Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
47°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Sunday, August 24, 2003

Think big to spur big growth



By Rhonda Abrams
Gannett News Service

In my company, this is the time of year we do our annual planning. While January is the beginning of the calendar year, it often seems natural to sit down at the end of summer to get a good fix on the year ahead. In this year's planning session, I'm going to challenge myself and my staff to do a little radical thinking.

Here's what I mean by radical thinking:

In most systems, including businesses, national economies, even human beings, there are two kinds of growth:

• Incremental growth - progressive, steady growth that occurs in small increments, building on the existing foundation.

• Radical growth - dramatic, extraordinary growth that occurs in spurts, significantly transforming the existing system.

I'm not a big believer in radical growth for small businesses. It's too disruptive and too expensive. And for many entrepreneurs, an ideal goal is to have a steady, comfortable income. Let me say clearly: I support that goal!

That's why small businesses should primarily plan for, and rely on, incremental growth.

But if you want to grow your company to a whole new level - if your exit plan is to have your company be sold, acquired, or go public - then you need to spend some time thinking about your business in a whole new way.

That's where we are with my company. So this year, in our planning session, I'm going to challenge myself and my employees to imagine what it would take to reach a much higher level.

We're going to have a brainstorm session that I'm calling "The Big Leap." After we do the initial part of our planning session - reviewing the goals we set last year and assessing our progress - I'm setting aside two hours to generate ideas to answer the question:

"What would it take to reach X dollars in sales (a substantial increase) in three years?"

The basic rules of this brainstorming session are these:

• We cannot change our fundamental mission statement, our core competencies: That's the business we know.

• We can change just about anything else.

• We don't think about how realistic it is - yet.

Next, we ask ourselves:

"What does that level of sales mean in terms of generating income? In particular, what would we have to create in the way of:

• New products?

• New distribution channels?

• New pricing models?"

We think wild thoughts. During this brainstorming session, we don't concentrate on how we'd execute our ideas, just on what it would take to reach a whole new level. We get ourselves, to use an overused term, "to think outside the box."

The goal is not to radically remake our business - which, after all is growing nicely now - but to keep our thinking fresh, to find ways to improve and enhance, not just innovate. We go far out, and then reel ourselves back into reality. We're going to engage in a little radical thinking - and a whole lot of discipline.

Rhonda Abrams is the author of "The Successful Business Organizer," "Wear Clean Underwear," and "The Successful Business Plan: Secrets & Strategies." To receive Rhonda's free business tips newsletter, register at www.RhondaOnline.com.




LOCAL BUSINESS HEADLINES
Turn in weather salvaging tourism
Decorating dorms is big deal
Rates up, so loans down
Business Meetings This Week
Commercial Real Estate Projects & Transfers
Bankruptcies

SMALL BUSINESS HEADLINES
Ex-player turns baseball into Web business
Diabetic Olympian starts medical ID company
Business Notebook
Think big to spur big growth

NATIONAL BUSINESS HEADLINES
Car's power windows called danger to kids
Police focus on tired truckers

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.