7 Business Strategies To Foster Scalability And Sustainability
As a business advisor, I am no longer surprised that every new business founder believes the hard part is creating the first product and the business. Perhaps luckily, they have no idea that scaling the business and maintaining vitality as a mature business is even harder. What most often kills a business is the illusion (or delusion) that all is now self-sustaining and everyone can relax.
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The challenge is to retain the same sense of urgency, energy, commitment, and readiness in a mature company that you felt during the early stages. The importance and reality of this need has been detailed well in the classic book, “State of Readiness ,” by Joseph F. Paris, Jr. He is a recognized thought leader on the subject of operational excellence and strategy.
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He and I are both strong believers that the keys to sustainable success start with building a solid business platform initially, with a strong support structure for scalability, sustainability, and long-term leadership. The proper support structure can only be built if you commit to and implement his following strategy elements:
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领英推荐
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We can all name companies that started strong, but didn’t scale well, or let complacency drive them off the map. Examples include Webvan, Research in Motion (Blackberry), and Tandy (Radio Shack). To this list, we can add the countless family-owned businesses that could not survive the transition to the next generation. Beware of any sense of entitlement to continuing success.
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For scaling and long-term success , every company today needs these strategies for operational excellence, to follow an innovative initial effort, driven by a passionate and committed founder. It’s never too late to get started, but it gets harder the longer you wait. Don’t wait until your company is spinning out of control.
*** First published on Inc.com on 05-08-2024 ***
Data & AI Architect at Microsoft | Startup Advisor | Skills and Career Mentor for Data and AI Professionals
5 个月Yes, starting, creating at initial stages is hard But going from 1 to 100 Sustaining and maintain that Is even harder - it's like finding the new again Martin Zwilling