Managing Business Growth – The Killers of Business Growth
Ask any business owner what they’d like for their business, and they’ll say “Growth”. But managing business growth isn’t just about increasing your profit margins or growing your turnover. As Pavlo Phitidis outlined on The Money Show with Bruce Whitfield, managing business growth should be about more than just adding new branches, purchasing new assets, or expanding your footprint. Managing business growth in a sustainable way means building and investing in your capacity to grow, before you grow. The true essence of growth does not lie in the numbers - your business is much like a body: it must learn skills, build muscle, and grow, before it can carry a bigger weight. Similarly, your business is much like a professional athlete, in that – to run faster, better, and further, every part of their training schedule, physique, and nutrition, must be well-maintained to enable success. Every organ within an athlete’s body must be in happy, healthy, and work in unison to enable them to achieve their goals. It’s the same within your business. The potential killers of business growth reside within these all-important variables:
Learning lessons from the GrowCo conference
GrowCo gives attendees the opportunity to learn from the best in the industry with more than 600 people attending – including CEOs and thought leaders – workshops and networking opportunities. Here are a few insights Pavlo Phitidis came away with after attending the world’s biggest three-day business growth conference.