On Business with Stacy Towles: Recent Episodes
Stacy Towles
The show for business owners and operators who want to sell their business, increase its valuation, or gain freedom by transforming it to be more efficient and profitable.
Many organizations are experiencing employees fatigue as they go through digital transformations and recurring business transformations. This week we talk about how to prevent employee fatigue in transformation, as well as how to solve it.
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Have you ever wondered why it seems like tech companies get all the attention from venture capitalists, angel investors, and private equity firms? Wouldn’t it be nice if you could get a slice of that money pie? Well, the first step is understanding the difference between a tech company and a tech-enabled company.
A technology company is an organization that wouldn’t (indeed, couldn’t) exist if it weren’t for technology.
A tech-enabled business uses existing tools, platforms, libraries, and frameworks to make a company or a solution it provides more efficient or effective.
The differences between tech companies and tech-enabled companies have implications that help determine the team, possibilities, and valuations of the work, one is certainly not better nor worse.
But, what if you’re not a tech or a tech-enabled company? Listen to this week’s episode of On Business with Stacy Towles.
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This episode features 8 drivers of business value.
Do you know what really drives value in a business? More revenue and higher profits are important, but there are 7 additional factors impacting your business valuation. Before you engage in business transformation, apply for a bank loan, or try to recruit highly skilled workers, make sure your business has these value drivers in place.
For help growing your business valuation visit http://amplifygs.com/Home
Connect with Stacy on LinkedIn at https://linkedin.com/in/stacytowles
Send in a voice message: https://anchor.fm/on-business/message
https://amplifygs.com/Home
Send in a voice message: https://anchor.fm/on-business/message
The term Business Transformation is complex and represents multiple interrelated ideas. In this episode, I offer a definition of business transformation and an explanation of each of those interrelated ideas. Topics include change management, corporate strategy, process optimization, organizational culture, technology, valuation, impact, and profitability.
In today's episode
- Business Transformation is the process of fundamentally changing the strategy, processes, culture, and technology of an entire business or business unit, to achieve measurable improvements in valuation, impact, or profitability.
- First, fundamental change. When something undergoes a fundamental change, it means an essential component has been altered.
- Next comes strategy. Strategy refers to the set of plans, actions, and goals that outline how a business will compete in a particular market, or markets, with its products or services. Basically, how the organization creates value. Common examples of business strategy include cost leadership, differentiation, and market focus.
- Processes, culture, and technology should each be set up to support the strategy. Processes are what employees do day after day to keep the business running.
- Culture is a set of prevailing attitudes and manners in which staff treat customers and one another.
- Technology requires you to assess if you are using available tools in the most appropriate way (aligned to your strategy) to capture the most value.
- Finally, our definition of business transformation requires measurable improvements. Undergoing change or transformation without anticipating and tracking the impact of those actions can be frustrating and a total waste of time.
Key takeaway
Aligning your organization to a common definition is the first step in capitalizing on all the potential goodness a large-scale transformation effort offers. Be sure to address every component of this definition.
Take Action
Ready to transform? I help companies like yours get more efficient, attract investors, and reinvest their capital to create long-lasting value. Visit https://amplifygs.com/Home
Stacy Towles is the founding partner at Amplify Growth Strategies, a business advisory firm specializing in helping small business owners expand or exit on their terms.
Connect with me
LinkedIn: https://LinkedIn.com/in/stacytowles
Twitter: https://Twitter.com/stacytowles
Send in a voice message: https://anchor.fm/on-business/message
Welcome to On Business with Stacy Towles, CEO of Amplify Growth Strategies. This is the place for business owners and leaders to get practical strategies with relatable examples for growing business valuation and advancing mission with less operational stress. Expand revenue, increase cash flow, attract investors so you can make a bigger impact.
Show notes at https://stacytowles.com/on-business
For business advisory services, growing, or selling your company, visit https://amplifygs.com
Stacy Towles is an experienced business leader, entrepreneur, and investor passionate about launching and growing. She's helped launch or grow over a dozen ventures, including two of her own. Former organizational effectiveness consultant, and marketing operations manager at a Fortune 50 technology company. Current CEO of Amplify Growth Strategies, a relationship-based private equity firm focused on deals that build owner legacies.
Are you ready to solve big problems, scale your business impact, and grow profits in a way that honors your customers and employees? Follow my
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