In working with leaders of companies where top-line revenue is growing between 20 – 50% per year, there’s often a feeling that “we’re in great shape”. But when you go deeper and look at the low morale, high amounts of stress and drama, mistakes made and poor communication, you can see that companies too often are not prepared to deal with the growth or that maintaining the level of growth is not sustainable.
As a CEO or leader, two critical areas to focus on are your people and your execution. You have to step back and work with your leadership team and ask (then answer) some very important questions:
- Do we have the right people in our organization? (and do I have the right people on my leadership team)?
- Are my managers all “A players?”
- Would I enthusiastically rehire everyone in my organization?
- Are we regularly reviewing every six months our talent and going through an “A, B, C Player” Assessment?
- Are we developing our B players and exiting our C players?
- Do we have a process for finding and hiring the best people we can?
- Do I have everyone on the same page?
- Are we all aligned on the priorities – for the company and individuals?
- Are we focused on the right projects and goals for this quarter?
- Do we have KPI’s in place to measure our results?
- Are all processes inside the business running smoothly without drama?
- Are we having effective meetings and moving communication throughout the organization?
First work with your leadership team to answer these questions. Then dig deep and begin to create plans for overcoming any deficiencies.
Top-line sales growth can be a blessing, but without the right people and flawless execution, you might start thinking that it’s a curse.