FREE micro report - Dealing with a loss of control and visibility
In the first report I discuss the factors that cause the loss of control and visibility associated with growing pains. You can view the mirco report as a PDF or view it online.
Report extract:
Often the biggest constraint on the growth of SMEs is the personal philosophy and attitudes of the owner. Arguably, the most common attitude I encounter among business people is the fear of losing control. For that reason, many do not want to grow much beyond their current size.
Like many attitudes, the concern is real, but that doesn’t mean it has to be true. We all know the consequences of uncontrolled growth. 80% of businesses that fail have had a record turnover in the previous 12 months. They go under because they run out of cash or they simply crash and burn, unable to deliver on their promises to customers.
Growth unquestionably causes loss of control when itis unconstrained.
A further three reports are in preparation. Register your details to receive them as they are published.
Founding Director of Aalberg, Bauer & Wilson Konsult - Strategy development, tactical implementation, leadership skills & team performance improvement. Identifying business & reputational risks and mitigating actions
5 年An interesting read and full of common sense. Many companies have had the experience of adding staff, having to train/induct them into the business and thereby reducing the effectiveness of the existing team who are often brought in as 'the trainers'. Then the pressure is applied for the existing team to do more effort/time to compensate and either they get 'tired' of the pressure or the new people leave because they are not being trained properly. the cycle then re-starts. I am looking forward to receiving the third mini report 'staff retention'.?