growing pains
Questions you’ll answer:
- How do I build a company that produces a lasting stream of profits?
- How do the pressures of decision-making change with the growth of a company?
- How do I shift from self-sufficiency to delegating authority and relying on others?
Dilemmas you’ll face:
- How do I predict the size of a business in terms of sales, profits and employees?
- How do I choose the appropriate growth rate to maximize long-term value?
- How do I select the Key Success Factors (KSF’s) critical for a particular stage of growth?
Topics you’ll cover:
- How do I recognize the key process for a business?
- How do I define the long-term vision for a business and set short-term priorities?
- How do I recognize the “transition flags” that indicate when I should take my business to the next level of size and complexity?
The goal of the Growth course is to give students the tools, skills and judgment to make the most of any opportunity and build a company that produces a lasting stream of profits. In the Growth course, your students will learn what it is like to stand in the shoes of an entrepreneur who is facing the overwhelming pressures of a growing company, and take action. The Growth course is 10% strategy and 90% execution. Your students will see how the pressures and decisions facing an entrepreneur change as the size and complexity of a company grows. They will learn how to shift from doing everything themselves, to simple delegation, and finally installing processes and systems to manage a more complex company.
By the end of the Growth course your students should know how to:
- Predict how large a business could become in terms of sales, profits and employees.
- Choose the appropriate growth rate to maximize long-term value.
- Select the Key Success Factors (KSFs) that are critical for this stage of growth and predict how the KSFs for the next stage may be different.
- Recognize assets for growth and when they should use them, and recognize barriers to growth and when they should invest to remove them.
- Recognize the key process for a business and how its structure and economics drive the Unit Economics for the entire business.
- Define a long-term vision for a business and set short-term priorities.
- Learn to “focus and shift” so they achieve 80% of the value from 20% of the effort for their highest priority task, before shifting their attention to the next most important goal.
- Recognize the “transition flags” that tell them it may be time to consider a leap to the next level of size and complexity for their company.