Empressofbiz, Biz tips Do you have the RIGHT combination to Manage

Do you have the RIGHT Combination to MANAGE YOUR Business 

and 

RAPID GROWTH?

JoAnn R. Forrester

Pittsburgh Business Times  Column April 12 

A company's growth and success is not only based on increased sales it is also based on the owner(s) attitude and ability to manage growth.   One factor that is not talked about enough is the attitude of the owner and how she responds to the constant pressure of growth.   

Some people just seem to have the right attitude during stressful times, they love the challenge; look forward to matching wits and finding ways to get the impossible done.  We know these people…they are the daring, the innovators, the risk takers and they are vital ingredient in the growth process.  Their “get it done attitude” energy and drive is needed…but for how long?  Their strengths may actually become their weakness.  Once the excitement is over they may become bored and lose interest in the daily tasks of running the business.  This problem has to be addressed.   The founder has to be willing to admit it where her strengths and weaknesses are and bring in the people who counteract the weaknesses.   It is a delicate balance between the rapid growth ‘Get it done Now people ‘ and the ‘’Let’s get this done right people”.  You want to keep the energy and enthusiasm going while making sure the company is delivering quality product or service. 

In the last thirty years we have seen many companies explode on the scene make a big splash, some with success and  others die an expensive death.  The famous success stories we know, Micro-soft, Apple,  & Google  etc., but what about your company?   Do you have the right combination of  innovation and stability to accomplish what you want? 

This is where you have to, NO MUST be brutally honest with yourself.  Answer these crucial questions.

1.       What you are building?

2.        Short term success or long term stability?

3.        What are your strengths? Weaknesses?

4.        What do you need to do to sustain the growth?

5.          And where do you plan to fit in?    Or not? 

6.         In ten years…is this the job you want?

There is NO correct answer here…only you know where you want to go.  What  is important, is take that time to answer the crucial questions above and build a plan that  will get you there.

For further guidance in helping you decide your exist strategy..give JoAnn Forrester a Call at S. I. Business Associates 412-440-6969.  We have been guiding businesses to success for over 30 years.