Category Archives: Growth!
Refresh your enthusiasm for the job.
So you’ve been at this for years through thick and thin, great days and days in which you’ve had better times. Much of your job has become routine. But it feels good to see your “baby” grow and others buy … Continue reading
The “buggy whip” trap.
Surely you’ve heard the buggy whip analogy. A business making those necessary items ignored the signs of progress and found itself without a market. Perhaps that happened to sword smiths upon the invention of the rifle, and certainly to the … Continue reading
Hone your sense of urgency!
It is an unfortunate truism that most of us become a bit stale in our jobs after some time, even if we are most successful at it and appreciated by all who work for or with us. It is human … Continue reading
Develop a culture of curiosity.
Some of the world’s best companies to work for are those that encourage employees to spend time following their own paths of curiosity toward development of new products or services. Google, 3M, Facebook, and Microsoft all allow their employees to … Continue reading
Hold on to some “sticky” cash.
It is tempting to use available cash in good times to build the business and in challenging times to pay the bills and even to outdo competitors in marketing efforts. Those are both good strategies. But there is a tactic … Continue reading
Find and build recurring revenues.
Most every business can take advantage of continuing, recurring revenues from its customer base. Sometimes, products are designed to make all of their profit upon the recurring revenues from supplies or support. We immediately recall the razor and blade analogy … Continue reading
Discount your projections. Make surprises positive.
Lots of people do or will depend upon your leadership in driving growth, stability, and profitability. There will always be times when salespersons or associates provide you with projections for future sales that reflect their inherent optimism. Whether you in … Continue reading
Swarms, crowd sourcing, and tiger teams. Oh my.
As we grow our businesses, we inevitably run into problems that seem for a time impossible to overcome. Our development team is stumped with a problem; or the marketing organization cannot come up with a theme for the next campaign; … Continue reading
Hire for your core. Partner for the rest.
There is a major trend shaping up that is worldwide, already identified by hundreds of thousands of startup and small business CEOs. By carefully recognizing and focusing upon the very core of the business, these CEOs are allocating their scarce … Continue reading
Keep constant contact with key customers.
An executive’s job is not easy, nor is there much time in a typical day for outreach of any kind. Especially in a growing company, the CEO is drawn into daily process issues by all of his or her direct … Continue reading