No matter how you voted, we can all agree that something has changed and more change is coming. Are you ready? It is time to dust off your strategy for the next 5 years and make your own changes. If not, you will not achieve your growth goals, exit on your terms, and may end up closing your doors as is happening with so many restaurants, retailers, and other businesses.
Looking at the business forces diagram, consider these upcoming and continuing changes.
- Globally wars will potentially end, decreasing spending on military
- Market constraints will decrease as regulators back off their efforts
- Government will likely be more friendly to growth and investment
- Sales and Marketing will adapt to a smaller, younger population with different interests
- Supply chains will change as countries compete for jobs
- Disruption will necessarily continue as all the changes play out
- Competition will grow stronger in small and medium business due to Private Equity acquisitions
- Technology will continue to advance, partially offsetting the low skill labor needs, but increasing the need for higher skilled people
- People, Processes, Products, and Infrastructure will change to adapt to fewer workers available.
Need help in crafting a winning strategy? Here are 7 opportunities to REV up your business in terms of Revenue, Earnings, Value.
- Let’s talk
2. Learn more about the key financial metrics banks use and buyers assess:
https://www.60minutecfoacademy.com/?ref=617b2d
3. Know WHY you and your leadership team do what they do?
Send an email with Name, Phone, email and an invitation to take the first step in discovering more will be sent to you. PaulMenig@BusinessAccelerants.com
4. Learn more about the WHY.os (WHY/HOW/WHAT)?
Send an email with Name, Phone, email and an invitation to discover even more will be sent to you. PaulMenig@BusinessAccelerants.com
5. Learn where you are on The 5 Steps to Freedom
for companies under $10 million in revenue
https://coach.businessaccelerants.com/score-card
6. Learn more about the 21 Silver Bullets that can quickly help you improve
https://coach.businessaccelerants.com/academy
7. Increase your company revenue, make it easier to run, or prepare to exit
for companies with greater than $5 million in revenue
