Emerging from a crisis of this magnitude is anything but business as usual. Entrepreneurs and business leaders who assume and even wish to ‘get back to the way things were’ can face a rude surprise. Life and business have changed; for some a little, for some a lot and few completely.
Some of the challenges and mistakes we have noticed with the Small and Medium business owners and leaders that proved to be very problematic or fatal as follows:
Failing to lead during the crisis and setting the direction for the organization
Lack of adequate communication with their employees and customers to assure confidence
No timely feedback on execution and feedback in the ‘New Normal” of operating the business.
Lack of futuristic thinking – failing to anticipate the future
Unable to leverage employees productively during these challenging times
We also had the opportunity to communicate and speak with several small and medium business owners and their leadership teams. We learned that going back to the basics and evaluating their businesses to understand the “GAPS” really helped them to spend the time productively and make appropriate changes to over the challenges and navigate the crisis.
Based on the feedback, we decided to share some unbelievably valuable EGOS™ – Business stages of growth information for you to baseline your business and make appropriate changes to grow in the “New Normal” of the business environment.
EGOS™ Stages of Growth information is based on the number of employees in your organization.
SMBs undergo growth through 7 stages by the time they reach 500 employees.
Please feel free to schedule a zoom call with our advisor if you need to discuss your unique situation.
Our team of VRT Management Group professionals delivers a distinctive client experience through service offerings tailored to address the unique needs of Small and Medium-sized businesses(SMB).
PS: We always offer one-hour complementary value-add consultations to small and medium-sized businesses.