Growth Strategy & Downsizing Strategies

You know where your business is now and you know where you want it to be in the future, but how do you get there?

Growth can be achieved in any number of ways: winning new customers, exploiting new markets, promoting new products and acquiring new businesses are but a small sample.

Whatever route you chose, the need to plan is of paramount importance. Among the factors to consider are:

• Do you have the capacity to cope with the anticipated growth?
• Do you need to employ more staff?
• Are your current premises adequate to accommodate the growth in business?
• Do you need to acquire additional expertise?
• Do you need to acquire more machinery?
• What effect will the anticipated growth have on the working capital requirements of the business?

When you have established all of the above, and more, the final consideration will be how is all of that going to be funded?

The reverse of growth, downsizing, also needs to be planned meticulously. In this process the reverse of the above factors will need to be considered. To pursue either course without a well thought out plan could end disastrously.

Growth and downsizing are both processes of change and all change in business creates conflict. The conflicts that arise are invariably related to logistics, personnel and economics. We are fully equipped to help you to manage these conflicts and to formulate and implement a strategy for growth or downsizing. We have over thirty years experience in business management and particularly in trouble-shooting difficult situations.