We all need a virtual or actual boost in our businesses now and again. It’s too easy to become complacent, comfortable or afraid of making any changes that might make things “different”.
What many successful businesses do is harness a culture of continual evolution never settling for the status quo. This can be massively helped by recruiting staff who don’t fear change and have their own streak of entrepreneurism. If this is harnessed to a leadership team with clear goals and a strategy to enable attainment of the objectives the future will look bright.
Unfortunately certain sectors contain more than their fair share of risk averse personalities and they can in turn keep a business locked into a mode that ensures it fails to capitalise on new trends and seek out opportunities.
Smaller organisations can rely on the owners far too much and expect them to feed the company through their efforts to win new customers. For a large number of proprietors the challenge of running a business alone is enough to fully occupy them and the additional responsibility of bringing in revenue gets consigned to a “to do” list that rarely gets actioned.
So what can be done for these many ambitious but largely stagnant businesses? How can they rekindle the pioneering, energetic and challenging spirit that formed them?
There are any number of resources available to the average business – but this in itself can prove to be an inhibitor as too many options can prove confusing and ultimately fail to deliver the desired result.
The same may be said of certain third party agencies who approach business owners direct and feed their anxieties. They make promises to provide the solutions sought but end up costing the company an expensive fee and wasted time in pursuing false hopes.
On a more positive note I’ve recently had the opportunity to work with the Growth Accelerator programme. The phrase “Growth Accelerator” for some seems to conjure up rather dubious pills that might be promoted via spam e-mail but I can assure you it is no quack solution. This is a well organised and effective initiative for commercial enterprises covering three core areas:
- Business Development
- Leadership and Management Development
Growth Accelerator provides access to finance to assist the companies in achieving their agreed goals.
What is reassuring about this programme is the assessment and selection of coaches and clear focus on quality service and the ultimate delivery for the businesses taking part.
Growth Accelerator is available to businesses registered in the UK who have fewer than 250 staff and a turnover less than £40m. Essentially they must be looking to grow their business by 20% – turnover or profit.
The Growth Accelerator process uses template guides that are introduced by experienced coaches offering a highly visible and effective tool to help the business see their future growth over a 3 year period.
It’s certainly not the only option but it is currently one of the most popular initiatives sought out by businesses wishing to grow but to do so in a manner that is both practical and sustainable.
If this is something you would like to explore further please feel free to drop me a line and we will put you in touch with your regional Growth Manager.