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Research shows that only 4% businesses scale-up successfully. The rest either survive or perish.
Why is it so? Why the success percentage is in lower single digits?
The reasons are many. The good news though, is that we have vast potential to improve that number!
The Top 5 reasons cited, why businesses don't scale-up successfully, are as follows:
1. Lack of focus - Lack of clear positioning, lack of alignment of internal resources to business purpose / goals
2. Not being dynamic enough – being too fixed, rigid; not being open, flexible, agile
3. Lack of preparation - on multiple areas, functions, on enablements needed
4. Fear-based approach - lack of growth-based thinking; dis-empowering, self-defeating beliefs and thought processes
5. Execution blues - lacking excellence in execution
Scale-up is a possibility for every business. It’s about doing what only 4% business owners and leaders do successfully. It’s about executing a winning strategy!
Do we have a winning strategy? Are we executing it well?
My name is PK Narayanan, wishing you the best!
Thank you
By PK NarayananResearch shows that only 4% businesses scale-up successfully. The rest either survive or perish.
Why is it so? Why the success percentage is in lower single digits?
The reasons are many. The good news though, is that we have vast potential to improve that number!
The Top 5 reasons cited, why businesses don't scale-up successfully, are as follows:
1. Lack of focus - Lack of clear positioning, lack of alignment of internal resources to business purpose / goals
2. Not being dynamic enough – being too fixed, rigid; not being open, flexible, agile
3. Lack of preparation - on multiple areas, functions, on enablements needed
4. Fear-based approach - lack of growth-based thinking; dis-empowering, self-defeating beliefs and thought processes
5. Execution blues - lacking excellence in execution
Scale-up is a possibility for every business. It’s about doing what only 4% business owners and leaders do successfully. It’s about executing a winning strategy!
Do we have a winning strategy? Are we executing it well?
My name is PK Narayanan, wishing you the best!
Thank you