New phase, new company

[rabia198]

Whatever stage your company is in, you will need to adapt your management model to suit the reality of the organization. In many cases, this change occurs organically and neither the entrepreneur nor the employees notice a sudden interruption of the old model and the beginning of the new.

In other cases, however, the change can be planned and have a pre-defined time to occur. These are the cases of restructuring business processes, implementing new zealand phone numbers management systems, total quality, expanding production capacity, hiring new employees with a view to professionalizing management, etc.

But when unforeseen business opportunities arise, they must be taken advantage of and this will even mean rethinking the company as a whole.

This is the case of winning major competitions, acquiring important clients, closing major contracts, buying a company, creating a business unit, etc., which will change (or should change) the structure and size of your company overnight. As an entrepreneur, you must be prepared for these moments, whether planned or not, and build a new business model that will continue to drive your business to growth.

There is no ready-made recipe for this, but planning must foresee the amount of resources that will be allocated, the people who will be reallocated to new roles, new hires and possible discontinuities, such as cost cutting in areas that are no longer a priority, dismissal of staff, among others.

That's why entrepreneurs need to have a professional management team at their side, who know how to plan and execute, so that they can put their business strategy into practice.

Successful entrepreneurs know this and always rely on trustworthy managers, who don't appear as much in reports and success case studies, but are essential to making things happen.

In short, even if the company is in a new phase, people will continue to be the most important asset of the business and the entrepreneur leading a company that has already gone through the initial phases of growth must use his experience as a leader to take the business to a new, even higher level.

This text was written based on the book “Be your own boss”.