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Ten key steps to building a world-class business

by Guy Rigby on 05 April 2012

What makes a great business? Here are my thoughts in ten 'tweetable' points of less than 140 characters!

1. Vision

Vision is the key driver of business success. Great leaders think big and imagine the real and the ideal side by side. 

2. Strategy

Only a clearly defined strategy delivers the realistic means for a business to achieve its vision over time.

3. Planning

Good business planning stimulates, encapsulates and articulates, providing focus and direction for measurable business success.

4. Leadership

Leadership is about doing the right things. Management is about doing things right. 

5. Management Team

Recruiting and empowering a capable and committed management team is the biggest entrepreneurial challenge. 

6. Money

Businesses talk about turnover and profit, but it's cash in the bank that speaks loudest. 

7. Culture

Purpose and values lie at the heart of every great business. Value 'meaning' as well as 'money' to make your business fly.

8. Marketing

Marketing is the art and science of making customers want to do business with you. Think engagement, not broadcast.

9. Collaboration

Collaborate to accumulate. The road to growth is paved with partnerships; successful businesses rarely operate alone.

10. International

Think international. It's not just for large businesses - technology and logistics mean that everyone can play. 

For more information on growing a world-class business, get a copy of my book, 'From Vision to Exit, The Entrepreneur's Guide to Building and Selling a Business', available on Amazon and in all good bookshops now.

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Comments

3 comments on “Ten key steps to building a world-class business”

  1. @mikerios
    Posted 21 June 2012 at 12:43:53

    These point are such a chain system for get a successful business and a great leadership. one of the most great points are vision and Strategy here.

  2. @Sell my business
    Posted 21 June 2012 at 12:47:56

    These points are really wonderful for get a world-class business. I think two of the points are valuable of successful business and great leadership that is 1st one is vision and 2nd one Strategy.

  3. @Sanjiv Chainani
    Posted 14 December 2012 at 06:15:30

    I would like to say thanks for your information. I am in the process of setting up a retail store and have been impressed by your site. It has helped incredibly"

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