Profitability is the ‘silver bullet’ as far as getting yourself ready is concerned. Once you are a profitable organisation, even if it is only by a few points, you can start to construct your expansion plan. The key to profitability is controlling your costs so be prepared to be brutal. To get your company to a state where you are ‘ready’ you may need to apply the knife ruthlessly.
If you need help in deciding what goes in and what stays; Venture Pilot can apply the correct process to determine what is mission critical and what goes in the bin!