By Fergus King, Shirlaws UK Business Coach
In my previous life in corporate finance, we were dealing with business plans being pitched all the time. In time, we were able to recognise that all business plans are the same – over time all the income/profit projections go up!
Yet what an investor recognises is that it is not the plan that really matters, it is the capability of the business to implement the plan that matters. The plan is usually written as a set of projected outcomes. All very nice, but what is the source of those outcomes? The capability to implement.
As a business coach I encourage all my clients to review regularly their capability in three “business asset classes”: Strategic, Revenue Generation and Productivity/Infrastructure. Reviewed in a structured way, it is amazing what comes out of the analysis and how actions can be focused in the areas that will maximise commercial and cultural uplift/ROI.
Trying looking at your business in its constituent parts and then consider: do we have the capability to implement our plans?
There are 14 key stages that each business needs to go through to get to advanced, sustainable growth - including two brick walls which many companies never break through.
Find out where you are in the lifecycle - and what to do next. Complete stages and download your 15-page action plan.