How confident are you about your business growth over the next three years?

Based on KPMG’s 2022 SMB Business Outlook Survey, 83% of SMB leaders are confident in their company’s growth over the next three years.

KPMG has also identified that the single most significant source of growth over the next three years will come from organic growth (innovation, R&D, investments, new products, and recruitment) ranked at 24%. Other forms of growth cited were Digital and Technology Investments 18%, Strategic Alliances with third parties 18% and Attracting Fresh Capital at 10%.

Organic growth involves evaluating your operational models for efficiencies, enhancements, or other initiatives that will strengthen your company.

This is where the consideration of adding value comes in. Considering initiatives that enhance how you deliver and the speed with which you deliver your products or services, how adaptive you are to changing customer trends, how differentiated you are, how efficient your supply chain is and how you are bridging any skill gaps in your business all lead to adding value in your company.

Overall, the numbers are positive, given that we all know we may be facing a recession, and in general, many are feeling more confident now that we are beginning to move beyond the uncertainty of the last few years.

Also, another interesting fact is a significant number of business owners are looking to transition from or pass down their businesses in the next 3-5 years.

The time is perfect to be preparing your business and preparing yourself for growth and a possible transition (if this is you).

This is why my work focuses on: business growth & preparation and owner preparation. Without all three, it’s much harder to have a successful transition that all parties are happy with.

My goal is to support you to feel like you’re thriving and hitting the markers of success that are meaningful for you, long before you’re ready to consider a transition.

How do you feel about your business outlook this coming year?

What about the next three years?

Do you have longer term thoughts of possibly transitioning out of your business in the next decade?

Whether you are considering a transition or not, thinking about your sources of growth is something we can look at for your business.

I would love to hear from you: what do you think about these numbers stated above from KPMG? Do you agree or do you feel differently?

NOW is YOUR time,

Ariana