Overcome Business Stasis [or Pay the Price]


 

A good friend of mine runs an IT consulting business. 

From the outside, it seems successful. He has solid revenues and marquee clients. 


 

What We All Can Learn from Wayne Huizenga


 

Under-reported last week was the passing of Wayne Huizenga, one of the truly great entrepreneurs of the last 50 years.


 

Is Your Business Running Out of Time?


 

On Monday, New York Times CEO Mark Thompson admitted something. 

He admitted their print version faces inevitable "expiration." 

Yes, he said “expiration.” 

As in running out of time. 

Now, as a long ago paperboy (for an afternoon newspaper no less!), I felt  a small but perceptible sting of nostalgia at this not entirely surprising news. 

But what really caught my ear was that word "expiration."  

As in a business that, because of technology and changing customer preferences, is just running out of time.

Very unfortunately, when confronted with this kind of reality, too many executives and business owners react in exactly the
wrong way.

They sit in a place of denial - refusing to admit, concede (or even research and understand) the drivers, consequences, and timeline of their business demise.

Or they waste precious time and energy in feeling sorry for themselves - boringly waxing on as to how things “used to be” before all of this "technology" and "those people" got on and ruined things.

Others are more functional, but sad and depressing in their own way. 

They admit, like the New York Times CEO, that they face expiring pressures but then deceive themselves by placing that expiration date in the distant and unpredictable future - kicking the can down the road to be dealt with later, usually by someone else.

Or they “toe dip” with high promise business model innovations, yet weigh them down with the fixed overhead of their expiring parts. 

Half measures like this are doomed to failure.

No, the only appropriate response to expiring business realities is quick, uncompromised and even heartless action.

In the case of the New York Times, that probably (and obviously), should take the form of discontinuing the paper’s print version immediately and not in "ten years or so" as currently planned.

In the case of most smaller businesses, it starts with a thorough audit of all expenses - rents and labor especially - and then matching those against sources of revenue to identify which are moving forward value-add and which are "legacy," expiring and running out of time.

Now, conducting this cost and profit audit based on current marketplace and competitive realities can be money saving, but doing so on future, forecasted realities can be
business saving.

For example, while a defensible argument can be made that many folks are still willing to pay quite a bit to put their hands on a physical newspaper, the economics of so doing are almost certain to continue to deteriorate, so why weigh down the rest of the enterprise to protect a part of it whose future is so bleak?

This is where business leaders become great -- via their ability to forecast how things will be, and then harshly adjust today’s strategies and tactics to serve
tomorrow's realities and opportunities.   

Expiration is the frightening flip side of technological innovation and change.   

Watch-on painfully as it drives your demise... 

...or use the threat of it to drive change and innovation at your business for the better.  

Would you sell your company if the price was right? 

If so, how much is the right price? And do you truly think you can get that? 

To get the highest price for your business, join me for an information-packed recorded web training where I reveal the 5 steps you can take to dramatically increase the sale price of your business, and dramatically decrease the time needed to achieve it.

Watch Now! <== Click Here


 

Is Your Business Due or is it Hot?


 

I recently read a great story about basketball legend Nate “Tiny” Archibald.

Nate was such a great player he was inducted into the NBA Hall of Fame. 

But earlier in his career, he missed the first 20 shots of his South Bronx high school championship game!

In spite of this, his team stayed close and in the last minute had an opportunity to win with a last second shot. 

The team’s coach, well aware of Nate’s deep slump, diagrammed a play to set up a shot for another player.

As he did, Nate jumped up and said, "Wait a minute, Coach! I want the shot. Give me the ball!”

The coach, against his better judgement but impressed by the display of confidence, changed the play to give Nate the last shot.

Which of course he made and was carried off by fans and teammates as the hero of the night.

When re-telling the story later in life, Nate was asked how he was able to stay so confident after all of those missed shots. 
 

He answered, "Well, I've always been a 50% shooter. After I missed one, I figured the next one was likely to go in. After I missed two, I was overdue. After I had missed five, I figured the odds were increasing in my favor."

Then he was asked, "Okay, if that's how you think after you miss your first few shots, how do you think when you make your first six or seven in a row?"

"That's totally different," he said. "I feel that tonight's my night, I am on a hot streak, and that I am going to make everything."

"That's ridiculous," the questioner challenged, "You can't have it both ways."

And the future hall of famer so very sageley replied: "Of course you can."

Yes, great shooters serenely oscillate between these two equally empowering realities.

They are either due or they are hot.

Shouldn’t we think about our businesses this way?

If we are coming off a bad year, a bad month, a bad day, well then we are due for the next one to be very good.

And if things are going well, if we are seeing double digit growth, or if we just made a big sale, or if our new product launch is met with great reviews then...
 

...we are hot and should press our bets with more marketing spend, new hires, raising capital, etc.

In either case, the empowering stance is to frame whatever has gone before as a
positive for our future prospects.

Feeling and acting this way has a number of awesome benefits to our businesses and ourselves.

First of all, with confidence we do everything faster.

Meetings are shorter, and more action-focused. 
 

Conversations with prospects get to the point quicker.  

Hiring (and firing) decisions are made far more rapidly. 

And our confidence inspires all we touch.

I challenge you to name a great business leader whose persona was not dripping in confidence.

Think about the big and bold innovators from last week - Jeff Bezos, Warren Buffett and Jamie Dimon.
 

You don’t take on the challenge of fixing our nation’s broken healthcare system without oodles of confidence!

And, finally this eternally confident mindset is just a beautiful way to live and work, is it not?

Whether or not things in the end turn out as well as our strong and steadfast confidence should predict, at least between here and there we live and work in that magical and happy world where the second the ball leaves our hands...

...we just know it’s going in.
 

Is Your Business Hot? Or Due? 

Either way would you like more of the “good stuff” - more sales, more profits, more equity? 

Have a key business initiative or a key new product that you would like help in getting done and launched?  

Well, then click here and complete this short questionnaire.  

And whether your business is hot or due, we’ll reach out with our thoughts to help you.


 

The Biggest & Boldest Undertaking of 2018


 

The big news this week was the announcement that Amazon, Berkshire Hathaway, and JPMorgan were teaming up to form a completely new healthcare company.

As in Jeff Bezos, Warren Buffett, and Jamie Dimon. 

Wow. 

What does this mean for healthcare as we know it? 

What can your business learn and gain from this incredibly big and bold undertaking?

Well, all of us - frustrated by always rising healthcare costs and its way too often uneven and mediocre quality - should applaud these innovators and root for their success.

What gets me really excited, much more so than I was for last month’s “in industry” disruption attempt of CVS buying Aetna, is that these are true industry outsiders and legendary business leaders of the highest rank.

Jeff Bezos will bring his hyper focus on the end customer experience, and then how to apply technology to make that experience as quick, delightful, and consistent as possible.

Warren Buffet will bring his incredibly prescient sense of the brand, franchise, leadership integrity, and cost drivers of any company, and from that sense serenely and precisely forecast its future cash flows.
 

And with Jamie Dimon, it is risk management, the ability to hedge against and optimize for vast and complex scenarios of potential economic results. 

Combining these three sensibilities creates incredible potential for customer-centricity, quality improvement, and cost reduction in this gigantic domain of our society and economy that has frustrated so many for so long.

At the top of this “frustrated” list for sure are those business owners committed to offering quality healthcare benefits to their employees, but struggling mightily against the absurd costs of doing so. 
 

But as any business owner knows, there is nothing like a hard and determined competitor to force prices down and services up.  

Because it is one thing for healthcare industry incumbents like Aetna, Anthem, and Humana to "talk the talk" about reducing costs and improving value... 

...but it is another thing entirely when they are forced to do so because of the existential threat of a “disintermediating” juggernaut like Amazon and friends represent here.

And oh yes, none of these companies should believe for a moment that Amazon, Berkshire Hathaway, and JPMorgan will for long be engaged in the healthcare business as they say are now - “on a non-profit basis and solely for the benefit of their own company’s employees.”

They will start that way, and create significant advantage as their baseline healthcare costs drop below their competitors, but just as Amazon does with its web services platform, they will soon start selling their healthcare platform as a service to the nation at large.

And then we will see the benefits of real competition for our healthcare dollar -  lower prices, expanded services, and yes better health for all.

This will be awesome. 

And for those thoughtful and “techno-optimistic” business executives among us, it might not even be the best part.

No, that would be that with this big and bold undertaking, Jeff Bezos, Warren Buffet, and Jamie Dimon inspire us to believe that our most vexing societal and economic problems can be solved through...  

...that so simple combination of applied technology and sound business principles and ethics.

Shouldn’t we act on this inspiration?
 

Through a re-examining and re-engineering of how our businesses utilize technology to deliver more value to our customers at a lower cost? 

And then with our better engineered business, shouldn’t we then attack, like Bezos and Buffet and Dimon, really big new markets and opportunities?

Yes, why can’t we too can be the makers of business history and reap the rewards for so doing?

To heck with the status quo!
 

Like some "Bezos and Buffett" magic injected into YOUR business? 

Not generating the kinds of profits that attract to it business suitors of all types? 

Are you unable to pursue good business opportunities because you just can’t seem to get out of your own way?

Have a key business initiative you would like fresh ideas on how to get done? 

If any of these describe your current situation, then complete this short questionnaire and we’ll reach out with our thoughts to help you.


 

11 AMAZING Businesses Your Business Can Learn From


 

Does your company defy the odds? 

Remake the status quo? 

Transform your patch of the business world? 

Well, the 11 finalists in Inc. Magazine’s “Company of the Year” competition certainly do.

What can your business easily learn from them to perform far better in 2018 than ever before? 

Well, here are 11 quick business wisdoms from these 11 great companies: 

#11. Tesla. Elon Musk’s electric car maker saw its valuation grow to more than $60 billion last year, greater than that of General Motors in spite of selling 90% less cars!

One Quick Wisdom from Tesla: Innovate, Innovate, Innovate! Tesla’s financials aren’t great, but both its capacity and reputation for breakthrough innovations has made it one of the most iconic and valuable companies in the world. 

Ask everyday “Where and how can my business innovate more today?”

#10. WeWork. The sharing economy’s darling provider of shared workspaces (including for my company Growthink!) has since its founding 9 years ago grown to 172 locations in 18 countries.

One Wisdom: Everything, even physical space, can be purchased and consumed “as a service” versus being leased or owned. And WeWork’s 150,000+ members agree that in modern business way more often than not it makes great business sense to do so.

#9. Warby Parker. I write here at WeWork wearing eye glasses purchased online at Warby Parker. And with Warby’s 2017 “direct to consumer” eyeglass sales revenues of $250 million+, I am not alone.  

One Wisdom: The future of selling just about everything will be owned by businesses that provide, as Warby Parker does, truly delightful online customer experiences. 

Whether your business sells a product or service, ask yourself how can your company look and perform better online?

#8. Chobani, which did more than $1.5 billion in revenues last year, mostly in the greek yogurt category, is well-deserving of our admiration for its products, its growth, and uniquely high level of ethnic diversity among its workforce.

As Company founder and CEO Hamdi Ulukaya says "Having different backgrounds and perspectives within Chobani makes us stronger, more innovative, and more successful. We're not telling other companies what to do.  But for us, it's the only way."

One Wisdom:  Leaders of companies like Chobani find meaning as much in the culture of their companies as they do in their products and profits. 

So find your “why” and go for it to the max!   

#7. Lyft. Uber’s lesser known ride-sharing competitor now has car service available to 95 percent of the US population, and is moving fast to overtake Uber both in size and as a leader in the potentially society-changing autonomous driving space.  

One Wisdom: Nothing is forever. Just because, today your business is behind better known and bigger competitors, it doesn’t mean it will be tomorrow. 

#6. Glossier. The startup beauty brand, created as an offshoot of Founder Emily Weiss’ popular blog “Into the Gloss” created, released and marketed seven new products in 2017 (that is more than one every other month!), driving 600% revenue growth and helping the company raise more than $24 million in growth capital.

One Wisdom: In so many market spaces, speed of product development, deployment, and marketing is the key success factor. 

What can you do to speed up how fast your company launches new products and services? 

#5. Darktrace. Cybersecurity firm Darktrace saw its valuation more than double in 2017 (from $400 million to $825 million) as it grew revenues by 80%+. 

Two words are driving all of this growth: Artificial Intelligence (AI), and Darktrace’s ability to utilize it to detect security threats faster and earlier than its bigger and better known competitors (Symantec, Palo Alto Networks, Trend Micro, etc.) 

One Wisdom: Simply and powerfully ask “how is your company using AI to reduce costs and identify both risks and new opportunities?”   

#4. Uber last year suffered justified hits to its brand and reputation as allegations of sexual harassment, customer privacy breaches, and severe leadership dysfunction were prominently broadcasted across the tech and business media.  

In the face of it company founder Travis Kalanick  resigned and a new leadership team at Uber is hard at work both rethinking and rebuilding the company’s culture and reputation.  

One Wisdom: Modern business is fully transparent. Our brands are reflective of our company cultures, and vice versa.   

And business has to be done the right way, or not at all. The good news is that almost everything and anything can be rectified and turned around.  

#3. Casper. The online mattress retailer fundamentally changed its business model in 2017, including both entering into a partnership with retailing giant Target and through introducing multiple new mattress designs and models.  

One Wisdom: Many asked “Why fix what isn’t broken” as Casper saw its revenues grow from zero to over $300 million in 3 short years.  

Because business is always lived forward and what worked yesterday may or may not work tomorrow. Yes, let’s learn from our past successes, but never rest on them! 

#2. Planet Labs The San Francisco-based startup, founded by three NASA engineers in 2010, now has more than 200 tiny (10 x 4 inches) satellites orbiting the world, allowing the company to amazingly photograph the entire Earth every single day! 

Applications range from maps to predicting crop yields to security to transportation to finance.  

One Wisdom: “Wow” technology like Planet Labs’ can either scare us or inspire us. Best to choose to be a “techno-optimist” and look and dream where all of it can make our world a better, safer, and richer place.

#1. MailChimp. Somewhat surprisingly, the 2017 winner of Inc.’s Company of the Year award was email service provider MailChimp, which now boasts more than 16 million customers, with more than 14,000 more signing up every single day, and revenues growing at a rate of over $120 million/year. 

And oh yes, in its 17 year history the company has never raised a dime from outside investors and is still 100% owned by its original founders.  

This in spite of the fact that...everyone hates email!  

We all certainly might, but U.S. businesses spent $2.8 billion on email marketing in 2017, and MailChimp has clearly become the “low cost/high quality” leader in its space 

One Wisdom: MailChimp 11 did not invent email, nor was it the first, the best, the largest, or most well-funded player in the space. But of all of its competitors, it has grown at the steadiest, most consistent, and most cost effective pace.  

And this is the most tried and true formula for business success - just good blocking and tackling everyday and slowly but surely we arrive in our business endzone and beyond! 

Great and easy business wisdoms from these awesome companies.  

Do what and as they do and maybe and hopefully your company will join this high-flying list!

Is Your Company Not Growing as Fast as It Should? 

Not generating the kinds of profits that attract to it business suitors of all types? 

Are you unable to pursue good business opportunities because you just can’t seem to get out of your own way? 

Have a key business initiative you would like fresh ideas on how to get done?

If any of these describe your current situation, then complete this short questionnaire and we’ll reach out with our thoughts to help you.


 

The One Thing Your Business Needs


 

To succeed, a business doesn’t need technical nor finance nor sales nor marketing nor customer support skills and competencies. 

It doesn’t even need a physical location. 

But it does need one thing.  

To illustrate, picture in your mind’s eye what you see when you think about a business.  

For most of us that vision starts with the entrepreneur.

That hard working and
so inspirational individual that stakes their life to start, build, lead a company.

One company.

At
one physical location where he or she manages and works alongside a small team of employees who also work only for that one company.

Now, of course there are elements of this traditional structure that are completely optimal.

First and foremost is the primacy it rightly places on the entrepreneur, and upon their creative force and perseverance as the beating heart of a dynamic and innovative business. 
 

And its simpleness and leanness empowers the kind of highly functional small teams that are the most efficient builders of big and great things. 

But beyond this, when it comes to how a business should be structured and organized, or whether that entrepreneur and his or her team should focus on one, or multiple businesses... 

...anything goes.

Because the ability to “outsource and fractionalize” every and any business work process is now not just not possible, but is a best practice.

Starting with technical processes and projects - like software and app development, web design, IT systems and the like.
 

For the vast majority of businesses it would actually be strange and anachronistic to even attempt these kinds of projects “in-house,” versus via outsourced service providers (either domestic or overseas).

Now from outsourcing technical projects, it is a small jump to outsourcing traditionally in-house functions like finance and sales.

Bookkeeping and accounting have been been outsourced forever, but in the last few years the popularity and effectiveness of outsourced and virtual CFO and finance advisory services like Tatum, SuperCFO, and the Newport Board Group has grown significantly.
 

And the same is true for sales, as proliferating are not just purveyors of "lead generation" and “appointment setting” services, but also companies that will not only identify and set prospect appointments, but close them for us too! 

The same goes for customer service and product fulfillment, and though still idiosyncratic and difficult to do well, for marketing and branding as well.

So if a business doesn't need technical nor finance nor sales nor marketing nor customer support in-house, then what does it need?

Well, it doesn’t need a physical location, which of course can also be outsourced. 
 

In the form of shared fulfillment, or co-working office space, and just via the all-powerful smartphone, which allows us all to work anytime from anywhere, on pretty much everything.

How about a firm’s culture and its strategy?

Of course  there are phenomenal consultants in these domains as well, and “fractionalizing” high-end business functions like these allows them to be completed at a far higher level of sophistication than when done in-house.
 

Ok, well how about organizing and managing all of these outsourcers? 

That has to be done in-house, does it not?  

Not really, as there are business “wedding planners,” individuals and firms that hire themselves out as organizers and managers of all of a firm’s outsourced service providers and partners. 

So yes almost any business function can be outsourced. 

Almost. 

Because there is one extremely important business thing that can’t now nor ever be outsourced. 

That one thing that comes back to why entrepreneurs do and must exist in the first place. 

Motive force. 

Or to say it another way, entrepreneurial will and desire. 

Great entrepreneurs will always be needed to provide this magic element to get the whole engine started. 

And then to channel that will and desire into problem-solving excellence to grow either one business, a handful, or many dozens of them.

Started and grown serially, or increasingly so all at the same time. 

The trick is to not get ourselves so consumed by “the noise” that our motive force gets distracted and dissipated attempting to solve problems that could and should be more easily and cheaply solved by someone else.  

Outsourcing and the fractionalization of work makes this enticingly and excitedly possible. 

But only entrepreneurial motive force makes it real.

Is your business too “traditional?”  

Is it not utilizing the power of outsourcing to increase sales and reduce costs?  

Is it not generating the kinds of profits that attract to it business suitors of all types?

Are you unable to pursue multiple business opportunities at once?  

Have a key business initiative you would like some fresh ideas on how to get done?

If any of these describe your current situation, then complete this short questionnaire and we’ll reach out with our thoughts to help you.


 

How to Add “Championship Caliber” to Your Business


 

Did you catch the end of the Alabama-Georgia College Football Championship game on Monday? 

It was incredible (unless, of course, you’re a Georgia fan). 

The game provided an awesome wisdom for business executives and entrepreneurs seeking to progress their organizations from good to championship caliber.

Alabama, the betting favorite, fell behind early, and then at halftime benched their starting quarterback for 18 year old freshman Tua Tagovailoa, who made himself an Alabama and schoolyard legend by leading his team back to tie the game at the end of regulation play, and then winning it in overtime with a 41 yard touchdown bomb. 

In a sudden instant, unbridled joy broke out on the Alabama sidelines, leaving their famously grizzled and dour 66 year old coach Nick Saban, winner of five previous national championships, to say that “'I've never been happier in my life.”  

The sad flip of these emotions were seen and felt on the Georgia sideline, tears of heartbreak and disappointment to have worked so hard, to have come so close, and to have it slip away at the end. 

And in the game’s topsy turvy and quick ending, and then in the vast contrast of experience between that of the winning and losing team, the four letter word that stuck in my mind was luck.

Because the game was as even could be - with the smallest sum of the breaks and bounces and rotations of the ball separating the two teams. 


And with those breaks, heaped upon Alabama was status, brand enhancement, and yes money...
 

...while upon Georgia for better or worse fell the opposite - some respect for sure for making it so far but for the most part just that quiet disappearance that is the fate of unlucky losers always.

Business is like this too, is it not?

Some companies have talent, work hard, get lucky, and win big (see Amazon, Facebook, Google, et al).
 

So many other companies too have talent and hard-working cultures, but for almost impossible to pinpoint reasons for them that magic ingredient of luck just never gets sprinkled in. 

And those companies don’t win anyway near as big.

This “unfair” reality, just as it will for Georgia fans, has forever flummoxed and frustrated otherwise calm, rational and optimistic entrepreneurs and executives. 

But the paradox of luck is that while of course it greatly influences and determines whether or not a business is a big success, in the end...

...luck doesn’t matter.

Luck doesn't matter because nobody, except perhaps for our mothers, cares whether we have it or not. 
 

Luck doesn't matter because competitive business and society will never balance the “scales of justice” between those whose luck is good and those whose it isn’t. 

And of course luck doesn't matter because there's nothing we can do about it.

It is, by its nature and definition, random and thus out of our hands and power to effect or influence it.
 

So this allows us to focus as businesspeople, just as both the Alabama and Georgia football players and coaches will once they get off their respective highs and lows from their awesome game. 

On the next practice. On the next deal. The next hire. The next new product.  

The next new company. 

And as we do, luck may or may not with us.  

But it's only when we stop in our pursuit of it that we truly lose and fail.

Let's never wish that kind of luck on anyone.

Give Your Business a New Year’s Gift. January is a natural time to take stock and pride in the accomplishments of the past year, while developing a steely resolve to profit from the awesome opportunities that the New Year is sure to bring. 

For the past 19 years, Growthink has helped companies like yours grow more rapidly by creating comprehensive Growth Plans. We catalyzed success for clients including: 

Whether you're looking to raise capital, sell your company, expand current market share or enter new markets, having a solid growth plan and roadmap is indispensable. 

In the spirit of the New Year, we would like to give your business the gift of a complimentary consultation with one of our growth advisors to help you identify your most valuable growth initiatives to pursue in 2018 and beyond. 

To accept, simply click here to arrange a day and time via our online call scheduler. 


 

Do This to Maximize the Value of Your Business in 2018


 

In this recorded webinar, Five Steps to Maximize Your Valuation - I reveal the 5 steps you can take in 2018 to dramatically increase the sale price of your business, and dramatically decrease the time needed to achieve it, including:

  • How to tailor your business value and sale story specifically for the unique conditions of these extremely strong business and financial markets
  • The most likely impact of the recently passed tax reform bill on business value and sellability
  • The 3 Mistakes that most Entrepreneurs and Executives make that effectively render their businesses unsellable
  • The 5 things that all businesses that sell for high valuations have and do
  • A simple formula to determine how much your business is worth right now
  • And much, much more!

Access the webinar recording via this link


 

2 Reasons Why This is the Best Holiday Season Ever


 

This holiday season is the best ever for your business for two simple reasons.

The first is that we currently have awesome economic conditions: a roaring stock market, low unemployment, and solid consumer and business confidence, all of which make right now as good a time as ever to start, grow, finance, and/or sell a business.

The second reason is the calendar, with Christmas and New Years Day falling on Mondays, sets up next week very nicely to both spend quality time with family and friends and have solid work days to...

...do business and reflect, plot and plan for a breakout 2018!

So how should the ambitious and thoughtful executive take best advantage of this happy confluence?

Starting with the bad stuff, liabilities.

There are the obvious ones - financial debts and obligations (both contractual and de facto) to lenders, lessors, employees, contractors, suppliers, vendors, and the like.

These are big and serious commitments and obligations, and in the holiday season especially we should be highly thankful and grateful to all business owners and entrepreneurs that take on and live up to them.

Then there are the kinds of insidious liabilities that don’t show up on a traditional balance sheet.

These are the liabilities of our tired thinking, our waning energy, and of our "legacy" ways, systems, and approaches.

So next week let’s give ourselves the gift of time and space to reflect upon why we have burdened ourselves with onerous psychological and philosophical liabilities like these...

...and the best path forward to shed ourselves of them.

The shedding process will be different for each of us - some of us like to read inspirational business books, or meditate, or exercise, or group brainstorm, or hire an advisor to help us work through it.

Whatever our chosen method, do know that given these hot markets, that the opportunity cost of NOT shedding has never been greater and...

...when done right will open up beautiful space for Asset Building.

Of those ultimate and most important assets, cash and marketable securities.

But to acquire more of these in 2018, first we must build the kinds of “softer” assets that power and fuel our business’ cash-generating engines.  

As reviewed last week, these soft assets include our business and strategic plan, our brand and company culture, and our Innovation Quotient, or our ability to change and grow as market and competitive conditions dictate and demand.

And next week is a GREAT time to work on them all. =

And similar to with liabilities, the actual process by which we choose to do so will differ for each of us, and range from comparative benchmarking, to team brainstorming to the outsourcing of these “builds” to outside service providers.

And with liabilities down and assets up, we are left with that most beautiful piece of our business balance sheet - equity.

Business equity is a measurement of financial accomplishment attained and retained.

And it is a measurement of our business potential and possibility.

Of our potential for greatness, and of the possibility for that greatness to happen far faster and with far less risk than ever imagined before.

So let’s have it all this holiday season - high quality time with family and friends, and high quality work as much on - as in - our business.

Let's do it for ourselves, and for everyone we love and cherish.

Give Your Business a Holiday Gift. The holiday season is a natural time to take stock and pride in the accomplishments of the past year, while developing a steely resolve to profit from the awesome opportunities that the New Year is sure to bring.For the past 18 years, Growthink has helped companies like yours grow more rapidly by creating comprehensive Growth Plans. We catalyzed success for clients including:

  • Arganteal (software deployment automation) secured $611K in growth capital.
  • DNT Express (logistics) secured $2.2M in debt funding for facility expansion.
  • FutureFuel (HRTech+FinTech) successful  $1.6M financing round.
  • Halliburton (NYSE:HAL) acquired our client manufacturing process control company Ometric.
  • MPulse (SaaS), acquired by JDM Technology Group.  
  • NativeAds (digital advertising) closed on a $4M venture financing.
  • Permacity completed the world's largest solar rooftop project and increased revenue by over 35%.
  • PayCertify (fintech), secured $700k in seed funding.
  • ViewQwest launched in Malaysia in Q3 2016 with Indonesia next in line.

What do all of these success stories have in common?

The entrepreneurs and executives running these great companies understood that whether you're looking to raise capital, sell your company, expand current market share or enter new markets, having a solid growth plan and roadmap is indispensable.

So, in the spirit of the holiday season between now and December 31st, we would like to give your business the gift of a complimentary consultation with one of our growth advisors to help you identify your most valuable growth initiatives to pursue in 2018 and beyond.

To accept, simply click here to arrange a day and time via our online call scheduler.


 
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