Getting focused on the right things at the right time leads to success for any leader of a growing enterprise. Getting an entire team of people focused on the right things at the right time is what separates good companies from great companies.
Why 7 Stages of Growth
Based on interviews and working with 650 CEO’s in 35 different industries, James Fischer was able to identify 7 Stages of Growth that firms pass through from Start-Up (1-10 employees) to Visionary (161 to 500 employees).
The 7 Stages of Growth research provides you with the rules of the road to help you focus on critical issues associated with the different stages of growth. Each stage of growth has 5 Non-Negotiable Leadership Rules that provide specific guidelines on what activities to take seriously.
Wait, what do you mean ‘non-negotiable?’
The idea that these are “non-negotiable” can create push-back with some CEOs. You may bristle a little when told you ‘have’ to do certain things. The reality is, these non-negotiable rules are designed to help you create a solid foundation on which to grow a successful company.
The Non-Negotiable Rules Will Help You:
1. Figure out what you didn’t know (you don’t know what you don’t know)
2. Get you thinking about areas of your company you hadn’t thought about before
3. Focus your efforts on the mission critical aspects of your company’s stage of growth
4. Give you headlights into the future to be prepared for what’s coming
5.Provide a rallying point for the entire company
The bottom line is this – the value in the Non-Negotiable Rules is they will help you make better decisions and proactively manage your company’s growth. If you will delve deep into the issues uncovered in each rule, you will start to think differently about how you look at your company.
Five Non-Negotiable Leadership Rules of Stage 3
Each of the 7 Stage of Growth has their own 5 Non-Negotiable Rules. Stage 3 is a firm with 20 to 34 employees. Stage 3 is the stage where the firm moves from CEO Centric (it’s about the CEO) to Enterprise Centric (it’s about the company). So here are the Rules of the Road for a Stage 3 Company.
- Release control to capable managers and then lead them. Create a manager team that meets regularly — (delegate responsibility and authority)
- Create an advanced financial reporting and projection system
- Instill an employee accountability mindset throughout the company
- Overhaul the business model.
- Without fail, clarify and strengthen any and all communication with your employees
When these rules are ignored, the impact is felt the greatest on your employees. Do everyone a favor. Focus on the rules that govern your stage of growth and reduce the chaos that comes with growing a successful business.
Getting Started – A FREE Test Drive
James Fischer identified not only the 5 Non-Negotiable Rules, but the top five challenges at each stage of growth. Do you know your Top 5 Challenges? I challenge you to take the FREE 27 Challenge Assessment. It will not only give you better insight into your Top 5 Challenges, but you will receive a Special Report for your Stage of Growth. The Report will provide you with the following:
- 5 Biggest Challenges for your firm’s stage of growth
- Tools to Build Your Business
- 5 Non-Negotiable Rules for your firm’s stage of growth
- Business Building Blocks
- Getting Ready for the next Stage of Growth
To take the FREE 27 Challenge Assessment go to https://www.trwconsulting16.com/ and click on Take 27 Challenge Assessment.