Many small and medium enterprises (SMEs) that have been successful in their own right, over time, hit the “growth brick wall”. This happens when businesses fail to recruit enough individuals or implement the right systems and processes. As a result, their growth ambitions are stifled.  

 The key is to first recognise this, then focus on which challenges relate to your business, as one brick often looks much the same as another!   

 

The first indicator that your business is facing the growth brick wall is revenue. When your revenue starts to decline many businesses start to spend in an attempt to regenerate growth. However, this spending often fails to return any value because the underlying issues are not addressed   

 

It is not spending money that is the problem, but what the money is being spent on.  

 

Time and again, businesses will try to bring in new technology that promises to streamline processes, without looking at the current process itself. As a business leader, giving yourself enough time to assess where you’ve come from and if you’re heading on the right path is critical to successful growth. 

Ultimately this may result in spending money to recruit the right individual, or set of individuals, that give you the time to monitor your businesses progress and who can share the established ‘Mission and Vision’. 

 

Be brave in seeking advice and guidance 

 

To highly driven business leaders and entrepreneurs, seeking advice and guidance can feel like a failure. However, if you are in the position of feeling your business is running you, now is the time to ask why?  

Bringing in people who have a skillset to look at your organisation in a different way, allow you to assess what you are trying to achieve, and apply simple and effective processes is paramount to turning the tables and smashing through the brick wall.  

 

At CIYGA, we’ve been there, done it and worn the T-shirt. We give practical advice from firsthand experience of running successful double digit growth businesses over the past 20 years. We want to get stuck into your business to help the boat go faster and share your passion in achieving growth. 

 

If you want to regain control of your business, now is the time to act. Take our “Is Your Business Running You?” assessment or book some time in our calendar for an informal, open, and honest chat.