22

MAY

Can you tell if your business is growing in the right direction?

Posted in: Blog

As a business leader, it can be difficult to tell if the business is growing from its core, or if it’s being influenced by its environment.

Many will be familiar with the temptation to grab hold of any opportunity which comes your way instead of being strategic in ensuring your business is growing. This can lead to a mass dissemination of energy and resources and losing sight of outlined objectives.

So what steps can leaders take to ensure they can keep control when the business is growing, and make sure energy is focused in the right areas?

1. Vision

A consistent, well-thought out vision will bring your employees on board, build trust and loyalty, and help expand your brand and reputation.

A sure sign that your company’s vision isn’t being executed is if employees are repeatedly asking “what’s next” when you’ve already set their tasks in motion. If this happens, go back to the drawing board, and create a clear statement of purpose that every employee is aware of.

2. Good management requires good management tools

Ensuring the business is growing stems from insightful decisions that are made when you have up to date and accurate data.

Make sure you regularly review your management tools, ensuring they’re up to date, and used across your business. Organisations that implement tools to manage and control their business operations, are already on the journey towards company growth.

3. Accept that change is good 

If your company isn’t growing, it might be time to make a change.

Change can also be detrimental if it isn’t enforced correctly, so it’s important to pinpoint precisely where modifications need to be made. An easy tactic, is to ask yourself “why is this process done in this way”?

This will prompt you to continuously review and assess existing processes within the company, ensuring that you spot any room for improvement as soon as it appears. 

4. Trust your human instinct 

Corporate decisions need to be based on numbers and fact, but gut feelings are important as well to see that the business is growing.

When you review how your company operates, consider that a healthy mix between automated and people-managed processes should always be maintained.

There is no single, right way, to grow your company in the right direction, but with a clear vision, good management tools, continuous reviews of your processes, and a feeling of community, you will be well on your way.

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