Are You Transforming Your Business or Spinning Your Wheels?

Posted by Chuck Kocher
On September 29, 2017

There are a lot of things in business that are repetitive. That’s not necessarily bad. There are things that you simply need to do over and over again because they are the activities that make up your business. Even if you want to grow, you’ll keep doing those things. The key lies in how you do them. If you keep doing them the same way you’re not going to grow. You may be busy. You may even be profitable. But you won’t be growing. The only way to change that is to change the way you do things. Are you transforming your business or spinning your wheels?

Let’s look at four important business activities that all business do repeatedly. How you approach these activities can determine whether you’re moving toward growth or just spinning your wheels.

  • People
    Are you hiring and developing the right kind of people to build a business that can really make a difference—or are you simply filling seats?
  • Strategy
    Do you have a solid strategy for achieving your business goals and vision—or are you just “winging it”?
  • Execution
    Do you have the systems, tools, and measures in place to ensure that you are successfully moving toward your goals—or do your carefully-crafted business plans live in a folder on your computer?
  • Cash
    Do you have enough cash on hand to fuel the sustained growth you’re trying to achieve— or are you scrambling for cash every month?

All businesses deal with those four areas and activities all the time. But if you continue to handle those critical areas in the same way you’ve always done you won’t see significant change—and that means you won’t see significant growth. If you want to scale up and become a $20M company you can’t take the same approach that a $1M company takes. And that’s true over all four of those areas: people, strategy, execution, and cash. If you want to transform the kind of results you’re getting you’re going to have to transform the way you do everything. It’s as simple—and hard—as that.

The good news is that you don’t have to pull off this transformation by yourself! I have coached, trained, and spoken to thousands of businesses leaders from a wide variety of industries across the globe and helped them successfully face the specific challenges high-growth companies face. And I’ve helped them embrace the changes they need to make to succeed.

Contact me to find out more about how you can change the way you approach these four key issues in such a way that you can transform your company into the high-growth business you want it to be.e.