FINDING GROWTH OPPORTUNITIES FOR YOUR BUSINESS

“Growing your business organically can sometimes happen rapidly, or it could take many years. Regardless of the pace or reason – whether you invest in your business in anticipation of growth, or as the result of it – you should prepare a well-supported plan that enables strategic decision making,” Partner Michael Szirt CPA, CA.

Are you ready to expand, diversify, target new markets, and ultimately enhance profitability of your business? When it comes to business plan growth strategy, it can all be very exciting, but identifying the right priorities to ensure long-term success and sustainability is key.

When you’re ready to grow your business, one of the most valuable assets you can have is an objective and experienced partner who has your best interests at heart. An advisor who knows all the right questions to ask and isn’t afraid to ask them. In a wide array of sectors, we’ve helped businesses navigate issues, evaluate challenges, and identify new opportunities.

To ensure your growth is feasible, solid, and sustainable, our team goes beyond just the numbers. Our experience supporting entrepreneurs validates the fact that growth isn’t as simple as generating additional revenue. It all starts with a strategic, well-thought-out vision. To that effect, we look at your KPIs, assess how they’ll be impacted by your growth objectives, and map out a realistic plan. We address your aspirations, challenges, opportunities, and options, all with an objective lens focused on solutions. We provide insight which will enable you to arrive at your decisions with confidence.

Regardless of your goal, there are important questions you need to consider:

• What’s your ultimate growth objective? A solid business strategy will help you prepare for the optimal way to manage your growth.
• Is your team in place? This is key. Do you have the right talent internally? Perhaps there is a need to bolster your management team (especially if the ultimate goal is to sell or transition out of the business when the time comes).
• Which external partners (vendors, stakeholders, etc.) will help you drive your business?
• What’s your financing plan? Will you rely on traditional lending through banks, or seek out alternative sources through crowdfunding, venture capital, private investors, etc., to fund your growth?
• What’s the ideal pace for your growth? Rapid growth can bring about significant challenges, so whether it’s explosive growth or a more controlled approach, sustainability is paramount.

We may even determine together that growth isn’t necessarily the only answer. Through identifying inefficiencies and redundancies, you may be able to achieve your shorter-term goals in other ways. With so many moving parts involved in growing a business, being able to see the bigger picture and systematically connect all the dots is crucial. We’ve assisted clients in their journeys ‘from cradle to grave’ – and through generations – for decades. We can anticipate and help mitigate roadblocks and help you prepare to seize opportunities when they arise.

Essentially, we bring focus to your business’s growth. Even if our findings may not be what you’re expecting to hear, we’ll always give you our sound rationale behind the advice and deliver it with honesty and compassion. We don’t know any other way. If your goal is to manage and protect the sustainability of your business, you shouldn’t settle for anything less.