Managing High Growth Creating a Compelling Value Proposition Managing High Growth • A Bit About Me Laurence Ainsworth • Registered and Approved Growth Coach with • Have supported dozens of Businesses Through High Growth from 25% to 600% pa • 10 Years Experience in managing High Growth in Businesses from 20 to 300 people • In UK and Abroad • Real and rare expertise of operating profitable high growth businesses Managing High Growth We have about an Hour to • • • • Understand what a value proposition is Show you how you put one together How to evaluate it Let you have a go at building one Managing High Growth What is a Value Proposition? Managing High Growth • Its not about the “ers” – Eg Being faster or cheaper • Its about the “ests” – Eg Being the friendliest – The closest • Its what you do that others cant or wont do Managing High Growth If I am your ideal prospect, why should I buy from you rather than for any of your competitors? Managing High Growth If I am your ideal prospect, why should I buy from you rather than for any of your competitors? Managing High Growth If I am your ideal prospect, why should I buy from you rather than for any of your competitors? Managing High Growth If I am your ideal prospect, why should I buy from you rather than your competitors? Managing High Growth Putting Together Your Value Proposition Managing High Growth Lets Focus on the Problems The 4 U’s Managing High Growth Unworkable – Typically Broken Business Processes • • • • Customer service Sales Recording Straight through processing Managing High Growth Unavoidable – Regulatory • • • • • Accounting Bookkeeping Insurance Heath & Safety Aging Managing High Growth Urgent –Urgent and Important! • Typically in the top 3 of a company’s current needs • Priority 1,2 or 3 will determine resource allocation Managing High Growth Underserved – Fewer competitors – But fight against pre allocated resources –Money –Time –People Managing High Growth What do you deliver? • • • • • • • • • • More Better Revenue Cost Savings More Time People Productivity Competitive Advantage Reputation My values My aspirations My Job Managing High Growth Types of Need Blatant Latent Aspirational Critical MjSkok : Start up Secrets –Value Proposition Managing High Growth Types of Need Blatant Critical Blatant Latent Aspirational Critical MjSkok : Start up Secrets –Value Proposition How Do You Evaluate Your Value Proposition? Managing High Growth Value/Cost Ratio • • • • • • • Revenue Cost Savings Time People Competitive Advantage Reputation My Job • • • • Switching costs Default Priorities Good Enough Find Trial Implement Rollout Build Cost Inertia RISK Value Force • • • • • Managing High Growth Value/Cost Ratio • Greater than 10:1 Cost Inertia RISK Value Force Managing High Growth Building Your Value Proposition Managing High Growth For (Your Ideal Prospect) Who are dissatisfied (with current problem) Our Offering (your specific service) Provides (Your key differentiation, your Only factor) Unlike (your competitors alternatives) Managing High Growth So Here’s Mine Managing High Growth For (Ambitious Business Owners) Who are (either seeking to embark on high growth or who are struggling to cope with the problems of high growth) Our (high growth service) Provides (blended advice and training that addresses the organisational issues in sustaining high growth and is supported by a number of tools uniquely designed to support the management of high growth) Unlike (other providers who tend to focus on sales growth rather than organisational growth ) Managing High Growth For (Your Ideal Prospect) Who are dissatisfied (their current problem) Our Offering (your specific service) Provides (Your key differentiation, your Only factor (s)) Unlike (your competitors alternatives) Managing High Growth • Contact me on • [email protected] • LinkedIn Laurence Ainsworth • Twitter @laurenceexigent
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