In a guest article, Carri Nicholson, founder of CAN Do Business Solutions Limited and Group Chair of Vistage International (UK) Limited, outlines three factors to transform business growth.
I’ve been closely involved in practical economic development for two and a half decades now, and one of the things that I’ve realised over my years of working with SMEs is that there are three common factors that apply to the majority of successful and sustainable high-growth businesses. These seem to be that the senior decision-maker:
- Invests in their personal leadership and decision-making skills
- Surrounds themselves with like-minded, growth-focused, peers
- Seeks out a supportive business coach or mentor
Our ability to deliver all three of these factors in one package is one of the reasons why Vistage UK is delighted to have been appointed as a Scaleup Solutions Provider in the North East. Each of the six Vistage Chairs in the region knows that if you invest in and support a business leader, corporate growth is a natural by-product, with positive impacts on job creation and therefore the wider local and regional economies.
Founded in 1957, Vistage has a powerful track record of supporting high-integrity business leaders across the globe. We know our systems and processes help deliver outstanding growth for all of our more than 23,000 member businesses. We are the biggest economic development programme that you have never heard of – and we receive not a penny of government funding to deliver it.
There is a tangible and measurable impact that being part of a Vistage group has on business growth. We know from our independent biennial reviews that our members grow their businesses an average of 2.2 times faster than their competitors when times are good, and up to 3.8 times faster when the economy is more challenging or uncertain.
Pretty impressive figures, aren’t they! So what gives our members this competitive edge? Put simply, they have access to a unique mix of world-class learning; support from a group of non-competing but growth focused peers; insightful coaching and mentoring; and a structured way of helping them solving their real-life business challenges.
We help ensure that our members make better decisions, more quickly, for the benefit of their businesses, their families, and their communities.
Our next Regional Leadership Masterclass is on Thursday 4th of October at the Crowne Plaza Newcastle, where over 100 business leaders will learn from the renowned economist and strategist Roger Martin-Fagg how we can stay ahead of the curve and prepare for the impact of Brexit.
If you would like to attend this Masterclass, or find out how implementing the three factors could transform your business, then visit https://vistage.co.uk/event/northeastoct2018 or contact me on 07443 399 088 for an initial discussion.