Building Your Business: The Critical Role of Future-Oriented Work
Are you caught in a never-ending cycle of day-to-day tasks, feeling like you're always putting out fires, and never making the progress you dream of in your business? You're not alone.
Many entrepreneurs and professionals find themselves trapped in the whirlwind of immediate demands, leaving little room for strategic growth. But fear not; there is a solution, and it's called future-oriented work.
In this blog post, we'll delve into the significance of focusing on future-oriented tasks and how it can transform your business.
How confident are you about your business growth over the next three years?
Based on KPMG’s 2022 SMB Business Outlook Survey, 83% of SMB leaders are confident in their company’s growth over the next three years.
KPMG has also identified that the single most significant source of growth over the next three years will come from organic growth (innovation, R&D, investments, new products, and recruitment) ranked at 24%. Other forms of growth cited were Digital and Technology Investments 18%, Strategic Alliances with third parties 18% and Attracting Fresh Capital at 10%.
Organic growth involves evaluating your operational models for efficiencies, enhancements, or other initiatives that will strengthen your company.
This is where the consideration of adding value comes in…
The biggest contributor in creating your valuable business
If you’ve been tuning in for a while, you’ve heard me discuss the many contributing factors to building value in your company.
I’ve touched on attributes like growth potential, differentiation, financial performance, diversification of people, suppliers and employees, but you know what these all boil down to?
The SVO Model of Sustainability and Growth…
How to harvest the value in your business AND leave a thriving business for future generations.
Create a business model that turns your company into a valuable asset.
The definition of an asset: property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Research shows that the number of employer businesses with 1-99 employees accounts for 97% of businesses in Canada (source: GOC: Key Small Business Statistics 2021).
And 67.6% of all employees work for small businesses.
As employers and businesses that often bring innovation and social impact through their products and services, what would it look like if more of these companies survived into the next generation? What if many could sustain and continue to bring their innovation, social impact, and dependable products and services to future generations?
Create YOUR Amazing 2021
Happy New Year!
I hope you were able to enjoy your Holidays and they provided you with what you needed.
As we look to 2021 I feel optimistic and excited for what’s to come.
As I look around to the world I still see turbulence, uncertainty, and many challenges. And I also see beauty, kindness, and innovation - solving and addressing some of those challenges we face.
As I turn inward and think about the impact I want to have and the role I want to play, I think about things like: