Hiring growth teams
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“Individuals play the game, but teams beat the odds”
So you have a business idea. What do you do from there? Every business owner’s dream is to grow their brand and establish themselves in their chosen market. We all hear about the lucky businesses that shoot to stardom after creating the perfect product but replicating that sort of trajectory isn’t easy. According to the Australian Bureau of Statistics’ 2012 Small Business report, more than 50% of new businesses are unlikely to ever reach operational status. This is especially true for product-centric businesses like retailers and manufacturers.
But why? Well, there a number of factors why the success rate for new businesses is so low, including:
- Poor planning
- Insufficient market research and sales skills
- Poor governance structures
- Underestimating external market influences
For business leaders, creating effective business strategies and plans can be difficult to execute especially if you’re unfamiliar with the impact of market trends. And how do you know how much market research is too much market research? How do you know what works and what doesn’t when you’ve never dipped your toe into the business world before?
If you’re asking yourself these questions, it’s time to look into a growth team.
But what is a growth team?
Often mistaken for simple marketing teams, growth teams focus on positioning a product, service or brand so that it can be marketed effectively. The tasks that a growth team take on holistically focus on the entire marketing funnel and may involve adjusting a business’ marketing and sales workflows or high-level business structure to increase the potential for that business to succeed in their chosen field. Marketing, however, focuses on the top of the funnel and typically involves assessing the impact of individual promotions on performance metrics like leads, traffic, email opt-ins and sales
So, if you’re interested in a brains trust that can offer holistic support to grow your brand your next question is naturally - how to hire a team? Well, you’ve come to the right place. Literally. At ikaros, our growth services include optimising your marketing assets, analysing your company culture and training, and helping you find the best channels for your business to take hold and make profit.
FAQs
Is this a recruitment service?
We don’t do talent sourcing. Instead, we build on the wealth of experience we have working with growth teams across industries to build a team around your needs. We’re with you every step of the way, pinpointing your needs—aiding you in what to look for—and setting up the processes to have the team hit the ground running.