Is Your Success Setting You Up for a Plateau or Continued Growth?

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Margery Krevsky, the CEO of Productions Plus headquartered in Michigan, was recently a guest on my weekly on-line peer-to-peer-to-peer radio show, THE GROWTH STRATEGIST™. There are so many cues to encourage Margery to coast, get cocky, and ride on her past successes.  She’s won several awards including Michigan’s “Ernst and Young’s Entrepreneur of the Year” award for her industry.  Her company is the largest production and talent firm in the state and one of the best in the country.

Margery is now living “Above the Radar” (see blog # 30 – 2010). Perhaps you are too. Other people now approach her with business proposals. She is invited to speak at conferences. She could serve on just about any non-profit board she chooses (and some for-profit boards as well).  She could chair major fund raising events in a figurehead role. She might even be tempted to write a book.  Margery is clearly in the top 1% of female entrepreneurs. She’s been so successful folks are now watching what she will do next. She is expected to know A LOT.

So far, Productions Plus has experienced consistent growth. She is proud of her executive team. They’ve invested in skilled managers.  And they didn’t stop there. They wisely brought in Jim Alampi to help them implement “The Rockefeller Habits.” (Read Verne Harnish’s book, Mastering the Rockefeller Habits, if you don’t know what I am talking about here.)  Margery has been a long time participant in a VISTAGE group and paid the very experienced facilitator, Barbara Stanbridge, to provide extra coaching for her.

When you listen to enough executives of midsized companies, you can tell which company will continue to grow and which is more likely to soon be stuck …even without looking at their financials!  I’ve been interviewing Presidents/CEOs of midsized companies ($20-200 Mil/yr) for my weekly on line peer-to-peer-to-peer radio show for 6 years. Plus all of my service businesses (strategic planning, search, growth financing, etc) help midsized companies keep growing. I’ve heard hundreds of pitches for growth financing.

If you were in Margery’s shoes (and perhaps you are) would you coast? Take a break? Leave things alone for a while? Act like you know everything? Or would you raise the bar on your company’s approach to strategic planning? Look for new ways to energize managers? Update your vision? Learn about succession? Create a much larger business?

Here’s to the Margery Krevsky s of this world … who keep learning!

About Aldonna Ambler:
Known as The Growth Strategist®, Aldonna Ambler built and grew a suite of companies to help midsized B2B companies achieve accelerated growth with sustained profitability® A Certified Speaking Professional (CSP), Ambler has addressed over 2000 audiences and hosted a syndicated online talk show about growth strategies for 9 years. As a growth financing intermediary, Ambler raised over $1 Bil dollars for midsized companies. The winner of over 2 dozen prestigious national and statewide "entrepreneur of the year" awards, Ambler is available to speak about “profitable growth during any economy” and/or serve on the board of a growth-oriented privately-held company.

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