“Conformity is the jailer of freedom and the enemy of growth.”
John F Kennedy
Planning to Fail or Failing to Plan?
Companies are praised for growth. It’s the most important measure of a successful business. Touting stats like the number of jobs created or the amount of funding raised is the be-all and end-all of success metrics. Anyone can simply double the size of a business simply by working longer hours and taking fewer days off. Working longer will eventually lead to burnout. The key to a successful growth is sustainability and reaching sustainability requires a detailed plan.
It’s a fairly common occurrence these days for companies to face massive setbacks trying to grow their business. An estimated 49% of businesses fail within their first five years and approximately 30% of businesses don’t even make it through the first two years. Operational inefficiency because of uncontrolled expansion is the #1 reason a business fails. If you your business is not scalable it will eventually fail. Cash flow is the #2 reason for failure. The cost to reach scalability can destroy cash flow needs. What about your team? Are they the right people to drive your company forward? If you fail to plan, you are planning to fail.
Sustainable Growth = Sustainable Success
What is better than successful growth? SUSTAINABLE SUCCESS. Dynasty Leadership Consulting developedDynastyLC CatapultTM, a process that develops a growth plan, unique to your business, that helps your company grow in a successful and sustainable way.
The key to the DynastyLC CatapultTM is its ability to help your leadership team to strategically envision what your business will look like FIVE YEARS in the future and at FIVE TIMES its current size. DynastyLC CatapultTM pushes you to think beyond your comfort zone and forces you to think different. It works with leadership teams on generating new ideas, different value creations, and ultimately produces a plan to launch your company past your typical roadblocks and into a successful and sustainable future.
The Unavoidable GROWING PAINS
The enemies of successful growth are the dreaded growing pains. Every successful company, regardless of size, faces them. Because it’s often very easy to get caught up “in the business” without ever thinking about how to work “on the business.” It’s imperative you recognize the pains, and blast over these hurdles as soon as you see them.DynastyLC CatapultTM helps you identify and address these pains.
Your current CFO started as your bookkeeper with their only upgrade being their business card.
Your staff is less interested in your success and more interested in destroying each other.
SHORT SIGHTED STRATEGY
Your company is in need of a visionary but you cant seem to see past next Tuesday.
OUT DATED PROCESSES
Your estimating and bidding process was just laughed at by your client.
You’ve repeatedly tried to hire millennials, but you don’t know your Snapchat from your Instagram.
Your competition is driving jet boats and you feel like your anchored to the dock.
A Tool for Every Pain.
DynastyLC CatapultTM uses a series of unique tools to ensure every pain is treated, every question is answered, and every potential obstacle addressed.
- Roster Readiness
Do you have the right team ready to lead? Are the critical people you need in place? Can your team you have currently handle the larger responsibilities? Do you have enough employees?
- Cash Flow Allocation
If you are spending all your money on new systems or innovation will you run out of the money needed to pay all your new employees? How do you properly manage your cash flow?
- Process Improvement
Doing it like you did it yesterday might not be how you do it tomorrow. What processes, software or facilities will you need?
- Value Protection
They are the pillars that all growth will rest on. If they are solid, they will support a very large company. If they are weak, (or worse fake) everything will collapse on itself. Does your growth plan support your values?
- Executive Time Assessment
Planning is essential, if you spend all your time planning processes that will be effective at scale, what happens to current customers in the interim. If you spend all your time putting Band-Aids on major process issues, you’ll end up building your company without a solid foundation to support growth. How do you satisfy clients in the short term while preparing for success in the long term?
- Executive Delegation Filter
When should you step aside and allow other individuals to steer the company? When is maintaining the vision of the company more important than focusing on daily activities as it scales?
- The Pivot
To grow 5x, you have to fundamentally change and improve the way the business runs. That means generating new ideas, different value creations, and a plan to pivot when needed. Are you ready to realize if you need to pivot?