NY Times best-selling author Nassim Taleb coined the term, anti-fragile as something that does not merely withstand shock but improves because of it.
Scaling-Up brings similar anti-fragile attributes to businesses that adopt its tools and methods to scale 10x in five years or less.
Here are a few reasons to adopt Scaling Up:
- There is a desire or need to accelerate growth and profits.
- Founder(s) looking to step back from the day-to-day.
- Attain a high-value multiple on the sale of the company.
- Improve team communication and execution.
- Develop a formalized strategy for growth.
- Improve cash flow.
Scaling Up is a community of Certified Coaches bringing a wealth of entrepreneurial and business experience to every engagement. I'm one of a community of coaches that can rely on the collective shared wisdom of others for those hard to answer questions.
What's Scaling Up?
My primary methodology is based on Scaling-Up, by Verne Harnish (Founder of the Entrepreneur's Organization). Scaling-Up is designed for company performance by focusing on the Four Decisions® methodology, of People, Strategy, Execution and Cash. These feed into a One-Page Strategic Plan, meeting cadence and clear goal sharing used by more than 70,000 companies from around the globe. As a entrepreneur, I've seen these practices work in my own companies.
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We're Going to Look at the 4 Decisions Areas
Is everyone in the company working to the best of their ability? Are they aligned with the goals of the company and enjoying the work they are doing?
Does your company have a stable plan in place for long-term growth and how to get there? Do you know what's driving that growth and is everyone on the same page?
Are there daily, weekly, monthly habits and routines that are driving the company forward? Or is work a series of reactionary responses and fire drills?
Is the cash conversion cycle well understood and does the Executive Team understand what's needed to make improvements to it? What impacts the cycle?