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Over 75% of owner managed businesses state that they are ambitious for growth, yet only 3% become businesses with consistently outstanding performance, according to a survey done back in 2004.
What is it that these three percent do?
The people behind these businesses have clear aspirations. They know WHY they are in business. They know WHAT the business is there for.
This knowledge fuels the drive and determination they have to make their businesses successful.
This means they have LONG TERM GOALS, something many business people forget about altogether.
They then put together effective strategies and plans to realise their long term goals. These rarely come from the owners but develop by talking with the WHOLE TEAM, and agreeing them with the team, and making sure that everyone in the organisation knows and understands the company’s goals.
These successful businesses also know how to deal with CHANGE. Change means dealing with things differently, and doing things different allows businesses to grow, and growth leads to success. By being willing to change, and by involving customers, employees, and suppliers in that process, the barriers to growth and future success are removed.
Guy Robinson works with Business Plan Consultants providing financial and cashflow advice.