Our Promise: Increase Your Revenue 5 times over 3 Years
The main causes of failure for emerging technology companies are typically two fold; one is planning as it relates to the company's commercialization strategy and market positioning, and the second is execution and the absence of a realistic plan to achieve the objectives of investors, shareholders, management and customers.
Three years ago, ACETECH launched the growth strategy program under the leadership of Ralph Turfus, seasoned CEO and mentor to countless technology companies in BC. The goal of the program was to help companies overcome these challenges and double their revenue in twelve months with by:
- Identifying and focusing on a single market and win domination over this market, then
use it as a springboard to win adjacent markets
- Understanding clearly the Most Important Needs (versus Wants)
- Using the 80/20 rule and focus on doing well the few Most Important Things
- Identifying and Using Best Practices Models to solve the Most Important Needs
- Using local experts and experienced CEO's to help to do the information delivery
- Mentoring the CEO to take "live" each Best Practice Model in their company
- Group support and accountability - deliver on commitments; support one another
The first year of the program was a huge success! 13 of the 30 companies that applied were accepted in the program. By the end of the 12 months program, 5 of those companies had achieved a 100% growth in revenue, and 4 had secure bookings that would allow them to meet that goal within a few months.
At the delegate's request, the program has been expanded to include two additional years
to provide more best practices models, in depth gap analysis, and ongoing one-on-one mentoring in addition to peer group support.
The objective of the new curriculum is to increase the company's revenue by a factor of 5 over 3 years
Over the course of 3 years, the program takes the CEO through the critical steps of developing and implementing an effective strategy to meet the objective of 5 times revenue growth by the end of the third year.
One-on-one mentoring is provided throughout the program to ensure adoption of best practices. Much like a Board of directors, the CEO is held accountable for delivering on the sales forecasts and quarterly objectives set out in the strategic plan
The Growth Strategy Program runs from January to December. 12 companies will be admitted in the first year of the program every year. Find out more about the Growth Strategy Program or apply online for membership. All applicants will be contacted for an interview in November
