This white paper, the first in a two-part series, turns the spotlight on the peaks, valleys and plateaus you will inevitably face as your business grows. Specifically, it focuses on how to recognise and understand the barriers that may be holding your business back. Part two of the series, to be released next week, will focus on actionable strategies to help you overcome these barriers and guide you successfully through the various stages of growth.
Is your business experiencing a growth plateau? Or is it languishing in a valley?
As a company grows, it undergoes predictable evolutions and revolutions. These are dictated by the increasing complexity that comes with growth, such as adding employees, customers, product lines and locations. To manage growth and move beyond the valleys, three factors will determine your success: capable leaders; a scalable infrastructure; and the ability to navigate certain market dynamics. If these factors are missing, you will inevitably face barriers to growth.
To better understand your position, start by asking yourself these three questions:
• As your business grows, are you working longer and longer hours?
• Are hiring employees and acquiring customers tiring you out?
• Do you feel as if you’re the only one pulling your weight?
If you answered yes to more than one of the above questions, you’re experiencing what Verne Harnish calls the growth paradox: the belief that as you scale up the company and increase your dream team, prospects and resources, things get easier. They don’t. Things actually get harder and more complicated.
Get In Touch With Scaling Up Coach Jonathan Herps Today to discuss your growth strategy.
You can also Access our Scaling Up Growth Tools here.