Why step change growth demands more than just ‘doing a bit better’
We have a new government talking about growth in the economy, we have interest rates falling (at last) and maybe, just maybe, many business owners are thinking about growth and growing their business after just ‘treading water’ for some time.
We all know of course that in business there is not such thing as ‘treading water’ because, whatever the market and economic conditions, someone – yes, one of your competitors, will be ‘devouring you lunch’ and ‘making hay’ while the sun doesn’t necessarily shine.
What is it about these businesses that continue to see them lead the pack? A key factor is that they are prepared and willing to think somewhat differently and open their minds to new ideas and initiatives, technology and external expert assistance that makes a huge difference.
I was talking to one of our clients just last week who, when we first got involved was indeed treading water – consistently selling between £3.5 million and £4.0 million a year but they couldn’t break their ‘glass ceiling’. With a little support from us and some new ideas and a little ‘growth fairy dust’ as outlined below they are now turning over £6.25 million with a very healthy EBIT – what did they do? They opened their mind, experienced as they were, to new ideas and thoughts that transformed their performance.
The ’fairy dust’ lies in our ‘5 Key Steps to Exceptional Business Growth’ – these are:
Picturing a Step Change
Harnessing Know How
Applying Creative Thinking
Acting in the Action Zone and…
