Entrepreneur Plus - Short White
For Subscribers

4 Strategies for Handling a Sales SurgeWhen demand suddenly spikes, it's do or die time.

ByPaula Andruss

This story appears in theMay 2014issue of狗万官方.Subscribe »

Photo © Leah Fasten
Hau Lee of the Stanford Graduate School of Business.

It's the breakthrough moment! Your product gets a notable press mention or goes viral online, and the orders start pouring in. Rejoice briefly, but then take stock. How you manage your surge when it arrives can make or break your business. Supply-chain management expert Hau Lee, professor of operations, information and technology at the Stanford Graduate School of Business, offers tips on how to act fast and smart to take advantage of sudden demand.

How can startups prepare for sudden growth at the outset?
You have to work with potential growth in mind. When you launch a product into the marketplace, it's important to already have a plan in place for how to scale up production and distribution in case it becomes successful. Research suppliers to identify beforehand which ones could process a sudden increase in your orders. You can also line up two or more factories to handle big orders. You need to make sure you have the potential structure you'll need--from sourcing components and production to supply-chain management--to accommodate sudden growth.

This is a subscriber-only article. Join Entrepreneur+today for access

Editor's Pick

Related Topics

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Business News

'Truly Unprecedented': If You Are Hoping to Score a Lionel Messi Soccer Jersey, You Are Going to Wait a Very Long Time

The soccer superstar's authentic Inter Miami jersey is sold out through October.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School

Leadership

This Common Leadership Habit Will Harm Your Credibility. Are You Guilty of It?

As leaders, we're always looking for ways to build credibility among peers and employees. But this easy-to-make mistake can ruin it in an instant.