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Proven Template for a "Turnaround And Grow My Business Fast" Agenda
Proven Template for a "Turnaround And Grow My Business Fast" Agenda
Take advantage of advice by world-class turnaround and growth experts that has been used successfully by both small and large companies in many industries. We invite you to a free consultation to tailor this template to your specific needs: contact information is included in the report itself; or just click on Contact. And, perhaps most importantly, a turnaround and growth strategy and structure can be implemented at any time: it does not have to be a distress situation; althought that is, of course, when it is most needed.
Turnaround And Grow My Business Fast
For most businesses, turning around and growing the business fast involve four main phases:
1. Understanding what the business should look like after the turnaround and growth. We're not just talking about the outside view: how it operates on the inside after the transformation is just as, if not more, important.
2. Assessing which resources, human and otherwise, are needed, which are currently available, which need to be acquired, and which need to be discarded, where the last is both the hardest to do and most needed.
3. Assigning new responsibilities (according to aptitude), objectives, and metrics, and making sure each team member is equipped to succeed. Be sure to stretch to establish a new and higher standard. Celebrate the small wins.
4. Slowly introduce new operating procedures to avoid overwhelm. Work on these during phase 3 with the highest performers, but test and retest to make sure they work before mandating them, and be prepared to fine-tune as you go. Always measure and communicate results and encourage improvement. Make it a sport to succeed, and give out lots of prizes when merited.
Throughout the journey, make it a priority to develop a strong esprit de corps, and be prepared to let go of anyone unwilling to participate, and especially, anyone admired as a top performer. You cannot have anyone influence new hires erroneously as you grow. Make a superior attitude the number one qualification for the entire company, and you will win.
1. Understanding what the business should look like after the turnaround and growth. We're not just talking about the outside view: how it operates on the inside after the transformation is just as, if not more, important.
2. Assessing which resources, human and otherwise, are needed, which are currently available, which need to be acquired, and which need to be discarded, where the last is both the hardest to do and most needed.
3. Assigning new responsibilities (according to aptitude), objectives, and metrics, and making sure each team member is equipped to succeed. Be sure to stretch to establish a new and higher standard. Celebrate the small wins.
4. Slowly introduce new operating procedures to avoid overwhelm. Work on these during phase 3 with the highest performers, but test and retest to make sure they work before mandating them, and be prepared to fine-tune as you go. Always measure and communicate results and encourage improvement. Make it a sport to succeed, and give out lots of prizes when merited.
Throughout the journey, make it a priority to develop a strong esprit de corps, and be prepared to let go of anyone unwilling to participate, and especially, anyone admired as a top performer. You cannot have anyone influence new hires erroneously as you grow. Make a superior attitude the number one qualification for the entire company, and you will win.
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