Two of the biggest challenges that companies face in today’s economy are the pace of change which continues to increase and activation of the people inside the company. Both of these are paramount to growth.
To address these two issues requires new thinking.
This research comes from interviews with CEOs from the 2017 Inc. 5000. We were insanely curious about the systems and patterns of hypergrowth. The CEOs reveal how they made it to the hypergrowth stage without imploding.
We will share with you some of the insights discovered in talking to the hypergrowth-minded CEOs of the Inc. 5000 list — all of whom have an average revenue growth of 2,731 percent in the last three years — yes, 2,731 percent! These CEOs were forced into new situations that caused them to push beyond their comfort zones.
The ONE thing that every company attributes their CONTINUED success is their employees.
Your employees are the people on the front lines and creating the experience that allows the company to continue growth. If you are losing clients out the backdoor, you will struggle to achieve hypergrowth.
The people that serve, market and connect with your external world are important. In this research, you will see how to set up your culture for hypergrowth.
All this research points to the value and the need to cultivate the Entrepreneurial Spirit in your company.
Change is everywhere. It is exactly the reason why embracing the entrepreneurial spirit is so important.
The CEOs in this research are FAST.
They are FAST…in many things.
They develop ideas FAST.
They test ideas FAST.
They filter quickly through all the good strategies to find the smart strategies.
FAST is the key to hypergrowth. Thinking fast. Moving fast.
The hyper-growers are FAST on many dimensions.
The hypergrowth CEOs have navigated some massive shifts
in their journey to hypergrowth.
Consider this a brutally candid conversation that challenges the old and inspires new thinking. The constant state of change continues to accelerate. This pace requires that our teams take ownership of projects, create innovation despite the pull to drift, and become brand champions for the company that impacts the bottom line. The entrepreneurial spirit brings agility and increases each person’s capacity to accelerate your company’s profitable growth. Discover how companies that embrace an entrepreneurial spirit inside their culture out perform on the top growth indicators.
Many of these same insights and inner struggles company leaders face are explored at a deeper level in my book, The Trap of Success. These companies are where they are now because of their ability to serve their clients and their ability to develop employees, and they continuously develop of themselves in the hypergrowth journey.
The six core principles driving breakneck speed growth are organized in to three main areas:
Activate The Company
- Create a One of a Kind Brand
- Create Vision at all Levels
Activate The Culture
- Create Radical Transparency
- Create Innovation through Empowerment
Activate The People
- Create Shared Goals
- Create Brand Ambassadors
About Gene Hammett (the author)
Gene Hammett works with companies to discover new strategies for growth. From small businesses to large corporations, he presents his ideas on becoming THE choice, not a choice and unleashing the entrepreneurial spirit by activating internal brand ambassadors for companies. Gene’s podcast, Leaders in the Trenches, has been recognized by Inc. and Entrepreneur for its insight on marketing and sales leadership.
Gene is also the author of The Trap of Success: A Brutally Candid Guide to Overcoming Your Fears, Finding Significance, and Achieving Profound Success. A regular contributor to Entrepreneur, Gene has also been featured in Forbes, Success, Business Insider, and Inc.