Growthink works with rapidly-growing middle market companies and successful business owners to explore the viability of expanding into new markets, launching new divisions, or developing new products.
Unlike other consulting firms, Growthink focuses solely on entrepreneurial endeavors which have many unique challenges and opportunities. Growthink is typically hired by a Company’s management team to develop a tactical strategy in order to enter a new market, create a business plan around a new product or service, or provide advice on the viability of spinning off a non-core asset as a stand-alone company.
Business plans for entrepreneurs and companies in this situation are both similar and different to start-up business plans in a number of ways:
- Reliable market research and data collection is absolutely critical to drive effective strategic decision making. Growthink collects and reviews all available data from a variety of primary and secondary sources to determine credibility, and uses this data to build the framework for understanding market size and trends, customer attitudes and concerns, and competitive strengths and weaknesses.
- Developing a realistic financial model based on market data, past Company experience, and our best practices is many times the most important deliverable and planning tool a client receives during their engagement with Growthink. The model is “assumptions driven” and flexible—meaning that it can be used to test different scenarios such as examining sensitivity to the business’ key drivers. The model takes into account a Company’s “hurdle rate,” or expected internal rate of return to allow management to decide on a best course of action forward, whether to integrate the product within a Company’s existing business, spin the concept out, or to discontinue the project.
For over 20 years, Growthink has been the market leader in developing strategic plans for growth-oriented companies, resulting in hundreds of millions of dollars in revenues for our clients.
For 20 years, we have aided in the growth of thousands of clients – startups, small businesses, venture capital and private equity firms, non-profit and governmental organizations, middle market and Fortune 500 companies.
Below is a representative sample of successful clients.