14 - Building a Nimble Company
How do you build a company that is adaptable to the market but isn’t blown by the winds of change?
Small business owners have a competitive edge when they can make wise, strategic decisions and move quickly to implement change. Periods of transition provide challenges and opportunities. Managed effectively, change becomes a productive force for growth.
There are several critical pieces to creating an agile company:
- Understand and manage your cash cycle, implementing a savings plan
- Develop healthy boundaries regarding your services
- Know your ideal client or ideal project
- Cross-train your staff and prepare them to handle changes
Preparing your company to be nimble is just good business. Large companies often struggle with bureaucracy and chain-of-command. As a small company, you can take advantage of opportunities quickly and decisively.
The Block Group advocates for women-owned businesses, helping them position their companies for strategic growth.
Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business.
Applying this holistic approach to business, The Block Group guides organizations through the business cycle, revitalizing management and promoting growth. We bring together the people, resources and ideas that build results.
All the best!
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Building Solid Companies That Move Forward