Standing Still is Going Backwards
Businesses in ‘old-style’ industries such as construction and industries related to construction as well as manufacturing and engineering often have ceased growing and are stagnating. But in business, standstill is not a good option as competitors start to catch up, market share commences to erode and soon revenues decline. This in turn will slash profitability.
In essence businesses must grow. But founders, frequently baby boomers, don’t know how to approach growth and what actions to take to put the company back on a profitable growth path.
How We Can Help
Our team at The Boardroom specialises in helping our clients in these industries identifying the most profitable customer segments and the most profitable products and services. We assist with developing business development strategies and putting in place planning and reporting processes that will result in a resumption of growth.