The CFO'S Perspective

Growth Strategies - Risks and Possibilities

There’s nothing wrong with taking your business in a different direction. Some of the world’s most successful companies started out doing one thing and ended up succeeding at something else. Cell phone giant Nokia began as a rubber bootmaker, and oil conglomerate Shell was an importer of actual seashells. 

You can certainly reinvent yourself at any time, and sometimes it’s the best idea to guarantee success and longevity. But have you considered all of the risks and possibilities as you plan your roadmap for the next chapter of your organization’s growth?

Topics: Planning Growth Risk Management Strategy

Resource Planning for Optimized Client Acquisition and Aggressive Business Growth

 

For many owners and executives, some of the most trying times are not when the business is in stagnation, or even decline. The difficult times often surface when a company is growing rapidly.

Aggressive growth phases test every aspect of an organization’s leadership, making growth one of the biggest challenges faced by small-to-medium sized businesses and startups.

On a growth trajectory, leadership is left wondering “How can we get the most out of existing resources?”, “Which new resources will we need to acquire?”, “How do we prioritize our needs?”, “How many new employees will we need to hire to achieve our goals?”, and “How can we get everyone bought into the growth plan?” In short, “What comes next?”

Topics: Planning Growth Resources