GROWTH: Taking the 40,000 Foot Investor View
Are you prepared to grow? Take a 40,000 ft view and run the business instead of letting it run you.
That means thinking like an investor, not just an owner. The successful owner’s role is NOT to find the work, do the work, or administer the business.
To expand you need stability and consistency. You must be able to let go and delegate but have business processes in place so you know others can do things to your satisfaction.
Can you expand profitably?
Here’s what you need:
- Sales & Marketing Strategies
- Strategic Alliances
- Financial Systems
- Expense Controls
- Operational Policies & Procedures
- Right Employees in the Right Jobs
- Delegation Strategies
- Tracking Systems
Recommended Top Priority: Sales & Financial Strategic Growth Plan
Create a Strategic Plan with Financials based on a thorough vision strategy and sales and financial analysis.
As you can see from our business chart, businesses go through six growth stages and it can take years to move from one stage to the next. You can shorten it if you are prepared with the right systems.
1# Action Item:
Use the BSC’s On Course Business Risk & Reward Assessment to determine what you need in order to move your business towards greater profitability. It focuses on the most critical areas of business development and success: sales, marketing and finances.
Do you have what it takes as an owner to grow a successful business?
Take our Business Owner’s Success Traits Assessment. It’s free. We’ll score it and send you the results to see if you have the 10 characteristics we have seen in successful business owners.
Think Strategically: Meet with Our Experts
Contact our Client Services Manager Marsha Vanhorn to schedule an initial strategy meeting with business growth and development experts Jan Triplett or Dan Diener. At that meeting, we will either tell you how we can get your new business on course or make other recommendations to you. There is no charge for the meeting.