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In this chapter, we will consider what is your passionate personal goal for scaling new heights. And that a period of business stagnation is common for most successful businesses. And also that scaling a business requires an engaged team which understands the journey on which they are joining with you. Many clients I meet have established successful businesses. However, in some cases, the businesses have started to stagnate in growth. For a successful entrepreneur who is used to things going more to plan, the stagnation can create frustration.
Successful entrepreneurs are used to regular winds, the winds motivate and excite them. These entrepreneurs have the ability and authority to float and test new ideas.
At some stage, there will come a time for business consolidation and restructuring, how the restructure and the consolidation is executed, will determine how and if the business scales new heights.
Business publications and news feeds are full of helpful advice on the types of questions a successful business owner should be asking themselves.
Before you embark upon another year of doing your best through a business plan and determining your company's why, ask yourself that golden question, spend some time working out what will my business success look like?
Successful small businesses quite often go through a period of stagnation, because they don't have the solid foundations required to withstand earthquakes, and the many changes and challenges that come with scaling new heights.
Key Takeaways:
What will my business success look like?” What do you understand about your own business success?
What are your key drivers?
How long do you give yourself for this project?
What is your process for regular and rigorous review?