It’s Like Porridge

Just right – that is how I like my porridge. Not too fast, not too slow – just right — is also the way folks think about growing their business. So, how do you grow at the right pace?

There seems to be a pattern that contributes to getting it just right. First, customers stick with you year-to-year. Growth from new and existing clients is additive – you are not just replacing lost business. Second, when internal funding allows you to make strategic choices about scale and scope – you are on your way to winning. Third, if you’re better at gathering scarce resources like information, skilled employees, effective proprietary systems and processes – you have more competitive options to choose from and thus are better able to gage how you want to deploy capital in pursuit of growth at a pace that’s right for you.

I hope that you found this post useful. SBTDC’s Strategy & Growth Services exists to help CEOs of mid-size business make better decisions. Obviously, we would like to engage. Here is how to contact me — kmcconnaghy@sbtdc.org or 919-600-6097.

 

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