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27 Key Challenges Currently Facing Growth Companies

As an experienced business owner, I know how hard it is to actually identify critical challenges by name. Our 27 Challenges exercise helps you put a ‘name to a problem’ and if we can put a name to a problem, we can solve it! Go ahead and take our 27 Challenges exercise. Print out our list of 27 Challenges, then prioritize them.

Read through this list of challenges and circle your TOP FIVE as you experience them today.

From the challenges you circled below, list them in order of priority:

(print the page or jot the 5 challenges on a sheet of scratch paper)

 

  1. ___________________

  2. ___________________

  3. ___________________

  4. ___________________

  5. ___________________

 

 

  1. Profits are inadequate to grow the company

  2. Need for an improved business/profit design

  3. Customers are migrating away from your product/services

  4. Continual cash flow challenges

  5. Limited capital to grow

  6. Employee turnover

  7. Hiring quality staff

  8. Staff morale and voltage challenges

  9. Need for a flexible planning model

  10. Need to have better staff buy-in

  11. Project management & resource coordination challenges

  12. Leadership/staff communication gap

  13. New staff orientation

  14. Staff training

  15. Unclear values throughout the organization

  16. Dealing with the cost of lost expertise or knowledge when employees leave

  17. Chaotic periods destabilize the company

  18. Organization needs to understand how the company will grow in the future

  19. Organization needs to understand the impact that staff satisfaction has on the company’s profitability

  20. Company culture is generally resistant to change

  21. The marketplace and your customers change too quickly

  22. Difficulty forecasting problem areas before they surface

  23. Difficulty diagnosing the real problems or obstacles to growth

  24. Too slow getting new products/services to market

  25. Not able to quickly get systems and procedures in place as the company is growing

  26. Weak product/service development & differentiation in the market

  27. Challenge expanding sales

 

 When you are done return to 
http://www.daleygroup.com/stages-of-growth-chart 
and see how your challenges line up with your current stage of growth.  Then call us to discuss your to three challenges and possible solutions.