There are few scarier words in business than “plateau” which is generally associated with a lack of momentum and slow stagnation of progress.
In this week’s 15 Minutes To Action, Nick provides a short, sharp shock of advice that can make sure that line keeps moving upwards!
- Stagnation and plateauing are not signals that your business is in trouble. They’re completely normal. They generally mean that you need to reinvigorate, which is always a good idea.
- Take another look at the people you’re bringing in to your business. Make sure your hires are technically and emotionally
- Focus on what your strengths have been, and how they’ve gotten you to where you are now. Look at what gave you your ignition in the first place, and see if that proposition needs tuning.
- Look for adjacent markets. Your plateau may have been caused by the fact that you’ve solved your customers’ needs so well, that the problem no longer exists in that specific market. Begin to investigate other markets that may have issues you can address.
‘I like things to be working like clockwork – like a precision instrument’
‘Pit-stopping allows race cars to recalibrate’
’To get to where you’ve got to, your company has strength’
’This is the best way to start pushing boundaries and getting things working’
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ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor.
My background is in growing and scaling VC and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds – with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development – showing up and being the best version of myself … every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations – so they can follow their dreams, live life more on their terms – utilising entrepreneurship as a global force for good.