Perhaps you’ve noticed some of your customers have begun migrating away from your product or service. Is this normal in the course of business? Or is it time to send an SOS? “I think this happens all the time,” said Nile Kirec, a specialist in public relations, strategic marketing and […]
Strategy
20 years after leaving the family business, he’s back — and growing the company
For Atlantic Models, business is a family affair. That’s even more true now that the owners’ son has joined the company. The Miami-based maker of model airplanes, and client of Florida SBDC at FIU, is featured on MSNBC’s Your Business: https://www.msnbc.com/your-business/watch/model-airplanes-preparing-your-exit-plan-1384740419969?fbclid=IwAR30ebSQy1vND3BEclXy-UQ_qBXgTfO2A9m3tIhQeuLWLt9n9E5ACKCTekg
How will your business grow in the future? Understanding that is key.
Paul van Hamond peddled his cold-pressed juices all over the place. A few sales sales here, some sales there, but that strategy wasn’t working so well. Now he focuses his sales mainly on high-end hotels. His Expressed Juice line can be found in Edition East, W Hotel, Four Seasons, Nautilus […]
Stage 7 – Disequilibrium and chaos: Friend or foe?
Stage 7 (161-500 employees) Ever heard the phrase: “You can capture a wild duck, but you can’t make a tame duck wild?” At this stage of growth, with 161 to 500 employees, there’s a strong tendency for a leader to professionalize the company and inadvertently crush the entrepreneurial spirit that […]
Stage 6 – Longer view focus now critical
Stage 6 Company (96-160 employees) Stage 6, with 96 to 160 employees, requires a longer, more strategic focus for the leader and a laser-like focus on your ability to connect to your employees. You can no longer afford to be all things to all people. Your ability to differentiate yourself […]
Stage 5 – Integration: Planning with purpose is key to success
Stage 5 Company (58-95 employees) Planning is a critical aspect of any business’s success. But planning for planning sake will not a company make. You have to be able to identify the key decisions that must be made — and know when to make them. Think in terms of kicking […]
Stage 2 – Follow these rules of the road as you ramp up for growth
Stage 2 Company (11-19 employees) You are stranded on a deserted island and you only have 30 seconds left on your cell phone battery – could your second-in-command back at your office tell you in those 30 seconds how well your company is running? If you had your company focused […]
Stage 1- Non-negotiable rule: Focus on your money makers
One of the biggest challenges of a Stage 1 company (1-10 employees) is getting focused. Not only on what crisis to take on for the day or week, but what product or services they should offer. Getting focused on product offerings requires a business owner to rewire their thinking on […]
Stage 7 – Even if you don’t think it’s broke, shake things up
Stage 7 Company (161-500 employees) What a view. From where you sit, as the CEO of an organization with 161 – 500 employees, you have the right to be proud. Few business owners get to sit back and simply bask in the pleasure of being successful. If you are like […]
Stage 6 – Compete from strength by developing a strategic perspective
Stage 6 Company (96-160 employees) There’s a rhythm now. Patterns of behavior are established. Processes are in place. The morning walk through your company has an air of familiarity that feels good, feels comfortable. Your confidence in your staff is strong. If you’ve captured the imagination of your managers, they […]
