This weekend there was a great piece in the WSJ by Alexandra Wolfe about Howard Schultz the founder of Starbucks. There were so many great inspirational points on scaling a business, I felt the need to trap them here. I’ve added my take in italics.
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Scaling Thoughts from Howard Schultz
Posted by IanDSmith under StrategyFrom http://www.portfoliopartnership.com 4072 days ago
Scaling a B2B Software Company
Posted by IanDSmith under ManagementFrom http://www.portfoliopartnership.com 4075 days ago
Of course advice on scaling any business is dependent on the stage you have reached. So let’s frame this post in terms of size. I’m going to assume your software business is generating annual sales between $5m and $25m. And you want to scale to $100m.
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Hyper-Growth Initiatives Part 4 Cash Management
Posted by IanDSmith under ManagementFrom http://www.portfoliopartnership.com 4079 days ago
Hyper-growth can really stretch your cash resources. Investments are being made at a very fast pace and lead times open up fast between cash received and cash paid out. At a technical level the accountants call it overtrading. An entrepreneur calls it – when the s hits the fan.
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Hyper-Growth – Initiatives to Consider Part 2 Recruitment
Posted by IanDSmith under Human ResourcesFrom http://www.portfoliopartnership.com 4087 days ago
If you are in a hyper-growth state, growing at 25% to 250% per annum, trying to add dozens of new employees, you are entering a battle for talent. The ability to bring stability to that growth will be largely dependent on the talent you bring in.
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Hyper-Growth – Initiatives to Consider – Part 1 The University
Posted by IanDSmith under ManagementFrom http://www.portfoliopartnership.com 4089 days ago
I came to Boston in October 2001 from London to manage a software business called Teamstudio. In the summer of the following year it would be listed at #91 on the Inc. 500 list, with a 4 year growth of 1888%, that’s 111% per annum! But that was just the start of our problems.
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The New Sales Playbook for Manufacturers – 5 Moves
Posted by IanDSmith under SalesFrom http://www.portfoliopartnership.com 4093 days ago
Last week the WSJ highlighted a fascinating study published by The Boston Consulting Group (BCG). The study claimed that the US would enjoy a significant cost advantage over Japan, Germany and France over the next 10 years. But what about sales?
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Selling – Using Your Voice On a Phone
Posted by IanDSmith under SalesFrom http://www.portfoliopartnership.com 4097 days ago
On Aug 27th the WSJ published a great little article –“Bosses Say Pick Up the Phone”. It highlighted the dangers of our younger generation failing to use the landline phone especially in a sales role. This post highlights the benefits of using that desktop device to sell.
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10 Symptoms of a Business Struggling to Scale
Posted by IanDSmith under ManagementFrom http://www.portfoliopartnership.com 4108 days ago
As the CEO of a business you will suffer some or even most of these symptoms. You could be flat lining on the sales front or aggressively growing but if you notice these symptoms you’re probably not scaling. Eventually we all stop scaling if we don’t do something about it.
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The CEO’s Checklist
Posted by IanDSmith under ManagementFrom http://www.portfoliopartnership.com 4111 days ago
Results are all that matters. A CEO’s tenure, sell by date, runway is highly dependent on results. $1Bn in revenue, pre revenue start up and everything in between, it all comes down to performance. Leadership of any entity can be a lonely place.
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Small Business Marketing – 10 Process Tips
Posted by IanDSmith under MarketingFrom http://www.portfoliopartnership.com 4155 days ago
The vast majority of US enterprises (98%) employ less than 100 people. Specifically for that audience I’ve listed 10 quick tips to help you tell your story better across your marketing and sales teams.
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