Home Uncategorized Real growth in business takes time…

Real growth in business takes time…

Posted on:
Read Time: ( words)

The growth cycle of a Chinese Bamboo Tree is a great metaphor for that of any business.

Why do I say this?

Well, after planting the seeds of a Chinese Bamboo Tree, it takes the best part of 5 years of irrigation and nurturing with nutrients before the first leaves appear above the ground. During the next 5 to 6 weeks, some types grow to over 90ft!

During the 5 year period, an extensive root system develops and this is one of the reasons for the immense growth in such a relative short period of time.

This is similar to any business.

Any growth in a business depends on the investment in time, energy, focus, resources, etc. This enables growth over a period.

At ActionCOACH, a great initial focus for business owners are the following four areas of business mastery:

  • Destination mastery – clarity around the vision, mission and culture of the business. This includes a detailed business plan with specific 1, 3 and 5 year written goals. Does this plan build the business towards a sellable asset with real value over time?
  • Time mastery – what is the daily focus on time management? How effective does the owners, management and team leverage time and resources towards specific outcomes? Regular review of time logs, a delegation system and default diary?
  • Delivery mastery – Systemizing all functions of a business to ensure consistency in current delivery of products and services? Regular feedback and reviews from clients? On-going evaluating of our customer’s experiences? Existing bottlenecks and challenges in delivery processes?
  • Financial mastery – Updated regular financial reporting? Analyzing margins of products and services? Calculating breakeven for the business as a whole as well as breakeven for specific income streams? Pricing and cost reviews? Age analysis of debtors and creditors?

Similar to a Chinese Bamboo Tree’s root system, mastery in these four areas, lays the foundation to building a profitable, sustainable business over a longer term. This also helps to minimize a sense of being overwhelmed and constantly in crises management mode.

Business owners and ‘wannabe’ entrepreneurs, take note – there are no ‘silver bullet’, ‘easy way’ or ‘Kool Aid’ solution to long term business sustainability and consistent business growth. Success in business requires amongst other things a high level of single-minded focus, determination, energy, tenacity, business skill, etc.

It has been said that most successful businesses became ‘overnight successes’ that took years to build!

How does a business coach like myself, help a business owner in this journey? I provide an outside objective view, a source of knowledge and skills, but most important being an accountability partner to an owner!

Growing a business from good to great takes time…! Start your journey sooner rather than later.

This post has no tags.

Please complete your Biography information found at the User's Your Profile section.