The startup phase is all about testing ideas and getting your business or ministry off the ground. You are the key person and the success of the business or ministry often depends on you and a few employees. But, as you consider where you want to be in the future, how might you position your company for growth?
At the Simmons Strategy Group, we encourage our clients to structure their businesses and organizations to be scalable, sustainable, and socially impactful. But, what do we mean by this?
A business is scalable when it has the systems and structure to grow at an exponential rate. Key components of a scalable business or ministry are:
At infancy, most businesses are not setup to be scalable. But without careful consideration of a growth strategy, the startup can end up being the same size with limited capacity to grow.
Wise business owners recognize the potential for an inflection point and they invest in their people, processes, and infrastructure ahead of time to strengthen the foundation for growth. For founding leaders, it requires a shift in mindset. The job of the business owner or ministry leader changes from running everything to leading, evaluating options, and structuring the business for growth.
If the business owner is unaware of this needed change, they will inhibit growth and the organization will grow stagnant and struggle when the opportunity for growth arises. The aware leader can take note of this growth obstacle and make the appropriate preparations to step their organization up to the next level.
When we refer to sustainability, we use it to describe a business that remains relevant to customers and generates revenues for generations to come. It leaves a legacy that meets customer needs from generation to generation.
A sustainable business has several characteristics
As organizations grow in size and revenue, they also grow in influence and in their ability to tackle issues beyond their core operations. Many sponsor local community initiatives or offer their employees paid opportunities to volunteer. But what does it look like to be a socially impactful organization?
A socially impactful business or ministry often has all or some of the following characteristics:
Many of our clients have a purpose for their business or ministry that goes beyond generating money. They want to provide a useful product or service, express God-given creativity, or generate wealth that takes care of their family and gives them the ability to be generous. We enjoy working with these leaders to shape their strategy and ultimately the future success of their businesses and ministries.
To learn more about becoming a scalable, sustainable, and socially impactful business, contact us or visit our website at SimmonsStrategyGroup.com.
originally published July 5. 2017
by Pearlina Simmons