And there are four decisions in growing your business that you must get right or risk leaving significant revenues, profits, and time on the table.
These four decisions – People, Strategy, Execution, and Cash – are contained in Verne Harnish’s Mastering the Rockefeller Habits, and designed for expanding companies.
- People decisions are about happiness – getting, keeping and growing good people. Do you have the right people in the right seats?
- Strategy decisions drive revenue and growth. These are the decisions that make you real money and help you dominate your industry. Do you have a plan or are you just re-acting?
- Execution decisions are about profit and saving time. If you want to reduce the time it takes to manage your growing company, get good at these disciplines. Are you hitting your milestones?
- Cash decisions produce the oxygen for your business. You can survive a long time without profit but you cannot survive a day without cash. Are you maximizing your cash conversion cycle?
Even though most growth firms face continual challenges in all four areas, at any one time the challenges in one of these areas overshadows the rest. Therefore, your first decision is to choose which one of the four to focus on next.
Results from mastering the Rockefeller Habits!
Lead the charge on high payoff initiatives.
Keep everyone in your organization aligned – and accountable.
Create customer loyalty that makes price irrelevant.
Fuel growth with smart cash-flow management.
Know what’s working at today’s mega-growth businesses.
Build real market value and serious stakeholder wealth.
We combine the best of the Rockefeller Habits thinking with our skills and experience to help you develop plans that work and grow your company, solutions that fit, solutions that solve.
To find out more and to bring the Rockefeller habits to your company, schedule a free 2-hour strategy session with David Paul Carter today!