Do lead the way in your sector, and do others recognise this?
At The Alpha Group we make certain that you assess themselves as business leaders and identify your four priorities for significantly increasing your effectiveness.
So, how does this happen?
Easy, its a six step-process using the power of the peer-to-peer advisory board.
Firstly the peer-to-peer advisory board help you identify what is your strategic problem.
What is probably the biggest obstacle to a company achieving FastGrowth? The typical Business Leader spends more than 80% of his/her time on day to day operations and fighting fires!
Highly effective Business Leaders of FastGrowth companies do the opposite. They invest 80% of your precious attention, skills and time on improving your existing business and in developing your future business. To do this they have successfully delegated day to day operations to your team. Moreover, for the 80% of your time, they lever your skills and involve others in achieving your FastGrowth goals.
So currently, how effective are you as the Business Leader at improving your existing business and developing your future business? Rate yourself on a scale of 1 to 10, where 1 is barely adequate and 10 is outstanding. Put your ratings in the 2 boxes below:
Improving your existing business
Developing your future business
What are your strategic conclusions on your rating above?
Secondly the peer-to-peer advisory board help you assess themselves as a Business Leader.
Using the 10 FastGrowth Leader factors below, evaluate yourself. Assess each factor on a scale 1 to 10 where 1 is barely adequate and 10 is outstanding. Use your own subjective ratings. After this workshop, urgently ask your team for your ratings on you as the Business Leader.
clearly define your FastGrowth goals for your company
enjoy strong commitment from your senior team to achieve these goals
share these goals with all your people
easily explain your business purpose and FastGrowth goals to your customers
allocate 30% of your time to your FastGrowth projects in your monthly time planner
give your FastGrowth goals priority over day to day issues
review your FastGrowth goals quarterly with your senior team 8. lever your precious time to achieve your FastGrowth projects
lever your precious time to achieve your FastGrowth projects
often thank your people for your behaviours that achieve your FastGrowth goals
invest 10% of your time coaching your people for FastGrowth
Your total FastGrowth Leadership score out of 100 (%)
Which of the above Leader factors do you intend to focus on as the Business Leader for your business? Please asterisk your top 3 factors and write each on a small post-it and then use you on page 3 overleaf.
Thirdly the peer-to-peer advisory board help you decide your goal and your plan to be a Business Leader.
In terms of significantly increasing your company’s annual sales, % operating profit and profit multiplier, what is your bold goal for transforming your company’s value over the next 3 years? Write your bold yet measurable goal in 8 to 10 words in Box A below. Start with an achievement, action verb.
A. Your bold goal for your company’s Fastgrowth
Identify your 4 priorities for yourself becoming the FastGrowth Business Leader - your 3 FastGrowth Leadership factors from page 2, plus one other of your choice. Write this on a small post-it and then place your 4 priorities in the boxes below. This is your FastGrowth Leader PLAN.
Using these 4 priorities define in the box below your BOLD goal for you as the FastGrowth Business Leader i.e. write your goal in terms of how it will excite you and inspire your people. Write your goal in Box B below in 8 to 10 words, starting with an achievement, action verb.
B. Your bold goal for you as the Fastgrowth Business Leader
Fourthly the peer-to-peer advisory board help you evaluate the benefits to themselves and your company of the Leadership Plan.
Think forwards 6 months from now. In this time period you have worked hard at implementing your FastGrowth Leader Plan from Page 3. You are now regularly implementing your 4 priorities every day in your company.
What will be the likely benefits of this plan to you and your company over the next 6 months?
Within 2 years
a) Your annual sales of X p.a.
b) Your % operating profit
c) Your profit multiplier
d) Your market-value
Lastly the peer-to-peer advisory board help you take massive urgent action.
The profound impact on you and your company of becoming a more successful Business Leader is that you will transform the profit multiplier and the market value of your company.
If you would like to find out more about how The Alpha Group members become a more successful Business Leaders then please get in touch and I will be happy to send you further information about visiting a suitable group, online, face-to-face or blended with a mixture of real world and virtual board meetings.