Methods Archives - Elevation Leaders https://www.elevationleaders.com/filter/methods/ Strategize and Elevate Mon, 05 Dec 2022 06:38:36 +0000 en hourly 1 https://wordpress.org/?v=6.9.4 https://www.elevationleaders.com/wp-content/uploads/2022/11/favicon-150x150.png Methods Archives - Elevation Leaders https://www.elevationleaders.com/filter/methods/ 32 32 Who participates in the Scaling Up process? Just the partners or the entire company? https://www.elevationleaders.com/faq/who-participates-in-the-scaling-up-process-just-the-partners-or-the-entire-company/ Fri, 02 Dec 2022 12:36:29 +0000 https://www.elevationleaders.com/?post_type=faq&p=1497 The Scaling Up Process is incredibly collaborative and inclusive. We highly recommend building a strategic team at the top. We want to surround the partners with the right people to achieve our goals together. One good way to think about this is in terms of company functions. Are all of the functions well represented in […]

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]]> The Scaling Up Process is incredibly collaborative and inclusive. We highly recommend building a strategic team at the top. We want to surround the partners with the right people to achieve our goals together. One good way to think about this is in terms of company functions. Are all of the functions well represented in the strategic team: Sales + Marketing + Operations + HR + IT + Technology + Finance + R&D + Customer Service, etc. Another important consideration is having “strategic” individuals around the table. It will be challenging if the team has too many “tactical” team members. This process does require the ability to think strategically about the entire business.Eventually we will also integrate the next layer of management, and all other team members into the process.

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]]> Is it possible to grow profitably? I have heard this is very rare… https://www.elevationleaders.com/faq/is-it-possible-to-grow-profitably-i-have-heard-this-is-very-rare/ Fri, 02 Dec 2022 12:36:12 +0000 https://www.elevationleaders.com/?post_type=faq&p=1496 Every business is unique in their goals and objectives. However, we believe the one constant that should be present in every single “private” business is Profitable Growth. There is incredible risk when growing quickly. The faster the growth, the more chances profits will be negatively affected, putting the entire business at risk. These decisions will […]

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]]> Every business is unique in their goals and objectives. However, we believe the one constant that should be present in every single “private” business is Profitable Growth. There is incredible risk when growing quickly. The faster the growth, the more chances profits will be negatively affected, putting the entire business at risk. These decisions will be made upfront, in our first 2 days of Strategic Planning. We will decide as a group exactly what you want to achieve and how. This will lead to important discussions around the ability to stay profitable while attaining objectives. The role of the coach is to challenge the plan if it is unrealistic or will put the business at risk. Eveeyrs ingle business we work with (without exception) tries to take on too much. It is human nature in a capitalist society. We overestimate how much we can accomplish in the short term, and underestimate what we can achieve in the long term. It is as important to say “NO” to certain initiatives as it is to take on lofty goals. Your business coach will help you figure out the right balance. It is a learning process and will take time. But it will bring tremendous focus and alignment.

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]]> How does a company know whether they are ready to work with a coach or if they should champion the process internally? https://www.elevationleaders.com/faq/how-does-a-company-know-whether-they-are-ready-to-work-with-a-coach-or-if-they-should-champion-the-process-internally/ Fri, 02 Dec 2022 12:35:26 +0000 https://www.elevationleaders.com/?post_type=faq&p=1494 Some companies try to champion a business methodology themselves, specifically in the early stages. Due to the important investment in bringing in a business coach, smaller businesses will try to self-implement and typically are able to get things off the ground to start. We normally see a lack of ability to sustain the momentum as […]

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]]> Some companies try to champion a business methodology themselves, specifically in the early stages. Due to the important investment in bringing in a business coach, smaller businesses will try to self-implement and typically are able to get things off the ground to start. We normally see a lack of ability to sustain the momentum as “business” gets in the way and internal resources are stretched thin. If you are a smaller business, we would definitely recommend reading Scaling up and Traction, and giving it a try to start. As your resources increase (people and money), investing in a strong external coach will make a big impact. As business owners, we are in the daily grind and struggle to take a step back objectively. This was certainly the case for me in my business. This is the reason we hired a coach after we surpassed the 5M revenue threshold. It was one of the best decisions we ever made. The right business coach – one who truly fits your values and understands your industry – will bring an external perspective and significant experience sharing that will be transformative.

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]]> How does a company know when they’re ready to scale? https://www.elevationleaders.com/faq/how-does-a-company-know-when-theyre-ready-to-scale/ Fri, 02 Dec 2022 12:35:11 +0000 https://www.elevationleaders.com/?post_type=faq&p=1493 There are multiple ways you will know you are ready to scale. Here are some real world examples. You have hit a wall with your team, understanding some of the team members are no longer cutting it. There is a major lack of alignment, with silos being created throughout the organization. There is no common […]

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]]> There are multiple ways you will know you are ready to scale. Here are some real world examples. You have hit a wall with your team, understanding some of the team members are no longer cutting it. There is a major lack of alignment, with silos being created throughout the organization. There is no common vision for the team to rally around. People are working on multiple projects with little to no results. Does that sound familiar? Another example is having a solid product vision, some good customers and being ready to take a big leap. You want some external help and structure to make this happen. Or perhaps you have a lifestyle business that is ready to become a serious player. You want a growth methodology you can implement with the team. These are all ways you will know you are ready to scale.

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]]> Is there anything between being a startup and scaling up? Because I want to scale up but I don’t feel like I’m ready. I’m still working a lot in the business. https://www.elevationleaders.com/faq/is-there-anything-between-being-a-startup-and-scaling-up-because-i-want-to-scale-up-but-i-dont-feel-like-im-ready-im-still-working-a-lot-in-the-business/ Fri, 02 Dec 2022 12:34:55 +0000 https://www.elevationleaders.com/?post_type=faq&p=1491 It will be challenging to launch the Scaling Up process if you are at the very beginning of the startup stage. That being said, there are different types of startups. You may be funded or have investors, already putting a strong team in place. That is the number one criteria to start a strategic planning […]

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]]> It will be challenging to launch the Scaling Up process if you are at the very beginning of the startup stage. That being said, there are different types of startups. You may be funded or have investors, already putting a strong team in place. That is the number one criteria to start a strategic planning process. Having a small strategic team that can build the vision and take on some of the key responsibilities needed to make it successful.

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]]> Is my business too big / too small for your framework? https://www.elevationleaders.com/faq/is-my-business-too-big-too-small-for-your-framework/ Fri, 02 Dec 2022 12:34:40 +0000 https://www.elevationleaders.com/?post_type=faq&p=1490 This is a very important question. We recommend Scaling uP for businesses between 3M and 100M. That being said, there are exceptions on both ends of the spectrum. If you are smaller than 3M, but have a few key members in place, an ambitious vision and thirst to scale, we could definitely launch the scaling […]

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]]> This is a very important question. We recommend Scaling uP for businesses between 3M and 100M. That being said, there are exceptions on both ends of the spectrum. If you are smaller than 3M, but have a few key members in place, an ambitious vision and thirst to scale, we could definitely launch the scaling Up process. The biggest challenge is for “Solopreneurs” who are doing everything at the top. It becomes almost impossible to run the process when you are alone.

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