Across the world and in the UK many companies feel they have been static for the past 3 to 4 years, going from one issue to another. Many company owners seen ready to grow the business now after being in “emergency” mode for the past few years.

Static business means going backwards

In business you can not be static, you either move forward or move backwards. As inflation goes up, a static company would be going backwards if not growing.

Growth can look in so many ways, it can be looking at new projects, new markets, new team members, new products. Growth is very important for all companies and with the UK being at a growth rate of 0.07% GDP,  any growth a company can do, will help with UK as well.

A growth rate of 0.07% is very low with inflation at 2-3% and therefore companies need to have higher growth rates.

Here is a checklist on how to grow:

Product: Is your product the right product for the current market or do you need to look at the products you offer

Location: Trends have changed, have you got the right location for the current trends in the market. With the building of 1 million houses (maybe) in the next 5 years, will your locations service these new developments or could a opportunity for the new locations be required.

Pricing: Are you services or products at the right price or are they set at prices from 4 years ago

Right knowledge: Does your team have the right knowledge for the products or servies you are selling

UK or International: With Brexit, is it time to look at beyond the EU.

Team size: Do you have the right size team in the right locations to deliver the growth plans?

Talent pool: Do you have the right talent for future growth or future projects. You will never deliver this without the right talent in place.

Talent planning is really important. Many companies might come up with a great idea but never think about the location and the talent needed. This is essential. You need to look at having your talent pool in place for these projects.

Investing in talent is just as important as investing in a building or equiptment. Using a Recruiter to source talent is a investment, you are investing in having the right talent in place. Recruitment should not be seen as “just a cost” but instead as a investment in your company growth and taking your business forward.

You would not launch a new product without the right equiptment, looking after the equiptment and treating it well. In the same way, talent should be treated the same. You should invest in the right talent and invest in the talent you have to keep them.

If you are keen to get the right talent ready for your growth plans, our recruitment partners would be keen to have a chat. please call us on 0161 300 7862 or 0203 542 6103

HtE Recruitment News & Insights

This news and insights page has been written by Rick our Director and is not AI generated. HtE Recruitment take no responsibility for this post.