How Success Kills Your Growth
What do you do when your business stops growing, and what worked in the past only seems to make it worse? To overcome this challenge faced by every growing business, you will need a new roadmap.
What do you do when your business stops growing, and what worked in the past only seems to make it worse? To overcome this challenge faced by every growing business, you will need a new roadmap.
Unfortunately for every business, there will come a day when it is no more. This is the unfortunate reality of the final stage of the Predictable Success lifecycle, Death Rattle. There is a greater question here: why is it so hard to stay successful?
Big Rut is the second to last stage in the Predictable Success lifecycle. While the Big Rut doesn't sound like something any of us want to put our business in, there are many once-great businesses, organizations, and institutions that have done precisely that.
The problem of Treadmill is the business has begun to lose or even suppress the visionary risk-taking that brought it this far. It is often so subtle that most within the organization don't even notice, and those outside of the organization (especially stockholders) will likely be happier than ever. What no one realizes is that the fate of the entire organization is decided in Treadmill.
Predictable Success is where you, as the leader, can put your foot on the gas pedal, and the whole organization moves forward. You found the tools, made the necessary changes, and in Predictable Success, you reap the rewards. You can keep your business in Predictable Success for the long-haul using these four key strategies!
Why is second stage growth so hard for businesses to achieve? They take off like a rocket, grow like crazy, and steal business from bigger competitors every step of the way. Then all of a sudden, they find the growth slowing, profitability slipping, and people in the company fighting with each other, and they just can't seem to get ahead of it.If this sounds familiar, welcome to Whitewater.
The second stage in the Predictable Success Lifecycle is Fun. It's an incredible time for the business. During this time, businesses often achieve double-digit and triple-digit annual growth as they break free from gravity and rocket out of Early Struggle. Here's how to make the most of it!
Do you ever just wish you could see around the "next corner" for your business? Have you ever been blindsided by a major challenge that seemed to come out of nowhere? But in hindsight, you realized it had been brewing for a long, long time; you just didn't see it coming.
Day two of your executive offsite is where the rubber meets the road and where discussion transforms into action! You’ll pick up right where you left off in day one, with goals. As the day progresses, you and your team will get increasingly precise until you've boiled those goals down to the specific, actionable tasks that you can assign to your team members.
There are six common traps that founders and entrepreneurs unknowingly fall prey to during the early days of their new business. The first step to avoiding them is knowing that they exist.
As humans, we grow up, reach our prime, and then walk the road of wisdom as a simple function of time. In other words, we grow old. However, businesses don't face the same sort of mandatory aging. Instead, your business can, in theory, stay in top form for as long as you'd like. Here's how you and your business can defy the laws of gravity for as long as you (and even your successors) would like!
How fast do you want to grow your business? As your business progresses through each stage of growth, you will need to strategically decide whether you are willing to make the changes necessary to keep growing.