COVID-19 has changed the way most companies conduct business. The key to growth in this environment is adapting to the new normal. I outline four areas to focus on that build on the notion of the new normal and get your growth back on track.
Business growth is the yardstick most businesses use to measure their success. But, it's more than just beating last year's numbers. Or some arbitrary targets. It has to be well thought out, with a solid rationale and plan.
All entrepreneurs want to grow their business, but growth is not inevitable. What got you here, won't get you there. You need to perform better. To do that requires change. Not just any change, but change driven by the desire to continually improve.
Does this sound like you? You're an entrepreneur; your business is well past the early stage, but you just can't seem to get either your company or your employees to that next level of growth, no matter how hard you manage every last detail.
Yes, you heard that right! But maybe not in the way you think. Growing a small business is a huge challenge, but it's a greater challenge not to make your small business act and feel like some Fortune 500 company.
Phenomenal growth and market leadership always attracts a lot of attention and provides some great lessons for entrepreneurs. More so, when that growth turns south and leadership turns into "also-ran."
Launching a start-up is no small task.But how do you really get your young company ready for sustained growth, that is growth that is both dramatic and consistent over a significant period of time, and how do you maximize the potential for that growth?
Becoming an entrepreneur is never easy. But beyond just survival is the issue of growing the business. Often, the entrepreneur, so bent on making it happen becomes consumed by the business. In short, instead of owning the business, the business owns them!
Business Growth = Change. If you want your small business to grow, you have to continually change. Whether it's pricing, packaging, process, delivery, organization...or just customers' minds! Little or no growth can happen without some level of change.
Like the song, "How Do You Keep the Music Playing," entrepreneurs always want their company to grow but, at the same time, they want to keep it fresh and not lose that start-up spirit. But how do you keep that entrepreneurial music playing?
Success is often a two-edged sword. With it comes the fruits of your labors. But also, with it comes the necessity to deliver on that success. Every entrepreneur dreams of success. But few truly plan for it.
Jugglers have always fascinated me. Not the guys who can juggle three bowling balls or flaming torches, but those ones who can juggle five, six disparate things (usually relatively modest-sized) and keep them all in the air...
Your hear so much, especially in these trying economic times about business failure. Small companies that have been in operation for years and years, suddenly finding themselves having to close their doors. But how can that be?