There’s an adage in business that states: “If you’re not growing, you’re dying.” But why is business growth so important? Is growth good? How do you manage it?
In my world of doing business turnarounds, I constantly see mistakes that got the business in trouble in the first place. Namely:
What are the results? Growth slows or stops. Panic ensues. More cost control measures. The organization starts to go backwards. Reverse growth.
Get a simple plan in place. One that is focused on growth.
Everyone wants to be on a winning team. Employees want to be on a team that is safe, secure and prosperous because that equals safety, security, and prosperity for them personally.
Customers want to do business with a winning team because they relate that to reliability, trust, and value. Shareholders want to invest in a winning team because they will get a higher return that is safe and secure.
So yes, growth IS good.
Robert Murray is a Vancouver, BC based Business Strategy Consultant, partner at Incrementa Consulting Inc., #1 Best Selling Author, and International Keynote Speaker. For further advice, insight and inspiration on how to unlock your inner leader, follow Robert on Twitter, LinkedIn, and Facebook.
The audio version of Bob’s #1 best seller It’s Already Inside is now available on Audible.Business, Business Culture, Business Goals, Business Strategy, Growth, It's Already Inside, Leadership, Robert Murray, Robert S. Murray, Strategic Planning, Success, Vision