Do YOU have a Plan for Growth?

by Richard GourlayBusiness culture, Business mission, competitive advantage, Vision 20/03/201501/09/2025Comments are Disabled

Do you have a plan for GROWTH?

Leadership is most often identified as someone with a clear vision to grow their organisation. Having a plan for growth within your business is often seen as someone on a mission. With a clear vision of where you want to be within your market. By definition, that means looking for and focusing on growth. All leaders must focus on looking for growth and development of their organisation if leadership is going to be seen as successful. But many leaders do not have a plan for growth within their organisation. So do you have a plan for growth?

Do you have a clear vision of where you are going to take your business? From understanding the market and its direction to where your business needs to be within those sectors, to profit from the growth within the market. Leaders need to be strategically aware of their market if they are to find and focus on growth within their organisation.

Leaders must also redesign their organisation so that it can take advantage of growth opportunities, redesigning how a business operates to increase turnover and / or profits is at the heart of ensuring a leadership team has plan for growth. Revitalising the sales and marketing operations is at the heart of acquiring more clients and developing improved relationship structures with customers and channel partners.

With a plan for growth leadership teams can reduce the amount of down time and focus their efforts on driving your business forward, with a clear vision of where you are going and why. Successful businesses develop strategic plans to move their business forward, to grow and succeed, while being in control.

The first role af any owner or director is to have a plan, from star-up onwards (not for the banks) but for you to own and deliver. That plan needs to be kept alive, fresh and driven to focus on success and succeeding.

GROWTH needs a Strategy!

A strategy is a researched approach by the leadership team, supported by a detailed plan of continual action steps to get the organisation to where you want it to be. The reason strategies are so vital is they keep things moving, and in business, if you are not going forward, you’re going backwards, and that can happen very fast. So, if you want your business to be successful and/or pay you more, having a strategy that focuses on growth is a must!

If you have no formal strategy to take your business to the next level you need to refocus your priorities right now to create growth, here’s the first stage of a growth strategy framework:

Create a clear vision of what you want to achieve:

There’s an old saying that you can’t hit a target you can’t see. Well your vision is your target. Your vision needs to be very clear in terms of what you want from your business, by turnover, profit, customer type or all three? What’s your ideal position in that market, do you want to be known as the premier supplier of your product or service, or a low cost or niche player?

What about your personal goals to support your lifestyle? You need to be very clear about what you want and what you don’t want. Have a clear focus that will keep you aligned with your long term goal for you and your business. Make your vision aspirational, where do you want your business to be within the net 3 to 5 years? What will it look like and what will the business feel like to be part of?

Looking for Growth

Starting with a clear vision for growth within a business is the simplest and most powerful way a leader can motivate everyone. Growth is about understanding the drivers of growth within your business sector. Knowing where a market is going requires leaders to step out of the day-to-day operational detail and focusing on the drivers of your market.

Growth is fundamental to a successful company. Finding growth does not mean just looking for growth in turnover, growth in profitability is by far the most valuable growth any leader can find. Growth can also be found in winning new market entrants; cross selling penetration to existing customers; launching innovative products and services or premium pricing of scarce products. Other profitable ways to grow your business include driving demand of premium and unique products, where your business has or can create a competitive advantage.

Like to learn more about creating growth for your business, then get in touch with us through the links below.

Cowden provides Strategic Planning Workshops which enable owners to create their vision of what they want to achieve. Our SPW faciliated workshops provide the opportunity for owners to work on their business not in their business. To learn more about Strategic Planning Workshops (SPW’s) or contact us by clicking Cowden to discuss your needs, or go to our website www.cowdenconsulting.com to learn more about us.

Like to learn how to find growth for your business? Then why not buy the book on how to build your successful business strategy, with the step-by-step guide on how to build your own business strategy, click the book below to buy now.

Learn more click here to read more about Richard Gourlay

Strategy The Leaders Role, by Richard Gourlay

Like to learn how to build your own strategy: then get the book with step-by-step guild to build your own business strategy, click the link below.

Values matter in BUSINESS more than ever

by Richard GourlayBusiness culture, Business Identity, Business mission, Business Values, competitive advantage, Dumfries and Galloway, Marketing, Strategy, Vision 13/04/201401/09/2025Comments are Disabled

Values in Business must be transparent

Business leaders face many challenges, some immediate and others which are not so obvious but can be far more dramatic to business success. In today’s business world the way you provide your product or service and to whom, says more about you than how much business you do. How you do your business now determines your current credibility and future success. Credibility is as much about your values in becoming successful as about the success you have. Values in BUSINESS must be transparent and lived by everyone inside the organisation.

For longterm success your values as an organisation as demonstrated by everyone inside your organisation matter to both existing, and potential customers, in choosing to do future business with your ad your brand. People have choices and they can now exercise them more freely than ever before, that means customers can access information instantly and make choices that are more informed. Examples such as Ikea’s staff misinforming undercover Times reporters about their sustainable and certified sourced products at a number of shops are one symptom of Ikea’s rapid growth and its underlying boardroom culture, allowing the core values to erode and trust in its reputation suffer. The damage to brand reputation from such as activities such as “greenwashing” create longterm brand damage as brands jump on popularity wagons.

Values Must Live in the Moment

Almost everything in life is in today’s world is in real-time and instantly communicated to circles of ever increasing influence and far beyond. A restaurant having bad night can have a poor reputation before the starter has even been cleared away, as customers post live feed back to sites such as Qype or Trip Advisor. Therefore, before the waiter, maitre d’ or chef knows what’s happening the world outside, potential customers already do, through instant social media channels such as Twitter and Facebook, and are cancelling their reservations in droves. Live experiences matter when they happen not in the apology afterwards.

Leadership teams must ensure that their business values are being lived ever day in what is called real time. The real experiences customers face every moment are the living touch points of a brand experience. Asking employees to make decisions and to own the decisions they make is vital for brand to live in the moment, but they have to be supported by the leadership team and not criticised for making the calls they make. If the call they make is in the best intentions to support the customer but is outside the experience you wanted to give the customer then that is not the employees fault it is leadership teams in designing the experience.

Why clean lavatories matter?

The old adage that if you want to know how clean the restaurant kitchen is, inspect the lavatories! This is because they tell you how the restaurant values cleanliness, is a great example of modern customer awareness of living values. Do you live your values or just post them on your website? Is the question customers want to know in establishing and experiencing trust with you, and your brand.

Seeing under the skin of a brand, or behind the marketing facade a brand promotes is now easy due to transparency in legislation, global media sources and a digital world. There are few places to hide as a brand in what and how they undertake their operations. From sweat shop labour, to brown paper envelopes down to paying influencers there are no places to hide, that’s why clean lavatories matter to customers.

Rail companies learning fast

A recent story of the man on the train talking too loudly causing enraged customers to Tweet complaints about his behaviour which was picked up by a duty manager hundreds of miles away who then contacted train’s conductor to track down the loud caller and asked him to quieted down.

This story is very much testimony to the growing demands of customer expectations, immediate online response, not waiting for passing train staff to react. This story is part of the reputation shift that train companies are actively pursuing to listen and understand customer’s real needs and expectations.

Values in Business must be owned and lived from the top.

The values that a business lives really matter to customers and to the brand reputation. Values are not bland statements in brochures, websites or company walls, but living attributes in how people behave (even when no-one is looking). Values start at the top, and must be owned, lived and driven by the leadership of an organisation. It is no-one else’s responsibility but the leadership’s to ensure they establish, spread and re-enforce those values throughout their people.

Learn more about strategy and how to build yours in your business, click here or on the book below.

Strategy: The Leader’s Role by Richard Gourlay

What Makes a Great Brand?

by Richard GourlayBusiness culture, Business Identity, Marketing 11/04/201401/09/2025Comments are Disabled

A Great Brand is not about marketing

Despite what marketing people passionately believe most people don’t think about brands, they just get on with their lives. The coffee they buy, the supermarket they go to and petrol station they visit happen almost by accident. In Britain today we are too busy to think through these everyday inconsequential purchases, focused on saving time, not forgetting something or rushing from place to place on a tight deadline. So what makes great brand? Lets see.

Customer Choice

Let’s start with the basics, the customer has choices, endless choices if they choose to use them. But, in many everyday cases as in my examples above, the consumer sacrifices those choices for simple expedience. The inability to see (or value) brand differentiation, between Starbucks and Costa, between Tesco and Morrisons, between BP and Shell, and yet they each fight for space in consumers minds through tiny differences which if we stop and think about do actually exist and we the consumer do actively value.

Despite what marketing people passionately believe most people don’t think about brands, they just get on with their lives. The coffee they buy, the supermarket they go to and petrol station they visit happen almost by accident. In life today we are too busy to think through these everyday inconsequential purchases, focused on saving time, not forgetting something or rushing from place to place on a tight deadline. So do brands matter and if so why and how?

Brand Perception is Everything

Consumer choice is therefore the perception of the brand we hold at the time of making that purchasing choice. It is the conscious decision consumers make based upon how they feel about the brand at the time they choose to consume that product or service. So a brand needs to be more than just an image, more than just a recognisable label and more than just a mission statement. What makes a great brand is the sustained feelings which it provides its customers. That brand presence, the perception in someone’s mind is an accumulation of all the marketing elements which are planned into the deliver of that product and service to the customer. Often just called the extended marketing mix (the 7P’s) which define the areas of proactive marketing which integrate together and support any brand from Poundland to Rolls Royce.

A brand through is also more than cold marketing elements pulled together, it is also the feeling and values which underpin any brand. A brand invests its existence through it products/services. That R&D element often defines the brand and its position. A brand that does little to know investment in its R&D is often what is called a label, a company that sites within a market sector (player) but does not drive the growth of that market. This key element of a brand creates and sustains a brands culture. Its culture and ethos coupled, codified and defined by its leadership are essential elements in creating and sustaining any brand. When you are thinking about a brand, it’s not just the branding, it is so much more and it must all start with the customer.

Read on in part 2

Taking strategic action to improve your business startup success

Where Does Tomorrow’s Business Growth Come From?

by Richard GourlayBusiness culture, Business Identity, Business mission, Business Values, competitive advantage, Innovation, Marketing, Strategy, Vision 10/04/201401/09/2025Comments are Disabled

Business growth is not an accident. Why some businesses succeed and others do not is not by chance. Business growth requires leadership to plan out where they are going within there market. All markets change through both evolution and revolution (think of those disruptive players in any market and the impact they have). This slideshow explains why it is important for leadership to use business planning tools to effectively plan their growth. So where does tomorrow’s business growth come from?

Tomorrow’s Business Growth

In every market there is always new opportunities always arising. Markets do not go up (or down) equally. Some segments and individual customers grow faster than others due to their strategic or tactical successes. Knowing where external and or internal market factors are influencing or driving segments within any market is the vital strategic insight which leadership teams need to understand. Even markets declining do not do so at equal rates. Change happens in every market so knowing where to look for positive changes within any market is a key skill for leaders to learn.

Growth and development of every market happens at different rates, in different parts of markets around the world. Looking out and at tomorrow is a vital element for leaders to undertake as part of their role.

Leadership is About Looking for Growth

Being successful in business is all about seeing the bigger picture and understanding future growth. For a business to grow and develop, the leadership team must invest time building it. That requires the leadership to step back from the day-to-day operations of the business and focus on working on the business. Like to learn more, click the slide presentation below to learn successful leaders work on their business to find growth.

If leaders aren’t looking for growth and the development of their business within the market then they need to develop these skills for success. The slideshow below will show you more or get in touch with Cowden today to discuss your business needs today, click here.

Where does tomorrow’s growth come from by Richard Gourlay Leadership must think strategically if it is to be successful in growing its business. If you want to develop your strategic thinking then why not start by reading my step-by-step guide on how to think strategically.