Growth essentials

Having failure parameters in mind is important to avoid pitfalls as you work to develop your organization. 

However, looking at the glass half full, it is also important to mention the success parameters that we have identified over the course of our long careers. 

What makes some start-ups succeed or existing organizations grow further into large corporations or being sold to a large corporation once having built a strong foundation?

It is always a matrix of parameters and there is no easy recipe for success. Bear in mind that the points below are dependent on the size of the organization, the stage in which the company finds itself, etc. Nevertheless, at Agreement Consult, we experience that some of the most important factors are:

⦁ A good product offering
⦁ The right timing
⦁ An outstanding, diverse and dedicated management team
⦁ Professional and motivated employees
⦁ A good company culture
⦁ A solid business plan
⦁ Healthy financial management
⦁ Focus on professional sales efforts and a well thought through go-to-market strategy
⦁ Outstanding customer support and customer focus

Of course, running a business and anticipating the constant changes that arise is not an exact science.
That’s why the points mentioned above are just a broad overview and depending on many circumstances. Growing a start-up and making it successful, requires flexibility, stamina, willingness to change direction, strategy and decisions and most of all; hard work. 

It is imperative that the CEO of both start-ups and established companies has enough self-awareness to understand when he/she needs to involve third parties to bring in professional knowledge where necessary this includes having a level-headed approach to:

⦁ Timing
⦁ A positive yet realistic view of your product/idea
⦁ Your own competencies’ strengths and weaknesses
⦁ Receptiveness to feedback from experts

Experience has taught us, time and time again that amateurism, even with the best intentions, will harm the business more than that it will benefit from it. 

So, how to ensure that you are on track with the growth essential success factors while steering away from the pitfalls? That is what we will help you do…

Contact us today and let us steer you in the right direction towards growth.