Growth & Search’s Strategic Growth Health Check /Audit
Registered business members can request Growth & Search’s Strategic Health Check Audit – an audit that reviews and reports on the strategic roadblocks and practice deficiencies that are inhibiting a business’s growth whilst also discovering and highlighting opportunities, solutions and recommended actions to further optimising and improve their future growth.
The audit can be tailored to undertake review a business’s competencies and alignment to each of the seven fundamental strategies and best practices individually or collectively promoted in Growth& Search’s practice framework namely ; Growth Leadership, Strategic Planning, Market Analysis, Marketing Effectiveness, Working Capital Optimisation , Organisational Design and Customer & Employee Experience.
What’s involved?
This health check audit will necessitate the sponsorship and support of a senior executive holding strategic growth responsibility and will entail us having open access to talk to and survey key stakeholders within their business to compile a balanced perspective and collective consensus of where growth best practice shortfalls rest.
We then arrange to meet the business owners or their lead growth contact at their business location to firstly re-validate their growth objectives and attain a broad perspective and context to both their past and current growth history, challenges and intentions ahead.
This will then be followed up by an initial discussion if possible with functional leaders and/or selected employees in marketing, sales, finance , operations and customer service to gain a further operational perspective on the business. ( should take no more than 4 to 6 hrs on-site depending upon the scope of audit )
We then go away, conduct more research ourselves and return in no more than two weeks with a written report of our findings that will denote include our findings and recommendations for improvements, solutions
and related project costs and timelines where appropriate.
What does it cost?
The cost for small and medium-sized businesses is dependent upon the scope and complexity of the health audit requested , which would be confirmed upfront before undertaking same.
Why are we doing this?
In addition to the benefits eluded above, it allows us to demonstrate to the value we can deliver. It allows you to judge whether we would be a good choice as a growth partner moving forward. We bear the majority of the cost and this service comes without any ongoing obligation. We never ask for long contracts or extended notice periods. You are always free to terminate our relationship when it suits you.
Sound Interesting?
Give me a call on 0425703162 or email neil@growthandsearch.com to find out more
Firstly, it is important to have a clear idea of where your business wants to go ( what you want to achieve , what are the short and longer term growth goals – need to be realistic and achievable ) , its desired expectations and outcomes , an analysis and understanding of its strenghts and weaknesses to help to identify areas where the company has potential for growth., and that the seven strategies align, fit and support your overall business plan.
Implementing growth strategies and initiatives in a small businesses can be a daunting task. There are a lot of moving parts, and it’s often difficult to know where to start.
In order to ensure that growth is achieved in a sustainable and meaningful way, it is essential to work through potential roadblocks, identify opportunities, and establish effective communication channels and accountability structures upfront. By taking the time to address these issues early on, businesses can avoid jeopardising their chances of success later down the line. Furthermore, a well-planned approach to growth will help to ensure that the process of change is managed effectively, minimising disruption and maximising the chances of long-term success.
Through our workshop process we seek ;
1) To provide an summary overview of Growth & Search’s value proposition, its practice framework & support services model and associated membership benefits/outcomes.
2) Attain a clear idea of the business’s short and longer term growth goals , its desired expectations and outcomes , an analysis and understanding of its strenghts and weaknesses, to help identify areas where the company has potential for growth , and that the seven strategies align, fit and support the overall business plan.
3) Need to have the right team in place, do you have the skilled employees who can help you implement ypur plans. Do you have the financail resources necessaryb to support your growth
Capture a general understanding and assessment of an organisation’s current growth plans and activities, growth resources, market conditions, potential obstacles and readiness for change.
3) To undertake a preliminary high-level analysis and understanding of your business’s current strengths and weaknesses, opportunities and threats in driving growth and particularly against ‘Growth’s Magnificent Seven’ strategies.
4) To identify key growth stakeholders and functional leaders whom we can contact and survey post-workshop to attain further individual insights to supplement the findings of the workshop.
Once this information has been gathered, we will then develop and present back to the leadership team a report of our findings and recommendations from which the business can then confidently proceed and denote an ACTION plan for their growth initiatives utilising the GM7 application.
This service provides prospective business members with an independent objective assessment and report of where their business growth practices, capabilities and readiness for change are against ‘ Growth’s Magnificent Seven’s growth strategies and best practices, along with short-term priority and quick fixes recommendations to fast-track growth improvement.
That plan should set specific goals and objectives and should identify the resources that will be required to achieve them. Additionally, the plan should establish timelines and benchmarks for measuring progress.
With the plan in place, it is essential to communicate it to all relevant parties, including employees, partners, and customers. Finally, execution should be monitored closely to ensure that goals are being met and necessary adjustments are being made along the way.
It is also important to remember that a growth strategy is not something that can be implemented overnight. It takes time, effort, and patience to see results. Finally, it is essential to have buy-in from all members of the team. Everyone must be on board with the plan in order for it to be successful. By taking these steps, a small business can set itself up for success as it embark on GS7’s growth strategy. Trying to grow too quickly can often lead to problems down the road.
It may take some time and effort upfront, but it will pay off in the long run.
Answering these questions can help you determine whether your business is ready to take on a growth strategy. If you’re not quite ready, that’s okay – there are steps you can take to get prepared. However, if you’re not prepared, attempting to grow your business could do more harm than good.
By investing in commissioning our growth health check audit and support upfront your business will be better positioned to identify and immediately structure a growth action plan to follow that is specifically tailored to your business’s individual capabilities , resources and growth goals and in doing so ensure you can quickly hit the ground running in realising new growth improvements.
Second, you need to have the right team in place. Do you have the skilled employees who can help you implement your plans? Do you have the financial resources necessary to support your growth?For example, there should be clear lines of authority and responsibility so that everyone knows what their role is in achieving the goals of the organization. Additionally, the right people need to be in place. This means hiring individuals who have the skills and experience necessary to help the organization reach its goals.
This allows us to understand their specific needs and how we can best help them to grow. Second, we work closely with them on a regular basis, providing support and advice as needed. Finally, we maintain open communication channels so that they can provide feedback and let us know how we’re doing. By following these steps, we’re able to build strong, lasting relationships with our members that help us to provide them with the best possible experience.
We do that through the process of a joint 1/2 day strategic growth workshop which is designed specifically around assessing your business’s readiness for growth and the setting in place of an appropriate foundation of organisational support from which to successfully set your business up for immediate growth momentum and success deploying the Growth & Search platform solution. Further to this at the conclusion of the workshop Growth & Search will prepare and present a summary report denoting our overall recommendations and a draft action plan prioritising where we consider your organisation can immediately realise opportunities for growth.
For your business to successfully adopt ‘Growth’s Magnificent Seven’ growth strategy there are a number of factors we need to be consider and factored into planning upfront.
Firstly we seek to establish a clear understanding of the business’s existing vision and purpose and ensure the growth strategies are aligned with supporting your overall business plan objectives. This will help to guide decision-making and ensure that everyone is working towards the same goal. Second, it is essential that we identify the leadership with the authority to sponsor the overall growth plan and the operational people with the skills and experience to discover, initiate and execute growth strategies. Finally, it is important to have the necessary resources in place. This includes things like funding, technology, and data. With these three things in mind, we can work with you to set up a strong foundation that will help you successfully implement our growth strategy.
This means taking the time to clearly define roles and responsibilities, establish processes and procedures, and knowing how to effectively utilising our application and support systems.
There are a number of factors that contribute to a company’s ability to execute its growth strategy successfully. These include having the right people in place, having adequate resources, and having realistic expectations. Without these things, it’s very difficult to make a growth strategy work. But with them, it’s much easier to turn a good plan into a great reality.