The benefits of producing a sustainable High Growth curve in your turnover and profits are more accessible these days than you might think.
I have been working with several new clients recently as a coach on the Government’s GrowthAccelerator service. This is a programme which is funded by the Department of Business, Innovation and Skills and is available to all SME businesses from any sector based anywhere in England. Provided you turnover is less than £40m and you employ 1-249 people, you could be eligible if you meet the growth criteria.
Although you certainly will need high energy levels and high levels of commitment to achieve High Growth status (officially defined as ambition, opportunity and capacity for growth at 20%+ pa) I was surprised to learn just how grounded and “normal” some of these client businesses can be. Most of these companies (and I fully support this view) shun grandiose schemes or intellectual strategy and use technology on a highly selective basis only where the benefits are crystal clear and unambiguous. By following a simple plan and being flexible enough to change it when the market produces the slightest twitch and stick with it when the pressure mounts with every subsequent twist and turn – rewards can be reaped.
Some of these rewards would include benefits such as these where UK plc is also undoubtedly a beneficiary:
- High Growth firms show on average a 300% increase in employment over a 3 years
- A contented workforce is empowered to act independently and follow a shared vision
- Creating a sense of exhilaration that comes from making regular rapid decisions
If you want to know more about my views on developing a High Growth business – check out my latest article on page 26 in the Chester Standard.
Alternatively, if you are interested in hearing direct from me please drop me an email to firstname.lastname@example.org