wednesdays 12to1: INEFFECTIVE LEADERSHIP
March 6 @ 12:00 pm - 1:00 pmFree
Executives’ Club Members only + invited guests.
Small business owners are not necessarily the problem. Their hard work turning a business idea into a functioning company may have been spot on. But then, three years go by and the company is struggling. Or it’s growing exponentially. Either way, entrepreneurs realize they can no longer do it all.
“They may have been doing a good job when they started in a particular position, but they quickly get in over their head when something goes wrong,” Interim Executive John Collard, “They don’t know how to deal with a troubled or a turnaround situation.”
Similarly, when a company is trying to move to the next level of growth, it demands a different skill set.
“In certain stages of a company’s size, one set of skills and experiences may be perfectly adequate,” such as scaling to $50 million, says growth expert Charlie Shalvoy. “But then to go from $50 to $200 million requires a much different set of skills, and from $200 million to $1 billion another again. Some people are able to add to their skill set and grow with the company through different stages. Some cannot.”
Other business decisions that might require new skills include developing an international marketing strategy, M&A activities, and developing new products to serve new potential customers.
How to fix this: we will discuss