Every business has a life cycle. Recognising at which stage your business is and selecting “winning strategies” can be the key to success or failure.
Model to demonstrate “Business Life Cycle”
Key Stage 1 - “The Activity Trap”
Business owners invariably start off with little more than a big idea, backed with energy and enthusiasm and a desire to be “in charge of their own destiny”. They quickly become consumed in the activity of their business and can easily lose track of the original objectives.
Key Stage 2 - “Resource Constraints”
When the Business was small, the “owner driver” could rely on his/her own skills and abilities. By working hard and applying their natural abilities they get by until they physically can’t do any more. Time and Financial constraints have to be successfully addressed to reach the next stage.
Key Stage 3 - “Recruitment Mistakes”
When attending a Management Break – Away almost all the Mid Corporates present, sighted difficulties with staff, as one of their key concerns and limiting factors. Attracting, recruiting, and retaining skilled staff. The Businesses that get this far have recognised that to cope with the expanding needs of the business, developing a successful Management Team is essential. No longer possible to “Do it all yourself” The Business needs experts; Sales, Marketing, Operational and Financial Managers. Sophisticated ICT, quality assured operating systems and procedures, staff training and development.
“The Life-Style Business” - “In Utopia or in Denial?”
We’ve all come across them, and why not. After all, do you “Live to work” or Work to live”? Some are happy the way things are. They’ve got their life-work balance sorted and don’t want more. There’s nothing wrong with that, provided everything is sorted and the Business can sustain it. Trouble comes, when that isn’t actually the case...
The Top performers
Some just have it all. The right Products, Prices, People, Premises, Promotion and go from strength to strength, growing fast with customers a plenty. Let’s say some at-least achieve “Stella Growth” and make the big time.
“Terminal Decline”
But for the many who fail to address the different needs at the “Key Stages” their businesses are really in “terminal decline”. That is to say, unless you are progressing, you are regressing - Knowing when and how to let go, to delegate to others, or pass the business on. Business Continuity, Expansion, Contraction and Exit Strategies all need exploring. Many fail to recognise this and carry on as they have always done. Let’s face it, if “Nothing changes, nothing changes”, not at least until change is forced upon you, perhaps by “tide and wind effect”, forces outside of your everyday control.
The Business Case.
- At each stage there are recognisable challenges that need to be successfully overcome for the Business to pass safely to the next stage.
- Business leaders benefit from a dispassionate look at their business opportunities with the practical and experienced help of a trustworthy Business Adviser.
- We provide encouragement to take a fresh look, to talk through and formulate effective new plans which chart the way forward.
- By working in close association with Corporate Bank Managers and Business Finance providers, opportunities which have been identified can be addressed.
- We help you unlock the true potential of the Business to achieve its objectives, navigating around “The Activity Trap” overcoming “Resource Constraints” and not employing the “Tallest dwarf”.
- Implementing successful Recruitment, Training & Development processes to meet the needs of the growing business. To breath fresh life into it, to face the future with confidence.
- We welcome all enquiries, offer the first four hours of our time completely free of charge and undertake projects to suit our customers, anywhere in the UK.
- We sign a confidentiality
Next Step.
- Use the Contact Us facility on this website or click here
- Call 01945 440716