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01 Aug 2019

Growth is created through will, ambitions, and tenacity

IF A COMPANY IS TARGETING GROWTH, WHERE SHOULD IT BEGIN?

The company should certainly have a shared ambition to grow. Commitment and enthusiasm are important, as are the vision and mission – where are we going and why?

When the ambition and objective have been determined, it is important to take a critical look at the company and its operation as a whole: are the basics, such as finances, resources, competence, sales and customer acquisition, agreements, products, and services as well as the supply chain in order? Here you can use the traditional SWOT analysis.

 

WHAT ARE THE INFAMOUS GROWTH BOTTLENECKS? HOW SHOULD I PREPARE FOR CHALLENGES?

When you are well on your way along the growth path, you may face various internal and external challenges. You should reorganize your operations as you grow, or your entire setup may fall to pieces: service security decreases, customer satisfaction is reduced, and your personnel is exhausted. You should focus on the essentials and manage your growth.

One of the significant challenges on the growth path is the insufficiency of resources such as money and the right competence. Your growth may also be impeded by changes in the situations of your cooperation partners. Generally speaking, you should keep in mind that tolerating incompleteness and uncertainty is a significant element of growth entrepreneurship. Sometimes things progress in leaps and bounds, sometimes you go backward or stay still despite your best efforts.

 

WHAT IS THE BEST PLACE OR METHOD FOR NETWORKING AND SEARCHING FOR PARTNERS IN GROWTH?

The events organized by Keuke are a good option. You can utilize various events and occasions for networking and searching for partners. Think about where you could find your potential partners and go there. Similarly, you can also use LinkedIn to find partners.

 

FUNDING ALWAYS RAISES QUESTIONS. HOW TO FUND THE GROWTH?

Options include cashflow financing and public financing, such as Business Finland, Finnvera, Centre for Economic Development, Transport and the Environment, and EU's Horizon 2020 program. Private investors are also available, alongside various crowdfunding options.

In principle, your finances have to be in order. External funding for growth is hard to get if your coffers are empty and indicators in the red. It is important to have a solid growth plan and objectives. They can help you determine where to look for funding in the first place and for what purposes.

 

WHAT TOOLS DOES KEUKE OFFER FOR PLANNING AND CREATING GROWTH?

At Keuke, we can help you with strategic planning as well as any practical challenges. We start by mapping out your current situation and determining your growth objectives and strategy. We can spar with you and provide a critical eye for your plans where necessary. Your growth journey may have many twists and turns with which you need help.

 

ARE YOU WONDERING ABOUT GROWTH-RELATED MATTERS?

Come and discuss your situation with our specialists.

Book an appointment

keuke (at) keuke.fi, 050 341 3210.

 
 
 

Contact us

Do not hesitate to contact us and book a free appointment! You can also contact us using the contact form below.

 






 
 

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Keski-Uudenmaan Kehittämiskeskus Oy

Business Development Centre Ltd. Helsinki Region North
Puuvalonaukio 2D, 2. krs, 04200 Kerava

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