From Beginning to End…. Business Lifecycle.
Starting a business is relatively straightforward. Being successful is much more challenging. In the last of our series of six posts relating to the Power of Sustainable Business Transformation we look at how throughout the entire lifecycle of a business, we can implement strategies and frameworks along the way that protect and project the business in tandem.
From the seeds of thought comes development of plans and eventually a strategy is produced. For any business to get off the ground there has to be a customer base and a market presence backed up by cash reserves and sales expectations. As you move through these early stages, your governance begins to take shape and policies and procedures begin to give your business the identity that will make it stand apart from the competition.
The growth phase is where your business solidifies its place in the market and its view on the world. Your business strategy, with risk, sustainability, and resilience at the core of your frameworks, will start to settle down and dependant on the end goal for the business, the growth may be steep or more measured. Your skills as a leader and manager really come to the fore as you shape and hopefully retain your people and communicate effectively so as everyone is on the same page and fully invested in the ethos and direction your business is heading in.
Expansion to the next level now may seem the logical step as your business has committed people, who still need challenged, and you are firmly established in the marketplace. Business advice at this stage, particularly around sustainability, can be so crucial as the potential of an exit strategy may also be a viable option.
At Peak Governance we believe that one size does not fit all when it comes to business so schedule a free no obligation Business Lifecycle meeting with us now, by visiting our business lifecycle page.
