We all have our reasons for being in business - what are yours? And more importantly, what do you want to achieve next with your business?
Why what you want matters
As the owner of your business, your business exists to serve you.
As the leader of your business, your passion and commitment to your business, or lack of, influences your whole team.
Therefore it is important to clarify your personal goals for your business, before working on the business goals you will share with your team.
So, what do you want from your business?
Increased profitability and cashflow?
Are you working hard, but not seeing the financial rewards?
Growth?
There is no point growing your business, if the headaches are only going to grow too. Why is growth ...
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Businesses follow a common path of development as they grow.
Each stage of business development has its own unique challenges to overcome and requires different management skills.
There are three main stages of business development:
Startup
Adolescence
Maturity
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How to identify your stage of business development
The above sales turnover and staff numbers are just a guide. We have worked with businesses with 120 staff, that are still at the adolescent stage.
The best way to know which stage your business is at, is to review the below challenges, and see which group you identify with the most.
Start-up Challenges:
Surviving!
Finding sales opportunities
Converting sales opportunities
Managing cashflow
Juggling many hats
Appearing professional
Dealing with the admin/paperwork
Overwhelm! Everything is new
Adolescent Business Challenges:
Getting the work done - properly and profitably
Dealing with the ...
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