Weekly Business Idea

June 14, 2013 – Grow Your People

Posted on | June 14, 2013 | No Comments

Main Idea:

Is your business growing?  If not, what are the limitations?  Do you have a clear marketing strategy?  Do you have operational excellence?

Expansion of the Idea:

I was recently reminded of the number one problem for growth for most businesses.  Most people would think it is the economy or not enough customers or lack of clarity in your marketing message.  And yes the economy is inconsistent and you need customers and you need to be clear in your marketing messages.  Your branding has to be consistent and compelling.  All of those things are necessary for you to be great.  Sometimes, there are some hidden things that affect your growth.  In his book “How the Mighty Fall”, Jim Collins quotes Dave Packard:

“No company can consistently grow revenues faster than its ability to get enough of the right people to implement that growth and still become a great company. [And] If a company consistently grows revenue faster than its ability to get enough of the right people to implement that growth, it will not simply stagnate; it will fall.”

Most of us look outward when we are trying to figure out how to grow. Sometimes, we need to look inward.    We can have employees who are fantastic people, great team members and people you would love to be around.  Yet they may not be what you need at that moment.  Do you have bottlenecks that are slowing the business down?  Do these people have the right skills to help push your business?  They can have the right skills but not be trained properly and they still do not fit.

I know that this has held my firm back in the past.  My team two years ago probably has an impact on my firm’s performance today.  We have not always had the right people to move forward.  All it takes is one person in the wrong job and it impacts the whole business. This is a never ending problem because it requires hiring the right people, training them, empowering them and then training them again, etc.  With the constant changes that are in the world, we have to consistently grow our teams.  This attitude of personal growth is critical for our teams, our businesses, and our success.

Ideas to think about:

  1. Is my team holding the business back?
  2. Is there an individual who is a bottleneck?
  3. Do I need to hire someone to allow for growth?

For those of you who have not signed up for the Global Leadership Summit on August 8 and 9, I would strongly encourage you to consider this.  This training is one of the best ways to grow yourself and your team.

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  • About

    These weekly ideas are brought to you by FitzGerald & FitzGerald P.C. For more information about how to use these ideas with your small business contact Tim FitzGerald at trfitz@fitz-net.com.