Managing BizOps Through Rapid Growth
Managing a business through rapid growth can be like guiding a ship through a field of icebergs. With the right strategy in place, managing can be both successful and rewarding.
“Ideas are worth a dime a dozen.”
“Ideas are no more than dreams if no one acts on them.”
“If ideas were nickels, there would be a lot more wealthy people on the planet.”
With all that needs to be done over the course of a day, many business leaders are faced with either leaving ideas in the hopper or launching half-baked ideas and justifying it by “doing something.” Both are a recipe for failure. Just imagine if the businesses you depend on did this? Big Pharma spends millions of dollars to bring a new product to market. What if they got it only half-right?
What if the Red Cross only thought about how to help people versus spending hundreds of millions of dollars recruiting and training people to respond to tragedies? While the Red Cross didn’t seem to get much publicity, you can bet they were on the ground throughout the Northeast when Frankenstorm Sandy hit.
Both of these industries must remain vigilant and innovative meet the new needs the market has, while finding ways to reduce costs and increase revenue…no differently than your company. While you might suggest that they have access to more capital or resources to hire other people, the secret to any organization is that you have to find the resources or do it yourself. Unfortunately, running a business doesn’t leave room for excuses if you plan to be successful.
Bringing your idea to market requires that you plan to do so, and have a process and a calendar for doing so. You might write your Big, Hairy Audacious Goal (go big or go home!) on the back of a napkin, draw them on a window, a white board or put them into you’re your smartphone, but they have no business living there. Below are several steps you will want to take to promote your ideas into innovations:
Being intentional about bringing ideas to market makes the difference between market leaders and market followers. (Market followers are those who see a trend and follow it, versus those who create trends that others follow.) While the expense of being a market leader is a bit higher, the margins for profit are typically much higher than they would be when everyone else is doing the same thing and companies are forced to compete on price.
If you want to Create | Design | Build an extraordinary company, you must always be innovating, and innovation needs to be built into the fabric of how your company operates.
“Ideas that never get off the paper are simply hallucinations.” – Dr. Ike Reighard
Aepiphanni Business Consulting: The Business Strategy People is an Atlanta, Georgia based Operations Management and Business Strategy Consulting Firm dedicated to serving the needs of small to medium sized business leaders. We help business leaders DESIGN | CREATE | BUILD extraordinary businesses. We support our clients with financial management, product and service production and delivery, outsourced services management, sales & marketing and business growth. We provide them with a number of flexible solutions to help them reach their goals.
Join us for a 30-minute complimentary Coffee & a Consult, to learn more about Aepiphanni and how we might help you move your company from existing to extraordinary.
Managing a business through rapid growth can be like guiding a ship through a field of icebergs. With the right strategy in place, managing can be both successful and rewarding.
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