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Restarting Your Growth
Has your business or your customer’s business reached a glass ceiling? Is the company moving to a new phase in its business life, such as a mature business phase?
Businesses imitate nature in the sense that they tend to undergo four stages in life: startup, growth, maturity and decline. And while transitions are the most difficult in any organization’s lifespan, these transitions are where the most growth can occur.
As a business grows, it needs to transition from a people-centered to a more process-oriented organization. A charismatic CEO just can’t do it all anymore. And the right people in the right seats on the bus need to feel empowered to make the right decisions.
Establishing Key Performance Indicators (KPIs) can provide valuable insights into the critical pathways of your key processes. KPIs can minimize unexpected disruptions and help CEOs make positive course corrections. Identifying just a dozen critical KPIs with your CFO and sticking to the process can helps business owners sleep better at night.
LGI CFO helps bring vision, fiscal discipline, accountability and empowerment to your firm’s corporate culture. We specialize in all things related to business financial planning and management: financial assessment; cash flow preservation and profit maximization; financing; financial systems and processes; success planning and execution, as well as turnarounds and transferability of the business.If you need help with your business trajectory, take heart that many, many businesses have likely faced the same or similar challenges. Rest assured: we can help you uncover and restart the growth in your business. LGI’s experienced outsourced CFOs have helped hundreds of privately-owned businesses thrive since 1990. We would be honored to help you through the next stages of your organization’s life.
Contact us today learn how LGI CFO can guide you through your next business phase.
And if you have a friend, colleague or customer who may need help with their enterprise, please forward this article to them. We are eager to use our gifts and experience to help CEOs succeed.