Management and Business Administration Training

Based on a BDC Study*, 40% of Canadian small and medium-sized businesses are outperforming the Canadian economy. 29% of these companies have between 5% and 20% annual growth rates, while 12% show growth rates of greater than 20%. Approximately 60% of companies either have less than a 5% annual growth rate or negative growth.

When we examine the elements that are common to growing companies, we observe a clear growth orientation, including a growth mindset, characterized by a strong commitment and willingness from management to grow the business.

The four winning strategies that emerge from the research are:

  • Being client-centric – providing a service orientation that is above and beyond
  • Building your talent pool – finding and retaining the right people
  • Staying on top of the game – innovating and iterating with new products and services
  • Investing to be the best – growth comes from investing in people, equipment and technology

SMBA summarizes all of these points in one powerful takeaway: successful entrepreneurs are lifelong learning entrepreneurs. They view challenges as learning opportunities and understand that growth comes through learning, exploring, discovering and implementing new concepts, and developing new ideas with a team.

Entrepreneurs learn differently and we specialize in catering to the entrepreneurial mindset. We invite you to explore our programs and services further.

* Source: BDC – SMEs AND GROWTH: CHALLENGES AND WINNING STRATEGIES – October 2015

Share