Monday 25th February 2013

10 Rules to Make your Growth Strategy Happen by Peter Switzer

  • Growth Strategy

Rule 1: Make Yourself a Leader

When you own and/or run a business you are a leader. The strongest lessons you will teach your staff are by example.

Rule 2: Plan, Plan, Plan

To grow a business, you need to have some way of seeing its future success. This means you must have a business plan. You need to put your growth plans on paper to test their viability.

Rule 3: Be One Step Ahead

To get an edge on your rivals, you must pursue training, consult experts and research what winners on the cutting edge are up to.

Rule 4: Systemise Your Business

Implement best practice and quality control methods and systemise your business. Systems also give certainty to your staff. It makes them more accountable.

Rule 5: Have a Sophisticated Financial Control System

Rule 6: Tax Strategies

The bigger your business grows the more you will need to have a sound taxation strategy. Sensible tax planning means setting aside time to work through these issues with your accountant and/or financial controller.

Rule 7: Develop Your Online Capacity

Rule 8: Train Your Human Resources

Rule 9: Control The Risks

Have a risk management strategy for both yourself and the business.

Rule 10: Market Yourself

You must market your business and this requires having a sound marketing plan to accompany your business plan.

Please visit our website and "Business Acceleration" Services for more information on any of these topics or contact our office on 9388 2532 or info@tacticapartners.com.au.

Excerpt from article in Tax Practice magazine by Peter Switzer.

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