The biggest Problem most of our customers struggle with.
Some weeks ago we developed the video you see below this text. The problem described in this video seems a bit exaggerated. Most business owners seem to have a clear understanding of what they want to do next and which growth channels they need to enter.
But if we look at the statistics we also see 9 out of 10 businesses disappear within the first 5 years. Choosing the wrong strategy at the wrong time can be a deadly fault. The concept of corporate stages is described in many business books but somehow the concept seemed lost during the last years. Why should you have a look at stages of development when todays the best companies like Google or Facebook just grew extremely fast within some years.
The problem is our culture features the stars and winners (1 out of 10000) while forgetting about the average small business. Most small business are financed by friends and family and sometimes they get a bank loan.
But now we suggest you watch the video and hopefully get some value out of this.
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Growth Project overwhelm syndrom
Have you ever experienced a situation like Jane in this Video.
The one Thing
New Stages New Challenges
1. Incubation Phase : The time it takes to develop the idea (Task Dreaming)
2. Start up Phase : Getting the business safe of the ground (Task Doing)
3. Stable Phase : You hit the Plateau (Task Innovate)
4. Growth Phase : Messy but exciting ( Task Delegate)
5. Adolescence Phase: The company is born again
During each of the growth phases you should concentrate on major checkpoints. Have a look for:
Strategy how is your business is going to achieve its purpose in the world
Checkpoints represent the major “developmental milestones” that your business will need to complete at each stage as a prerequisite for moving to the next stage
Accelerators are tactics that work well at that stage to grow your organizational capacity and your results more quickly
Road Hazards are the most common problems that businesses encounter at that stage that you must avoid