Tag Archive for: growth strategy

Focusing on Opportunities

The Challenge Defined: As companies grow and add levels of hierarchy, it’s harder to stay agile and creative and to respond quickly to new opportunities. Decision-making is slowed because the stakes are higher. Leadership teams tend to…

My Interview with High Stakes Partners: Challenges a Growing Company Faces

It’s the surprises that usually get you. Experienced business owners often warn one another, “Watch out when your company hits 50 employees! Everything changes then.” By the time you reach this size, the challenges you face sneak up on…

Processes and Resource Allocation Challenges

The Challenge Defined: There will quickly come a time when your company outgrows your ability to manage all the important functions on a daily basis. To catch all the problems before they happen. To make all the decisions. How can you ensure…

Delegation – When, What and How

Why is it so difficult for some leaders to delegate? Deep down, they surely know that delegating responsibilities and decisions can foster growth across their company. They also must know that delegation leads to personal growth, which in turn…

Tap Into the Intelligence of Your Organization

,
Business owners and leaders often assume they know how their employees think, how they feel, what they know, and what they don’t know. They assume the best, when in reality it’s been reported that 70% of employees are either disengaged (very…

Describe and Define Critical Processes

, , , ,
Anything that needs to be done more than once can be captured and turned into a process. Entrepreneurs tend to ignore the value of processes. There are lots of reasons for this (and none of them are good) but that’s a story for another day.…

Creating a Dialogue to Improve Performance

, ,
Why is there often a disconnect between a boss and an employee?  It can start with the employee’s first day on the job. They’re fresh, excited, and eager to impress. The manager is congratulating themself on a great hire and they’re…

Establish Company-Wide Behaviors That Instill Accountability

, ,
Accountability. It’s an overused word and an underutilized behavior. It means, of course, “doing what you say you’ll do.” It’s also characterized by “owning up to a mistake, correcting it, and apologizing to anyone harmed by that…

Difficulty Diagnosing the Real Problems or Obstacles to Growth

, ,
As we pass through various scenarios of COVID-19, uncertainty is the name of the game. With this kind of uncertainty, things get overlooked. CEOs often ignore issues that don’t align with their beliefs or shut down conversations that feel…

Making The Most of a Recession

,
There’s no sugarcoating it. We’re suddenly in a recession triggered by a plunge in consumer spending due to voluntary and mandatory quarantines to limit the worldwide spread of COVID-19. The impact has spread across nearly all business sectors.  How…