How to Scale Up: The 4 D’s
1. Drivers: Managers are Coaches.
2. Demands: Leaders balance stakeholders with profitable processes.
3. Discipline: #1 Priority each Quarter and Year
Regular meetings and communication.
4. Decisions: Focus on the biggest issues first.
Growth Problems ‘Growth Paradox’: People, Strategy, Execution, Cashflow
1. Switch from Managing to Coaching.
2. Strong Strategic Vision for Strong Scaling.
3. Company Strengths to Improve Revenue.
4. One Page Strategic Plan (OPSP).
5. Execution Plan – Regular meetings and reviews.
6. Cashflow: Have 3-10x more cash than competitors.
CCC = Cash Conversion Cycle.
How many days does $1 invested come back as turnover?
Reduce CCC by focusing on 4 areas:
- Sales
- Delivery
- Billing and Payments
- Production inventory
Summary:
- Growth is Complex, with the right Tools, companies can scale.
- Track existing processes and examine Cashflow and tweak to improve it.
- Have succinct long term goals, plans & clear vision.
- Have managers that coach, communicate and keep teams accountable to the scale plan.
