Everyone is fascinated by start-ups. Their frenetic environment and speed are mesmerising. But, is that really the best business approach for a long-term vision? Is the breakneck speed, the frenetic environment and unpredictability the secret to an agile business?
We don’t think so.
The lack of stability in start-ups is a dangerous problem if you are in it for the long run. Just look at the countless start-ups that rise quickly and then burst into oblivion or bankruptcy.
In the video below I explain what Business Agility is.
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Agility combines the speed of a start-up with the stability of an old brand. It is the best approach for any business that wants to move quickly but remain in the game for decades. Here are 5 signs that your business is agile.
All members of the company, from entry-level to management, work in unison to achieve a common vision. Creativity is encouraged, but it’s not chaotic, it is regulated by that vision – everyone heads in the right direction.
Businesses will always face problems – caused by clients, competitors or a changing industry – but what really matters is how quickly the team and, by consequence, the business can recover from those situations. That’s the true power of resilience.
People in your company feel empowered to act, to voice their suggestions, to contribute to the growth and improvement of the business in one way or another. And most importantly, they have the necessary tools to do that.
Is it easy to get things done in your business? Being quick to mobilise involves quick decision making, quick action and very little bureaucracy hold you back. A business that is quick to mobilise can take a concept to market in a quick fashion with great execution.
Can your business respond effectively and with speed to regulation changes, to a competitor’s attempt to undermine you, to a PR crisis, to anything that comes its way? It doesn’t matter what it is, what really matters is how quickly and effectively you can respond to it by adjusting targets, routes, and learning from failure.
Here is your chance to test how agile your business is. We have a checklist that will measure your business in less than a minute.
Is your Business a Start-up, Trapped, Bureaucratic or Agile?
[button animation=”” animation_delay=”{animation_delay}” animation_iteration=”{animation_iteration}” style=”1″ color=”#ffffff” hover_color=”#ffffff” background_color=”#1e73be” background_hover_color=”#81d742″ icon=”no” icon_upload=”” icon_position=”left” target=”_blank” url=”http://businessbydesign.ontraport.com/f/1/130403/15/53f485157af0cbf464afc9e143bd17a9″ align=”alignnone”]HOW AGILE IS YOUR BUSINESS? – CLICK HERE FOR YOUR FREE AGILE MATRIX[/button]
Sean Martyn