Posted on 15/04/2016, 09:20
Sustained business growth requires planning and preparation. The Growth Accelerator Hyper Growth Insights Study 2014 found that 96% of the companies experiencing significant growth had planned for it in the prior year; 88% reviewed the plan in year regularly and as a result 64% met or exceed their targets!
Planning is the key to growth, especially in a small company where there are likely to be key constraints that if not addressed will stymie growth in its tracks or worse. There are many things to consider, here are three that Pro-actions regularly see and help solve:
Key Thoughts: People create the culture required for growth and the role of the leader needs to change. The goal is to create an empowered, dynamic and creative culture where the sum of the parts is far greater than individual contributions. Key to the change is having the right team around you and then leading and managing them appropriately.
Key Thoughts: Plan ahead and understand where the likely pinch-points are going to be. Invest in both capability and capacity.
Key Thoughts: Success comes from thinking ahead and accessing financial solutions before the critical period arises. Using cash-flow models and taking advice, plan through the investment period so that you can reap the rewards of growth
In or last article, “Measuring What’s Important” we discussed key performance indicators or KPIs. There are lagging KPIs such as financial measures that tell you what just happened and leading KPIs that indicate what your financials are likely to look like.Read More
Following on from our previous blog in this series, “The Most Important Thing”, the next step is to translate your goals into action. For this, setting your targets and measuring your performance against them is vital to making them happen.Read More
What do you want to achieve in your business? Every owner manager had their reasons for why they started out on that journey – what are yours? And more importantly, are they still valid, are you on track, or are your hopes and desires being frustrated?Read More