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Defining where you are: What stage is your company in?
The people side of business has been important at each stage of your company’s life cycle, but you are probably a long way from when you hired your first employee. You may now be in, or have just gone through, what we refer to as the "go-go-growth” mode. When you are in this fast-paced growth mode, it is hard to pro-actively focus on developing the people side of your business. There are simply too many operational things to do.
As the owner or president of a company in "go-go-growth” mode, the success you have experienced with your business is the realization of your dreams and the return on your investment and years of long hard work. The initial business strategy and plan is working. You have overcome negative cash flow and are not only surviving, but are flourishing.
Sometimes companies in this stage find themselves thriving but going in too many directions at the same time and beginning to feel the need for more planning and organization. You may also be looking at your senior leaders to step up to new and expanded roles.
How do you know if you are coming out of "go-go-growth mode” and ready to start focusing more on the people side of your business?
The Dilemma
If you are the owner of a company in "go-go-growth” mode, you may be feeling like your business is:
- Inefficient in certain areas due to organization around people rather than tasks
- In need of written policies and procedures so employees know what to expect and managers know how to respond
- Reactive rather than pro-active
Recommendations
If you are at this stage, it is time to pro-actively focus on the people side of your business. The sooner your company sets priorities, the faster it will focus and become more efficient. At this stage, it is possible that the way your company has been organized and handled personnel in the past, may need to be tweaked to help you continue to succeed. You may also be fortunate enough to have key people who are ready for new responsibilities.
If this is the case, your company may be ready to move into a phase of innovation:
- Organized around tasks rather than people with work being assigned based on employee competency rather than availability
- Pro-active rather than reactive to customers, employees and other stakeholders
- Collaborating with ease as a strong integrated team
Whether EXCELERANT assists you or not, we highly recommend the following two (2) steps:
- Identify your PEOPLE and COMPANY DEVELOPMENT PRIORITIES: What does your company need to do to keep pace with its current growth or stage?
- Determine your PEOPLE and COMPANY DEVELOPMENT PRIORITIES: Which objectives, when satisfied, will have the greatest impact on the achievement of your business goals?
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