It doesn’t matter if you’re in an accelerating or decelerating phase of the Business Storm Cycle; the transformation is a similar process. What you’ll find on the upper slope when you’re accelerating is that you don’t have the right applications; you have people in the wrong roles, or you don’t have enough people. On the deceleration slope, you’ll find you have redundancies. You probably have double or triple entries. You have too many people on [...]
“But Dave – I don’t want to lay Bob off. He’s been with me since the beginning!” Loyalty is a wonderful thing, but don’t be loyal to a fault. If you have staff members or a team that helped you get where you are, that doesn’t mean you can afford to overlook their inadequacies. Remember, as you revamp processes, you’ll also be creating new roles, and once the initial fear is over, most people love [...]
Why do so many businesses run into trouble during the start-up phase of the business storm cycle? Often, it’s because the start-up tries to run before it can walk. It needs to take the time to make the people-processes-IT triangle equilateral so that it can scale to the Business Storm Cycle as it turns around. It’s like competing in a three-legged race; if any one leg is out of kilter, it throws the whole balance [...]