I was speaking with a client today who contacted me because he is looking to step outside of the business that he is currently in. Not permanently, but more in an overseeing business growth and development perspective and outside of the day to day operations. So he asked me the question, “What is the first step in order to do this?”
Create a Strategic Removal Plan
The first step any person needs to be making or considering is creating a strategic plan in order to remove him or her from their business model. What does that include you ask? That would mean that you have to take a look at every aspect of the business. The team and who you have currently inside of the team. What you’re going to need in order to move forward. Whether there are new positions that were going to need to hire, adjustments in the people that we have, all that kind of stuff.
You’re going to also have to take a look at the processes that you’re going to have to put in place. What are you currently doing inside of the business from an operational side? What needs to happen in order for you to be able to step into the new space?
You may need to create a duplicatable pattern. This could be in the way that you process invoices, or in the follow-up processes, or in the customer service side, depending on what it is that you take care of in the business. And a lot of us, as entrepreneurs, obviously, take care of a lot of things inside of the business. So how are we creating systems inside of the business so that we can pull ourselves outside of that? To then be able to overlook the business and have that really strategic growth initiative inside the business.
I always believe that a business should be set up to sell. And what that means is that there’s duplicatable patterns in place for that business to be able to one day just pass it off or pass it over.
How are you duplicating that in your business? What are the processes inside of your business that you need in order for it to duplicate? What type of team are you looking for in order to take it to the next level? And it could even be that you are bringing in new product in order for the growth to happen. It could be that you are maneuvering into a different partnership for the growth to happen. All of those are important inside of the development and the business growth strategy.
So if you’re looking to potentially get outside of the business to take a look at that business growth strategy and really have a strategic plan moving forward with the next aspect or growth side of the business, we do free consults. We would love to chat with you to be able to establish that for you in your business and see what’s up.
I hope that you’re having a phenomenal day and moving things forward from a growth side of your business. Chat soon,
Bye for now.