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5 Keys to a fast enterprise growth
PromptCloud
By
Every firm wants to grow….quickly…
5 Keys to fast growth:
 Hiring the right talent
 Crafting relevant Business strategy
 Growth Financing
 Creating an entrepreneurial mind-set
 Creating a good internal & external environment
Start-ups & small firms want to get big, big firms want to acquire more market pie to get
bigger. Enterprises employ various techniques to achieve quick growth, but how quickly
& steadily can you grow in an environment that comprises of competition, entry barriers,
technology roadblocks and many other internal & external factors is a thing to ponder.
1. Hiring the right talent
 Understand the current business scenario & create business
processes
 Plan Your Employee Recruiting Strategy
 Create roles & responsibilities aligned to the business processes
 Top management’s involvement in hiring key personnel
 “Concept hires” - Identifying handful of responsibilities & then
mapping these onto talent’s skillsets
 Setting the right expectations & maintaining a positive culture
2. Crafting relevant Business
strategy
 A distinct business strategy can guide the firm to stay profitable by
reaching important customer segments & satisfying their needs
 Top management translates vision& mission statements into
corporate strategy
 Strategy is further broken down into realistic objectives
 Frameworks used by enterprises for formulating strategy– Porter’s 5
forces, SWOT analysis
 Results of these analysis form the building blocks of strategy building
3. Growth Financing
 Companies that want to expand or restructure operations, enter new markets or
finance a significant acquisition go for financing
 Type of growth financing:
 Seed Capital: For firms that have not yet started its operations & is in the initial
stage of product launch.
 Start-up Capital: For firms that need funding for hiring, administrative
management, market research, and finalizing of the product or service.
 Early Stage Capital: For enterprises that reach a stage of reasonable growth,
when sales and revenue is on an upward direction.
 Expansion Capital: For firms that are well established in the market and is seeking
funds to take the business to the next level
 Late Stage Capital: For firms that have achieved great sales numbers and
revenue. Funds are used in improving sales and marketing efforts & increasing the
working capital.
4. Creating an entrepreneurial
mind-set
 Employees with an Entrepreneurial mind-set can
 Create new opportunities by being innovative
 Have a holistic view of the entire operations
 Take calculated risks in order to be competitive
 Understand the pain points of the firm and align their goals with firm’s
objectives
 Be independent & authoritative
5. Creating a good internal &
external environment
 Internal environment
 Employees – Talent engagement & development, Compensation &
benefits
 Management – Positive outlook & attitude
 Corporate culture – Creating a good work culture
 External environment
 Technology
 Ecosystem
 Legal/Political barriers
 Economy and demographics
Thank you.
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5 keys to a fast enterprise growth

  • 1. 5 Keys to a fast enterprise growth PromptCloud By
  • 2. Every firm wants to grow….quickly… 5 Keys to fast growth:  Hiring the right talent  Crafting relevant Business strategy  Growth Financing  Creating an entrepreneurial mind-set  Creating a good internal & external environment Start-ups & small firms want to get big, big firms want to acquire more market pie to get bigger. Enterprises employ various techniques to achieve quick growth, but how quickly & steadily can you grow in an environment that comprises of competition, entry barriers, technology roadblocks and many other internal & external factors is a thing to ponder.
  • 3. 1. Hiring the right talent  Understand the current business scenario & create business processes  Plan Your Employee Recruiting Strategy  Create roles & responsibilities aligned to the business processes  Top management’s involvement in hiring key personnel  “Concept hires” - Identifying handful of responsibilities & then mapping these onto talent’s skillsets  Setting the right expectations & maintaining a positive culture
  • 4. 2. Crafting relevant Business strategy  A distinct business strategy can guide the firm to stay profitable by reaching important customer segments & satisfying their needs  Top management translates vision& mission statements into corporate strategy  Strategy is further broken down into realistic objectives  Frameworks used by enterprises for formulating strategy– Porter’s 5 forces, SWOT analysis  Results of these analysis form the building blocks of strategy building
  • 5. 3. Growth Financing  Companies that want to expand or restructure operations, enter new markets or finance a significant acquisition go for financing  Type of growth financing:  Seed Capital: For firms that have not yet started its operations & is in the initial stage of product launch.  Start-up Capital: For firms that need funding for hiring, administrative management, market research, and finalizing of the product or service.  Early Stage Capital: For enterprises that reach a stage of reasonable growth, when sales and revenue is on an upward direction.  Expansion Capital: For firms that are well established in the market and is seeking funds to take the business to the next level  Late Stage Capital: For firms that have achieved great sales numbers and revenue. Funds are used in improving sales and marketing efforts & increasing the working capital.
  • 6. 4. Creating an entrepreneurial mind-set  Employees with an Entrepreneurial mind-set can  Create new opportunities by being innovative  Have a holistic view of the entire operations  Take calculated risks in order to be competitive  Understand the pain points of the firm and align their goals with firm’s objectives  Be independent & authoritative
  • 7. 5. Creating a good internal & external environment  Internal environment  Employees – Talent engagement & development, Compensation & benefits  Management – Positive outlook & attitude  Corporate culture – Creating a good work culture  External environment  Technology  Ecosystem  Legal/Political barriers  Economy and demographics