Is your small business a bit stuck after the initial buzz? If so, check out this great article for entrepreneurs from Inc. Magazine on five great ways to grow your startup.
The article is written by Leigh Buchanan, Inc’s current editor-at-large and former editor at Harvard Business Review and Webmaster Magazine. Leigh writes regular business columns for the publication, and has identified 5 key areas that entrepreneurs should consider when trying to jump-start their companies growth.
These include:
- Alignment
- Discipline
- Predictability
- Endurance
- Value creation
Leigh used some very interesting research provided by TrueSpace – a Denver-based consultancy organization that is focused on post-startup entrepreneurs. In partnership with global analytics company Gallup, they created ‘The Five Conditions Assessment’ report, a study combining four years of fieldwork in 150 businesses. These included extensive interviews with CEOs and founders, customers, and even departing employees. TrueSpace offer great advice on how to grow your business and are a real name to follow in the startup world.
Leigh said:
More than 2 million U.S. companies are stuck. Having endured the perils of starting up, they seem likely to survive. But they can’t drag themselves above $10 million in annual revenue, generally considered the floor of the middle market. If just 10 percent did so, they would create 17 million good jobs.
If you’re looking to kickstart your company growth, click the link below to start making informed changes to your business today.
Founder at 100Ninjas.
Bananagram Master. Smoothie Mixologist. Seeker of the cozy. Art lover.