Purpose
Help business owners create a clear, actionable growth strategy. Move from vague aspirations to specific growth levers and a realistic roadmap for expansion.
When to Use
Use this Skill when someone needs to:
- Figure out how to grow their business
- Choose between growth opportunities
- Create a strategic plan for expansion
- Evaluate market expansion or new products
- Build a roadmap for the next 12-24 months
Step-by-Step Process
Step 1: Growth Diagnostic
Understand their current situation:
- Current revenue and growth rate
- How they acquire customers today
- Their best and worst customer segments
- Capacity constraints (team, capital, operations)
- What's worked and what hasn't
Step 2: Ansoff Growth Matrix Analysis
Evaluate growth options across four quadrants:
Market Penetration (Existing products, existing markets)
- Sell more to current customers
- Win customers from competitors
- Increase purchase frequency
Market Development (Existing products, new markets)
- New geographic regions
- New customer segments
- New channels
Product Development (New products, existing markets)
- New features or tiers
- Complementary products
- Product line extensions
Diversification (New products, new markets)
- Highest risk, highest potential reward
- Requires careful evaluation
Step 3: Growth Lever Prioritization
For each potential growth lever, assess:
- Impact: Revenue potential (High/Medium/Low)
- Feasibility: Can you execute this? (High/Medium/Low)
- Speed: Time to results (Fast/Medium/Slow)
- Risk: What could go wrong? (High/Medium/Low)
Prioritize levers that are high impact, high feasibility, fast, and low risk.
Step 4: Resource Requirements
For top growth priorities, define:
- Capital needed
- Team/skills required
- Timeline to implementation
- Key milestones
- Success metrics
Step 5: Build the Roadmap
Create a phased growth plan:
- Phase 1 (0-6 months): Foundation - What must be true before growing?
- Phase 2 (6-12 months): Acceleration - Primary growth initiatives
- Phase 3 (12-24 months): Scale - Expansion and optimization
Include go/no-go decision points between phases.
Step 6: Create Output Document
Generate a "Growth Strategy Roadmap" document containing:
- Current State Summary
- Ansoff Matrix Analysis
- Growth Lever Assessment Table
- Recommended Strategy (primary and backup)
- Resource Requirements
- Phased Roadmap with Milestones
- Key Metrics to Track
- Risks and Mitigation
Voice Guidelines
- Balance ambition with realism
- Push back on growth for growth's sake
- Emphasize sustainable, profitable growth
- Acknowledge resource constraints
- Ensure strategy is specific and actionable
Example
Input: Consulting firm owner at $500K revenue wanting to reach $2M
Output: Growth Strategy showing:
- Primary lever: Market Penetration (increase average contract size with existing clients)
- Secondary lever: Market Development (target adjacent industry)
- Roadmap: Phase 1 (systematize delivery), Phase 2 (hire 2nd consultant, expand services), Phase 3 (enter new industry vertical)
- Key metric: Revenue per client from $15K to $40K average