At some stage in the life of their business, every business owner will come to a pivotal point when they realise that future growth will require some form of change. What this change is and how to manage it then become the million dollar questions.
A frustrating aspect for SME owners can often be who to turn to for advice. One option that has proven to be instrumental for hundreds of WA businesses has been the CBS Growth Program.
For over ten years Curtin Business School has been running a Growth Program for Western Australian SME’s. This Program has achieved wide success and has seen businesses from across the State emerge with a fresh perspective towards their business and its future. The Program runs over 12 months and consists of 16 full day workshops attended by business owners once every three weeks.
We spoke with Philip Doyle, Program Manager of the Growth Program, about the success the Program has enjoyed since its inception. Philip outlined that there are two key reasons for the Program’s success: “The first reason for success is having a course that caters to individual needs. Each person has needs, but everyone’s needs are different. So when people come to us they may have common problems, but also some problems that are unique to themselves. Through our process of workshops and mentoring we are able to cater for everyone’s needs. The second reason is that people get a lot of satisfaction and learning from being able to talk openly in a group with like-minded people. At a networking function usually your competitors are there and people don’t talk freely. In our groups they’ve traveled a journey together for a year and they get to know each other. There’s a lot of trust and they share each other’s problems and solve them together.”
The ability for the Program to help businesses achieve real change is a tribute to the people involved. One of the most fascinating observations about the changes undergone by businesses over the course of the program is that the starting point of the process is often with the business owners themselves. “Entrepreneurial people have a natural ability to start a business. They have the gut feeling, the drive and enthusiasm. They also tend to know the technical aspects of their business very well and come with the skills to get the business up and running. But it usually comes to a point at about the million dollar turnover mark where those traits that have enabled them to get the business going, become inhibiting factors. They want to do everything and have an inability to let go and stand back and allow other people to develop into the space where they’ve been.”
Why does this become such a problem for businesses when attempting to grow? Philip explains “the inability to let go is a huge limiting factor for the further development of a business. What we see is people attempting to grow their business on weak foundations. The old definition of insanity is doing the same things over and over again and expecting a different result. So people think ‘this is the way I’ve done it before and the business has grown, so I’ll just keep doing the same thing and doing it harder to grow the business even more’. We find that for growth to occur a fundamental mind shift is required.”
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