The Improvement Checklist for any Expanding Tech Gadget Business

As a tech business, you will no doubt have some very specific strengths, and you might think that expanding your business will be reliant on you making the most of those strengths. While this may be true, it is still only partially correct, as you will need to boost the areas of your business that are not as strong as well.

Identifying these won’t be easy, as you may have been overlooking them for some time now. However, there are some important areas that you need to improve your performance in, or even just put an alternative in place because it has been completely neglected so far. Continue reading for more information.

1. Get help with your HR set-up

You may have been coping with just you as the company HR resource, but as you get bigger you are going to be well out of your depth. This can cause the very people that helped your business to grow to jump ship, and any new talent you want to attract to look elsewhere. Clearly, this is less than ideal, so you’ll want to find an all-in-one solution that takes the pressure off you and delivers the service your employees deserve.

Finding quality HR software is likely to be your best move, as it can take care of looking after your current workforce, and help you attract more talent. It can show them all what their benefits are, as well as deal with the more mundane tasks as well.

2. Improve your warehouse and inventory arrangements

Another overlooked area you will need to get on top of if you are expanding will be your inventory and warehousing arrangements. More business means more items being stored and shipped, either as raw materials, components, packaging, or the finished product. You may be working with limited space, with all of it crammed into a corner of your existing building; but that is unlikely to be sufficient should you get even busier.

You should look at finding an alternative warehouse or distribution center to take this all off the site, except for a small amount of working stock. This does not have to be right next to your current premises, and you could instead go somewhere out of town and much closer to transport links to freeways and interstates.

3. Consider your shipping options

More business also means that you are going to be shipping more products, so you need to ensure that your courier is up to the task. You should also look into finding an alternative shipping partner, so all of your eggs are not in one basket, and it allows you to get better deals due to both competition and economy of scale.

This could lead to some awkward conversations, and might mean breaking ties with a long-term partner—but at the same time could set you up for further expansion in the future. With cheaper shipping options, you might also find it opens the door to you being able to compete on price with your competitors, bringing even more business your way.