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Preparing For Sustainable Growth in Your Company or Organization

Written by: Glenn Ebersole

Article Overview: As a business owner or senior manager, you are in business to grow your business and then sustain that growth. Companies and organizations try to avoid uncontrolled or unmanaged growth, but realize there are many pitfalls that cause growth to disappear.

Preparing For Sustainable Growth in Your Company or Organization

Preparing For Sustainable Growth in Your Company or Organization
By: J. Glenn Ebersole, Jr., Chief Executive of J. G. Ebersole Associates and The Renaissance Group™

As a business owner or senior manager, you are in business to grow your business and then sustain that growth. Companies and organizations try to avoid uncontrolled or unmanaged growth, but realize there are many pitfalls that cause growth to disappear.

Fortunately there are ways to prepare for sustainable growth. I found a very good resource article written by Geri Stengel, President of Stengel Solutions, and a business strategist. Geri provides 10 tips for us in “Ten Tips to Prepare for Sustainable Growth.” Here they are:

1. Know Your Financials
2. Know Your Outside Financing Options
3. Leverage Core Competencies
4. Focus Externally as Well as Internally
5. Consider Non-Organic Ways to Grow
6. Move From Micro-Management to Macro-Management
7. Make Strategic Use of Outside Advisors
8. Reap the Rewards of Technology
9. Protect Intellectual Property
10. Manage Risk Through Insurance

I recommend that you read the entire article found at www.stengelsolutions.com/tips15.htm

In addition, I discovered another good reference on this subject. Mark Smock, president of www.business-buyer-directory.com (the first international business buyer directory of its kind). Mark wrote, “10 Cardinal Rules for Business Growth,” which can be accessed at http://ezinearticles.com/?10-Cardinal-Rules-for-Business-rowth&id=62413, and listed the following proven tactics for business growth:

Give priority to new product or service development
Find new applications for existing products or services
The “easiest” sale of them all (to existing customers)
Know where to get all the answers
“Buy” rather than “Build”
Think “out of boundaries”
Go “E Commerce”
Know when to say “No” and “Stop”
There is always a price to pay for business growth

If you want to further explore how to prepare for sustainable growth in your company or organization and are following the advice of seeking outside advisors, then please contact Glenn Ebersole at jgeprman@aol.com so we can discuss your specific growth situation.

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