News & Views

Caution: Growth ahead

by Andy Maher
Insights
|
22nd January 2018
Caution: Growth ahead, post image

It’s an enjoyable part of what I do, watching my advice, consultancy and guidance lead to the kind of business decision-making that materialises in growth that has the power to secure the future of a business, including the talented employees that exist within it. If I didn’t get a massive kick out of that, I wouldn’t be here.

Many people talk to me about immediate solutions, whereas others are on the hunt for a long term strategic growth plan that will introduce sustainability and scale for them and their shareholders for the next five to ten years.

Stagnation? The notion absurd. Growth is good, growth is right, growth works; but only when it’s managed.

Here’s the thing, it’s easy to get giddy with a rapidly growing business, consistently year on year, but never lose sight of how important it is to manage this growth and control it. Below are some examples of when un-managed growth starts to cause problems…

  1. Too many internal meetings get booked in the diary, on non-revenue generating problems.
  2. Accountability starts to take a back seat, especially at a senior level.
  3. A negative shift in culture develops, with new staff being urgently hired without reference to the business’s core values.
  4. An inflated management team is created – which slows down the decision-making process.
  5. A lack of adherence to the qualification criteria for new work starts to develop – whereby a business loses its edge and reverts to doing all and everything for their clients.

Resonate? If you are experiencing some or all of the above, please feel free to get in touch with me, I’d be happy to discuss them further with you.

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