Jackie Nagel, Synnovatia 
A service provider or vendor can be an asset or a liability to your business. They either make a contribution to speed up your business growth OR they become a fly in the ointment of your growth. The ability to discern which service provider drives or diminishes your growth is important.
As a business continues to grow, more and more small business owners rely on service providers for their expertise, industry knowledge, and timely service to facilitate business growth. Knowing the type of service provider you’re hiring “greases the wheel” for growth or “gums up” growth.
Whether you’re trying to reach $100,000, $250,000, $1 million, or $5 million in revenue, getting to the next level in your business opens up a wealth of opportunities. Getting ahead of day-to-day details and accelerating to the next milestone in revenue is exciting — once you have a sound growth strategy in place!
There comes a time in every growing business when, as the owner, you “come to the end of your sleeve”. Your business reaches capacity. Either your business has surpassed your skill set or your capacity, or both. What do you do? You bring in service providers to help grow your business…unless they don’t.
You’re ready to take your business to the next level and you’re convinced of the need for a growth strategy…if only you knew what that was! Just as your mission and vision generate a landmark on the horizon toward which you stretch, a smartly selected strategy determines your approach to growing your business.
Business growth is a lot like a human being — you need to keep growing for survival. In fact, ask 60% of businesses that were listed on the stock exchange since 1980 that are no longer in existence. You’ll quickly learn the importance of growing your business beyond survival.
A national poll conducted by National Federation of Independent Business (NFIB) shed light on the most common external factors stunting small business growth. Although the majority of small business owners stated their desire to grow, few show an inclination to do so. Are small business owners buying the common myths associated with business growth?
There is growing evidence of the vast benefits that a growth advisor or mentor provides for small enterprises. Research shows that small business owners who utilize growth advisors are more likely to experience a 20% growth. Is that enough substantiation for you to engage a growth advisor?