Is your company stuck on the launch stage? Here are the most important conditions for its success

It turned out that a large number of new companies have been stuck at the same level since its establishment, and some companies may initially succeed in some businesses and start competing, but may stop progressing at some point, and the experts found that there are several ways of development.

In a report by the Russian "FBI" website, the author Lazareva Valeria said that the researchers had been busy for years looking for reasons why the company was stuck in the same place after the launch phase, and in this regard they conducted interviews with founders, customers and employees.

The study revealed that there are conditions that have the greatest impact on the success of companies, as these conditions are more important even than the director or the emitter of the company.

Innovation and development while respecting the company's direction
Sometimes it is said that the company should work continuously on innovation and development and not remain in one form, and in fact, some companies are characterized by great flexibility, but continuous innovation would harm the company and not lead to overwhelming success as some expect.

On this basis, entering companies into a new experience every three months is not beneficial. In such a situation, employees will find it difficult to make such rapid changes, as well as customers.

alternative
Companies that have achieved success and high profits are somewhat boring, and in fact, good companies enter the markets that you know well, where you know that they can perform a large number of transactions, as well as determining the timing and compliance with the most important stages, moreover, good companies care The issue of recruiting talented employees and developing leadership as a basic strategy.

The writer added that this proves that it is not always necessary to rush to master innovations.

First, you should follow the market requirements. It makes no sense to offer the most advanced solutions if the demand for them is not high by potential clients, which could lead to the company stopping in the post-launch phase.

Discipline
People consider “expansion” and “growth” synonyms, but this is a big mistake. In fact, expansion occurs when revenue growth exceeds the gradual addition of resources to ensure this growth. Of course, efficient discipline is required, that is, the ability to produce or service in the same way one day. after a day.

How is this achieved?
The author explained that everything comes through this process: regularly reviewing performance and performance indicators and financial issues, whether related to wages or payments to commit to setting clear expectations, and it is interesting that companies that are characterized by discipline are under the impartial control of independent directors and financial auditors.

This will reduce the number of errors committed by employees, although some companies categorically refuse to deal with experts, in order to provide high wages, however, such attempts to save would lead to the company standing in its place.

Predictability
It is important to ask the following question, "What is my chance to achieve sales in the next stage? In general, asking this question makes the owners of the company or those responsible for it expect the possibility of the plan.

These people are fully aware of how their companies operate, because they have conducted the necessary studies.

According to experts, most of the companies that were suspended in the post-launch phase achieved an average of only 35% of their expectations.

For people who did not make any expectations, the companies achieved only up to 5%, and imagine if you have achieved from 30% to 40% of the size of your expectations, what will be the impact on your capital?

To achieve this, a well-managed sales line must be developed, bearing in mind that this is critical, as well as the ability to use financial data widely to set and communicate performance targets and support expectations.

Endurance
The writer stated that employees who submit their resignation are best suited to understanding workplace issues, and it is mentioned that it is a popular belief that bad managers consider the reason for the resignation of these employees.

In fact, these employees leave because they feel frustrated and tense, as some companies can prepare their employees for rapid growth and receive high wages, but when this does not happen, employees lose confidence in the company and its managers.

Besides, managers or employers may compel employees to work in a tense atmosphere, causing them to request resignation.

The author pointed out that in order to solve these problems, companies need good compensation and financial benefits programs, in addition to development programs and vocational training opportunities. Moreover, employee confidence in employers affects very positively the level of work and contributes to exceeding annual expectations.

Create value
Leaders cannot create value from work unless they understand what these actions are, their value, and how they are created.

In fact, researchers found that 90% of cases had no idea what the business was, in contrast, it was necessary to understand the operating results that create the value of the work in your company, and it is also important to maintain a transparent relationship with your employees.

And the writer mentioned that by implementing the aforementioned tips, you will notice some changes that may be a starting point for further improvements, and in general, companies follow a lot of rules, as nothing prevents you from following these methods in order to overcome the recession in the end.