How would you describe the last 3 years?
Whatever your answer…
It’s probably not the word “boring”
Because the business landscape is evolving more and more quickly in the 2020s. Blink and you’ve missed out.
So whether you’re looking to grow your business – or scale it to an exit – company owners must be willing to constantly adapt their business models:
> SET UP TO FAIL? Do you have a legacy org structure? Would you know what an effective team structure really looks like to grow your business to the next level?
> TEST NEW INCOME STREAMS. Monetise existing assets or adjacent markets in an iterative way. You can prove a market exists without committing significant resources. Remember, small bets at first.
> PARTNERSHIPS & COLLABS. Who will provide access to new capabilities and ultimately help accelerate your successful exit from the business?
> TECH INFRASTRUCTURE. Now more than ever, are your systems and tools secure and ready for the future? You will be punished for lagging too far behind the curve.
> VALUE PROPOSITION. Review it regularly, not just when things go south. Does it still resonate with target customers? Are there unmet needs you’re missing?
Business owners who focus on adaptability now will be better equipped to ride out the inevitable turmoil in the coming months and years. It definitely won’t be boring…
#UKBusiness #SME #ExitStrategy #MergersAndAcquistions