Transforming and growing your business go hand-in-hand. If you’re really serious about taking your business to new heights and seeing remarkable results, you can’t continue to do things the same way. The thing is, if that’s what you really want to do, you’re going to run into some obstacles. If it were easy, everyone would do it. But because overcoming those obstacles is key in order to achieve your growth goals, let’s take a look at 3 roadblocks to transforming and growing your business.
- Lack of (Qualified) Leadership
It takes a different kind of leadership to transform a company and achieve significant sustainable growth. If you really want to change your company and see massive growth, you won’t be able to do it on your own. You’ll need a leadership team.You’ll need to develop yourself as a leader in order to take on new challenges. And you’ll also need to develop your leadership team in order to effectively address a new way of doing business. To borrow a quote from Star Trek, you’re going to, “boldly go where no one (at least in your organization) has ever gone before.” That’s where an experienced business coach can help you make sure that you have the right people on board—and help you formulate a plan for preparing your leadership for new challenges.
2. Inability to Scale Up
There’s a difference between simply seeing increased growth or profits and scaling up your business to reach completely new levels. While it’s true that you can tweak and fine-tune some of your systems and processes to generate more sales and profits, that’s not the same thing as transforming your company for explosive growth. You’ll need to rethink and retool both your physical and organizational infrastructure if you’re going to be able to handle the complexities of decision-making and communication that come with the kind of growth you want. You won’t just be doing more or the same thing—you’ll be transforming the way you operate.
3. Failure to Recognize Market Dynamics
An additional challenge you’ll face as you scale up your business is the increased competitive pressures that surface. You may find your margins eroding as you grow. You have to be prepared for that. And you’ll have to keep your eye on the competition. Too many businesses have lost their competitive edge because they weren’t paying attention to the market dynamics around them.
Are You Ready to Grow?
Wanting to grow and actually being prepared to do it are two different things. Even if you have a great vision for your company—and the drive to achieve that goal—you need to have an accurate evaluation of where your company currently stands in order to know what you need to change. That’s why I encourage you to click on the orange “Assessment” button below. This 5-minute assessment won’t solve all of your problems, but it will give you a good idea of some key areas that you need to focus on. I’d be delighted to review the results with you and see if we’re a good fit for working together to accomplish your goals.