By John Binkley
For many people, the start of a new year is a chance to make a promise to oneself to do something positive to improve their life for the coming year. Resolutions come in all forms:
Unfortunately, by February, most of us have broken the resolutions we made. Treadmills are back in the garage. There is not enough time or money to take that dream trip, or perhaps, business plans are set aside again because of the hustle and bustle of day-to-day management.
It’s an annual routine many of us are familiar with. However, this year, I urge you to not lose sight of one resolution you may have set yourself – achieving consistent growth in your company.
There are numerous business owners whose main objective is to maximize the value of their business and their long-term goal is to exit for an optimal value. Those who are looking for continuous growth are often unsure how to sustain it. Early in their company’s life, there may be a consistent period of growth. Over time, a gradual slow down occurs, and perhaps growth even stagnated.
Even though businesses are capable of growing without a plan in place, the growth will be temporary. With no roadmap guiding your company’s course, much of the growth it experiences is just a luck of the draw. Rather than riding the wave of the growth cycle - plan ahead. Establishing a meaningful and intentional plan will help you ensure growth is sustained in the long term.
As Lewis Carroll (of Alice’s Adventures in Wonderland fame) said…
Alice: “Where should I go?” The Cheshire Cat: “That depends on where you want to end up.”
To avoid wandering aimlessly, have a strategic plan in place – one that is built around your ambitions and the current state of your organization.
Our Generational Consulting Group (GCG) team exists to mentor entrepreneurs so they may achieve their revenue and profitability goals. Even the most knowledgeable business owner can run into challenges that prevent them from reaching the next level.
With the right expertise by your side, you can rest assured that the resolution you made back in January to increase profits and tighten up on expenses isn’t broken before the end of the month. You can look forward to a successful and fulfilling year with every milestone mapped out.
Our team at GCG accomplishes this by focusing on two areas:
These are 3-to-5-year strategies focused on long-term ongoing improvements.
Our strategic growth planning sessions include:
These sessions help define a long-term vision for growth, as well as inform potential buyers that there is a definitive plan in place for your company’s future.
These are more concise, 3-to-12-month plans that focus on short-term improvements. Best suited for underperforming companies that need immediate guidance, a tactical acceleration plan identifies techniques that boost short-term profitability, cash flow, and performance.
Like strategic growth planning, this approach assesses your company’s key metrics and leadership skills, with a more acute scope. Tactical acceleration is designed to propel performance immediately which gives your company a stronger foundation for planning a long-term future.
Depending on your company’s position and your goals, a Generational Growth Consultant will help you determine which plan is best for you. I encourage you to use the beginning of the new year to fully examine, analyze, and consider where your business is today and where you want it to be in the coming years.
To better understand the power and motivation that an intentional growth plan can give your company’s future, consider the following stories of the business owners that have collaborated with Generational Consulting Group:
After hitting a plateau in their company’s growth, Michelle & Jeff Ber developed a comprehensive strategic plan that centered on the nature of their business and areas that could be refined. Once the plan was in place, both owners have the utmost confidence this structure will make a positive impact on their company’s future.
Rocky Vinciguerra knew his company had a quality product, but was finding it hard to translate it into growth. Following an extensive planning session, Rocky and his team now have a united gameplan and direction on what steps need to be taken to reach their objectives.
Spending several days working in tandem with GCG’s associates, Shawn Heinen came away with an actionable & comprehensive plan that will enable his business to grow 50% in the next three years. In addition, the exercises Greens Groomer utilized, helped bring the entire team closer together.
Kim Anderson had a bright vision of her company’s future; however, she lacked a strategy as to how her team would turn her vision into reality. Following her sessions with GCG’s strategists, she had a fully fleshed-out plan on how to double revenue and triple enterprise value in the coming years.
By the end of the second day of his sessions with GCG, Howard Wall was convinced the knowledge and advice his team had gained from our experts would make a big difference to his company’s future. Every MHT Access Services manager had a voice at the table and contributed to the development of their new unified strategic growth plan.
I hope you can stick to the resolutions you made. Even if some resolutions aren’t successful this year, do your best to keep one of them – having a strategic growth plan for your company.
Where is your horizon? What is limiting your company’s growth? Where do you want your company to be at the end of 2022 and beyond? With a well-thought-out plan in place, you can answer these questions with certainty. And by this time next year, you will be amazed at how far you and your company have come.
Remember, the key to consistent growth is planning for it in advance. Don’t just wait and see if it comes to you and your company. Take action. Make it happen. Be INTENTIONAL!
If you are aspiring to grow, but have questions on how to create a plan, reach out to our skilled strategists at Generational Consulting Group. Whether you have short or long-term goals, we work closely with our clients to understand their unique ambitions so we may build a successful roadmap to help them achieve their goals.
To discover more information, attend a Generational Executive Conference, where our experienced M&A professionals help you understand growth and exit strategies that will maximize the value of your company. It’s more than an investment in your business – it’s an investment in yourself.
I hope you and your loved ones enjoy a prosperous and fulfilling 2022!
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
Generational Group’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables Generational Group to serve you more efficiently and makes it more convenient for you to do business with Generational Group. Generational Group is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.