What Stage in The Life Cycle is Your Business?
Businesses go through various Life Cycle stages that reflect what you, the owner, want out of the business. Is your business starting up? Or, are you wanting to grow it? Maybe you want to slow down a bit and benefit from the lifestyle that your business can give you. Perhaps you are moving towards exiting the business.
GamePlans Can Assist You With Issues
Once you have identified the stage your business is at now, it is time to work out where you want to be in the future. We suggest a 3 year GamePlan for that. Then shorter GamePlans (financial quarters) help you get your business to your chosen Destination.
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Learn to use the 12Faces Diagnostic Process to best advantage, click More Info.
Choices For Business Life Cycle Related GamePlans
Start-up is a very traumatic part of the business life cycle with steep learning curves and plenty of mishaps; just like it is for children. Up to 50% of start-ups fail in their first year!
Because this phase is so complex, a specialised body of knowledge, often referred to as “Lean Start-ups“, has grown up. We offer selected resources on the link above and also recommend “Lean Start-up” methodology.
The big challenge for a business, that has chosen to grow, is to keep all the 12Faces of their business in harmonious balance.
Above is a link to the starting point for our Diagnostics System which allows you to drill down on whatever topic is on your mind.
Our GamePlan approach – and several of the predefined GamePlans – will be of use. See the list elsewhere on this page. GamePlans and Diagnostics work together with our Tools listed in a separate page off the top site menu.
At some point, you will decide that you are over the constant stresses of growing; at least for now. Your 3 year GamePlan might be to get your business to a place where it runs without such an investment of time and energy. This will give you more time to enjoy other aspects of your life.
Typically, you will focus on the optimisation and staff management aspects of your business in the 12Faces Diagnostic System. This will enable staff to implement with less input from you.
At some point in time your thoughts will turn to selling your business or passing it to the next generation. It typically takes up to 3 years to position a business for exit and this fits nicely as a 3 Year Exit GamePlan.
Always keep in mind that an exit may be thrust upon you at any time. It might be a health or family crisis or it might be that someone makes you an offer “too good to refuse”. Keeping your business always lightly tuned for exit will help get you the best result no matter when the need arises!
This bundle of resources helps to rapidly improve a business experiencing financial hardship.
You save time by working through possible options, executing those that can improve the situation and skipping or postponing those less useful in your particular case.
How to use our Diagnostics
Click on relevant links above to drill down and find possible solutions to your current issue.
Know of other Diagnoses and Solutions?
Please let us know of other possibilities by emailing us with an outline. We will update our resources so you will be helping those who follow you.
Find business problem solutions with other Diagnostic Tools
The reasons behind the problems concerning you may not be clear cut. This Tool helps to narrow down the underlying reason for your problem and sets you on the path to solutions.
Investigate Sales, Marketing, Pricing, Customer Retention, Product Range, Distribution Systems symptoms and then eliminate inefficiencies to increase Revenue
Reduce Cost of Goods Sold, Production Costs and Operating Costs by improving productivity as discovered by Henry Ford and later improved by Toyota.
Overhead Costs or Fixed Costs like rent, permanent labour and other costs that do not fluctuate with your day-to-day production levels directly impact on your Operating Profit
Finance, accounting, IT and legals are information systems a business needs. Find solutions to common issues here.
Managing staff and your own productivity are critical issues because people make your business work. Learn more on problem resolution
Planning need not be complex. We show simple solutions with proven effectiveness. Along the way, we introduce some decision making tools to simplify hard decisions.
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