Insightful Business Facts & Stats
82% of the time individuals either set up their own business or are promoted because they are great technical subject experts (2014 Gallup survey)
According to research only 22% of new businesses launched in the past decade have successfully scaled because of these common mistakes. These equally apply to a successfully growing business
- Grew too fast
- Prioritised short term actions over long term goals
- Lost focus and direction
- Hired quantity over quality
- Overlooked processes and systems to drive efficiency
- Lacked agility
- Lacked effective people management
Recruitment Statistics
This does not include at least 3 months of time spent on recruiting, interviewing OR the intellectual knowledge that has walked out the door and will take any new employee 6 months before up to speed.
However to spend even half of that on an individuals’ development not only delivers these numbers to your bottom line but plays a significant part of an individual feeling valued and we all know how important that is in terms of retention and motivation.
Learning, Development & Training
Investing in training and development adds these big numbers to your business growth. How much value does that add to your bottom line?
“Faye’s insight and bespoke business development sessions helped identify strategies that accelerated our business growth far beyond our expectations. Initially I thought her expertise would help ease a few bottlenecks, instead we’ve managed to over achieve on our annual goal by £200k and still created more quality time with our loved ones. Thank you so much.”
Andrew Wheatley
Company Director, Haxo Global
