This weekend there was a great piece in the WSJ by Alexandra Wolfe about Howard Schultz the founder of Starbucks. There were so many great inspirational points on scaling a business, I felt the need to trap them here. I’ve added my take in italics: Vision:...
Of course advice on scaling any business is dependent on the stage you have reached. So let’s frame this post in terms of size. I’m going to assume your software business is generating annual sales between $5m and $25m. And you want to scale to $100m. The following...
If you are in a hyper-growth state, growing at 25% to 250% per annum, trying to add dozens of new employees, you are entering a battle for talent. The ability to bring stability to that growth will be largely dependent on the talent you bring in. They can’t...
I came to Boston in October 2001 from London to manage a software business called Teamstudio. In the summer of the following year it would be listed at #91 on the Inc. 500 list, with a 4 year growth of 1888%, that’s 111% per annum! But that was just the start of our...
Last week the WSJ highlighted a fascinating study published by The Boston Consulting Group (BCG). The study claimed: Adjusted for productivity, US average labor costs by 2015 will beat Japan by 18%, Germany 34% and France 35%. It details how declining energy...
I was having coffee the other day with my friend, Leo Hermacinski, who helped scale The Parthenon Group (a very successful strategy consulting firm) in Boston over a 17 year period. As we shared war stories it became clear that we had similar views on business...