In the best-selling professional book "From Good to Great" one of the first tips is to put together the right team. You may also need to do this if you want to succeed in creating growth. New initiatives can often require the types of skills your business may not have.
If that's the case, consider how to best get the right skills for your business. Should you hire someone on a fixed contract, get a job, hire a group of experts, or should you try to find an external partner? It will depend entirely on your situation, industry and business.
Learn from the start-up mentality
Successful start-up companies are often quick to try new initiatives and then evaluate and possibly change them. In this way they are able to act faster and more smoothly than established companies. Facebook founder Mark Zuckerberg summed up the approach in the phrase "Move fast and break things", which for several years served as a mantra for the company.
This approach can give you a quicker indication of whether you are on the right track than if you were to take slow, detailed steps and then find out that you were wrong. Therefore, it could make sense to work fast, even if you have a company with years of experience. Obviously, however, individual actions do not pose significant risks to your business.