27 Key Strengths currently in place at Successful Growth Companies
Please circle the Top 5 Strengths in your company
- Profits are more than adequate to grow the company
- Strong business/profit design
- Customers are referring your products/services to their friends
- Healthy cash flow
- Sufficient capital available to grow
- Low employee turnover
- Hiring quality staff
- Great staff morale and high voltage throughout the company
- Competent planning throughout the company
- Powerful staff buy-in on key strategies and initiatives
- Project management & resource coordination
- Strong leadership/staff communication
- New staff orientation
- Staff training
- Agreed upon core values throughout the organization
- Adept at capturing and retaining knowledge capital even when key employees leave
- Dynamic periods of high productivity are the norm
- Organization, not just the leadership, understands how the company will grow in the future
- Organization understand the impact that staff satisfaction has on the company’s profitability
- Company culture is generally open to change
- You are one step ahead of the marketplace and your customers as their needs change
- Competency in forecasting problem areas before they surface
- Competency in diagnosing the real problems or obstacles to growth
- Ahead of schedule in getting new products/services to market
- Quickly get systems and procedures in place as the company is growing
- Strong product/service differentiation in market
- High competence in expanding sales
The 7 Stages of Growth were developed by James Fischer, Founder of Origin Institute, a research and consulting company out of Boulder, CO. The Stages of Growth are based on a nine year study of entrepreneurial companies in the Front Range and Silicon Valley and interviews with over 700 CEOs to understand and decipher the patterns, the behavior and the characteristics of growth in entrepreneurial enterprises.