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Oxford and Cambridge put aside their old and deep competitions to work on this report (Picture by Richard ... [+] Heathcote/Getty Images) Following Sherry Coutu's exceptionally influential Scale-Up Report 2 years earlier, Barclays has joined a growing list of organizations making the case for supporting scale ups. Scale-up UK: Growing Services, Growing our Economy is a splitting report not just because Barclays has actually managed to bring together the universities of Cambridge and Oxford on the exact same report but likewise since it uses some useful, actionable recommendations for entrepreneurs seeking to scale their company.

According to the report, lots of early-stage ventures lack the will and aspiration to scale. This is great, obviously, if their dreams do not extend beyond developing an organization to support a specific way of life, but more ambitious entrepreneurs need to develop realistic growth targets and develop plans and concrete actions of how development will be attained.

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And as this report makes clear, though founders have a given know-how, development needs a broadened skillset. As  Solution Can Be Seen Here , entrepreneurs are advised to build a team with broad and complementary skills. The report reveals a current pattern of growing businesses working with people with MBA degrees (a qualification that used to have the credibility of defining 'big business types') due to the fact that of the basic management abilities they can bring.

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The growth frame of mind requires to encompass partnerships with people and companies outside business. Entrepreneurs need to build a network of partners, such as service companies, sales channel partners, suppliers and clients (who may, for instance, want to assist with market info). Many of these engagements might take the type of official alliances between the entrepreneurial companies and established business.

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It can be difficult to confess, however "managing the operations by hands-on involvement of creators will eventually limit development". If a start-up is going to scale, supervisors need to carry out standardized and repeatable processes, with proper delegation. This might need financial investments in purchasing support systems including IT and training workers accordingly, in addition to delegation from the founder and senior management.