Jul
15
2010
Three Stages of Small Business Success
Author: Stuart R. CrawfordThis post today is not about social media consulting in Calgary or even the work we do each day helping our clients with search engines optimization. However, keep this in mind, the work we do with all of our social media efforts and investing the time and/or dollars into a search engine optimization campaign all start with understanding our businesses.
You know it is still very surprising how many business still don’t have a business plan and even more have a marketing plan that consists of the proverbial, “let’s throw spaghetti against the wall and see what sticks” approach. By the way, don’t be in denial…don’t tell people you have a business plan and then have to blow the dust off it or even worse..you can produce it. If your business and marketing plans are in your head, they are simply dreams. Get it on paper today.
During a recent Starbuck’s gathering with one of our SEO copy editors who works with Ulistic, we got chatting about business and the various stages of a small business. I was intrigued about these various stages and thought that I should know them because I am on my second small business now. Once I started to understand them, it was easy to share with you all.
Here are the three stages that we discussed over coffee:
- Forming – These are the early stages in a small business. You may be here solo or have a group of two or more. This can also be known as the “dating phase”. You like each other, you see synergies and you elect to jump into a business with each other. Everyone kind of knows what they need to be doing. Usually lots of toes are stepped on but everyone is happy.
- Storming – Enter the rocky seas. Everyone is heads down and feverishly working hard for the success of the business. Everyone has the right intentions but lots of things are being missed, people are getting upset and this stage is where a number of the small business relationships fall apart. Success occurs but everyone is so busy pushing forward that they fail to reward themselves, egos start to form and everyone is jockeying for position.
- Norming – If your small business can make it through the storming phase, you will start to see that the stormy seas start to calm and everyone settles into what they do best. Your true sales experts start to emerge, your technical folks understand their roles and everyone is on the same page.
Let’s face it…egos get bruised every day in a small business and every business goes through these phases eventually. The forming period maybe longer for others. Storming may be short-lived and norming we all hope can go on for ever. Let your colleagues flex their muscle and ride out the stormy times to get to the smooth sailing. Some people just need to know they can do it and have early success.
Having run a very successful IT firm in Calgary for 9 years I can tell you that we went through all of these phases. It wasn’t until we had some outside help that allowed us to figure out the norming phase. The phase where roles and job descriptions are clearly defined and KPI’s are set. Do you have KPI’s in your business? If not, how do you know if everyone is doing what they are supposed to be doing?
Having someone come in to do a SWOT analysis on your business is totally awesome and well worth the exercise. I highly recommend investing the time.
Where are you in your business today?