It is difficult for many executives to recognize when the time is right to try something new. Here are some classic signposts that may help you identify when it is time to try a new approach, to try something new.
- When revenue growth slows to a grinding halt it is time to try something new.
- When your end market stops growing it is time to try something new.
- When you find yourself saying “this used to work” – accept the fact that times have changed – try something new.
- When employees are no longer excited about the business it is time to try something new.
- When your company struggles to attract young employees it is time to try something new.
- When you lose more than your fair share of deals it is time to try something new.
- When you have lost your curiosity it is time to try something new.
- When M&A growth outpaces organic growth it is time to try something new.