Now let's answer some simple questions to evaluate your growth traction. What we want to look at is how successful you have been at driving growth so far and what you have learned along the way. We also want to understand how you're currently measuring your progress.
Write your answers to the questions below in the corresponding blank in the StacDek Growth Assessment PDF.
What is your annual Growth Rate?
Depending on your size and how long you have been around, you might not have a clear answer to this question. If that's the case, then just guess; we only need a ballpark picture of how much growth you are currently experiencing each year.
What is your target growth rate?
In order to achieve your vision in a reasonable time frame, you need to see a certain amount of growth each year. What growth rate are you shooting for? This is a significant number because we will use this as our target for your growth strategy.
What are your Key Performance Indicators?
How do you know if you're on track or off track of your target annual growth rate? What data points or signals do you need to watch to evaluate your growth effectively throughout the year? This could be total sales, revenue, site traffic, conversion timeframe, or quotes written to name a few. If you don't know what the Key Performance indicators are for your business, then take some time to make a list of potential ones.
What have you done in the last few years to drive growth?
Make a quick list of all the strategies you have used to drive growth over the last few years. Which ones worked and which ones didn't? Hopeful you documented your efforts and progress to help inform future efforts. If you haven't been doing anything to generate growth, then say so.
What do you believe is your biggest obstacle to growth?
Do you keep running into the same challenges when you launch a growth effort, or is it different every time? Write down the biggest problems that have come up when you try to stimulate growth. If you aren't sure, then make a quick list of the reasons why your recent growth efforts haven't been successful. It's ok to list whatever comes to mind, even if you think it might not actually be the real reason.
What do you believe is your best growth opportunity?
Are there new partnerships, technology, market trends or new offerings you are excited about? Write down anything that you are excited to try that you think might help your company grow.
Now let's answer some simple questions to evaluate your growth traction. What we want to look at is how successful you have been at driving growth so far and what you have learned along the way. We also want to understand how you're currently measuring your progress.
Write your answers to the questions below in the corresponding blank in the StacDek Growth Assessment PDF.
What is your annual Growth Rate?
Depending on your size and how long you have been around, you might not have a clear answer to this question. If that's the case, then just guess; we only need a ballpark picture of how much growth you are currently experiencing each year.
What is your target growth rate?
In order to achieve your vision in a reasonable time frame, you need to see a certain amount of growth each year. What growth rate are you shooting for? This is a significant number because we will use this as our target for your growth strategy.
What are your Key Performance Indicators?
How do you know if you're on track or off track of your target annual growth rate? What data points or signals do you need to watch to evaluate your growth effectively throughout the year? This could be total sales, revenue, site traffic, conversion timeframe, or quotes written to name a few. If you don't know what the Key Performance indicators are for your business, then take some time to make a list of potential ones.
What have you done in the last few years to drive growth?
Make a quick list of all the strategies you have used to drive growth over the last few years. Which ones worked and which ones didn't? Hopeful you documented your efforts and progress to help inform future efforts. If you haven't been doing anything to generate growth, then say so.
What do you believe is your biggest obstacle to growth?
Do you keep running into the same challenges when you launch a growth effort, or is it different every time? Write down the biggest problems that have come up when you try to stimulate growth. If you aren't sure, then make a quick list of the reasons why your recent growth efforts haven't been successful. It's ok to list whatever comes to mind, even if you think it might not actually be the real reason.
What do you believe is your best growth opportunity?
Are there new partnerships, technology, market trends or new offerings you are excited about? Write down anything that you are excited to try that you think might help your company grow.