Small businesses are the backbone of the American economy, and they play a vital role…
Report: The 5 Impediments of Growth
Our work with growing companies has uncovered the core practices that successful businesses share. We organized these important practices into five main disciplines we lead our clients through on their path to hypergrowth.
However, many of the companies we’ve worked with over the years have come to us because they feel stuck. At some point in their lifecycle, they hit the ceiling on growth. Almost all of these companies share one or more of five main issues with growth that we have uncovered. We call these issues, “The 5 Impediments of Growth.”
Just as our core Enterprise Velocity disciplines can help you unlock growth, these impediments add choke points and chaos to your business. The impediments arise organically as a part of building a company, so it is extremely common to encounter one or more of them in any business.
At some point in the life of every company, you hit the ceiling. What is the ceiling? It’s an invisible upper limit on your growth. Different companies have different ceilings depending on their markets, products, teams and customer demand.
What does the ceiling look like? You may find several symptoms of hitting the ceiling, including common issues like:
- Not being able to get over a particular level of annual revenue growth
- Relying too much on customer base revenue instead of growing new numbers
- Adding revenue even though you’re not adding new customer “logos” to the business
- Losing customers or revenue as fast as you can add them
- Stress and long hours for the founders and key employees
- Losing key employees to more stable competitors
- Late or slipping project plans across your team
- Fire fighting instead of value building
Learn more about how you can overcome these 5 impediments by downloading this free report today.