protected":false},"author":523,"featured_media":4282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[],"tags":[103,188,208],"uagb_featured_image_src":{"full":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",959,960,false],"thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-150x150.jpeg",150,150,true],"medium":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-300x300.jpeg",300,300,true],"medium_large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-768x769.jpeg",768,769,true],"large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",959,960,false],"1536x1536":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",959,960,false],"2048x2048":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",959,960,false],"post-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-80x75.jpeg",80,75,true],"goodlife-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",75,75,false],"goodlife-grid":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",270,270,false],"goodlife-latest":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-370x260.jpeg",320,225,true],"goodlife-latestshort":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",170,170,false],"goodlife-vertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",320,320,false],"goodlife-gallery":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai-959x550.jpeg",262,150,true],"goodlife-galleryvertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",320,320,false],"goodlife-poststyle1":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",770,771,false],"goodlife-thumbnail-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",40,40,false],"goodlife-thumbnail-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",150,150,false],"goodlife-thumbnail-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",18,18,false],"goodlife-grid-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-grid-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",539,540,false],"goodlife-grid-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",16,16,false],"goodlife-latest-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-latest-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",450,450,false],"goodlife-latest-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",14,14,false],"goodlife-latestshort-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-latestshort-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",340,340,false],"goodlife-latestshort-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",10,10,false],"goodlife-vertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-vertical-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",640,641,false],"goodlife-vertical-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",20,20,false],"goodlife-gallery-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-gallery-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",300,300,false],"goodlife-gallery-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",9,9,false],"goodlife-galleryvertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",160,160,false],"goodlife-galleryvertical-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",640,641,false],"goodlife-galleryvertical-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",20,21,false],"goodlife-poststyle1-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\/Shazir-Mucklai.jpeg",385,385,false],"goodlife-poststyle1-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2018\/09\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White","author_link":"https:\/\/futuresharks.com\/author\/john-white\/"},"uagb_comment_info":0,"uagb_excerpt":"Meet Shazir Mucklai. Shazir started out writing for top financial publications when he was 16. His unique approach on project management, and innovation even caused me to rethink my business processes. His firm now focuses on native and sponsored content, press release distribution, podcasts and social media verification amongst others. Here are Mucklai\u2019s take on…","_links":{"self":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/4281"}],"collection":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/users\/523"}],"replies":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/comments?post=4281"}],"version-history":[{"count":0,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/4281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media\/4282"}],"wp:attachment":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media?parent=4281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/categories?post=4281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/tags?post=4281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}