Common Business Challenges
Business growth is rarely linear and each phase often brings specific challenges
to overcome
Here are some of the issues you might be facing in your own business right now:
Survival
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You’re spending most of your time trying to win new clients and generating cash flow at the expense of other vital areas of the business.
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You need to refine your core products and services.
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You are missing key business strategies such as Marketing, Sales, People, Finance and so on.
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You are wearing too many hats with not enough time in the day.
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You need to recruit but don’t know if you can afford to or exactly who you need.
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You are struggling to access funding.
Establishment
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You are having to deal with less favourable commercial terms from larger clients as you grow.
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You’re feeling the pain of not having standardised processes and performance metrics in place which is impacting your profit margins.
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Your reporting structure and team roles are not as clearly defined as they need to be as the team grows.
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You require a fresh working capital facility for your next phase of growth.
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You want to be more strategic in your decision making but are not sure how.
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You are experiencing siloed thinking within your departments and are unsure how to build a collaborative business ecosystem.
Take - off​
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You need to innovate and develop your core service offering to keep up with competition and market demands.
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Your team is growing quickly and recruiting the right people at the right time is causing challenges.
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You are experiencing difficulty in maintaining your company culture with multiple managers and / or locations.
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You are missing a strong leadership team with the specific expertise to define and deliver on your growth strategies.
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Your processes and systems need to be scalable and updated.
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You are experiencing leakage in profit and unhappy clients.
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You need further funding to fuel this growth stage.