Q: What is System for Integrated Growth?
A: The System for Integrated Growth is a research-based program that provides virtual access to information tailored to your specific needs. In partnership with the Edward Lowe Foundation, accepted companies are provided up to 34 hours of business assistance focused on strategic growth issues.
Q: What is a second-stage growth company?
A: The definition of a second-stage growth company can vary somewhat, but it typically refers to a company that has grown past the startup stage but has not reached the point of maturity. It is also a company where the CEO is transitioning out of total control and into a more strategic role while professional managers are added to run key parts of the company. The firm still does not have the capacity to retain a full-scale professional management team. In Louisiana, a second-stage growth company is one with five or more employees, but not more than 100, and has annual revenues that exceed $600,000 but are less than $50,000,000.
Q: What is the cost to participate?
A: There is no cost to participate in the System for Integrated Growth.
Q: What are the services offered through the System for Integrated Growth?
A: Through accelerated technical assistance and research, an experienced team of experts in their respective fields will provide customized services tailored to meet individual business needs. Following an initial Needs Assessment call where the CEO outlines their current strategy and needs, the SWAT Team of experts begins to provide research reports, best practices and data for the company to implement within its growth strategy. Research areas include digital marketing, human resources, supply chain, market research, sales, finance, geographic information systems (GIS), operations, and succession planning.
Q: How long does the program engagement last?
A: The entire engagement lasts between four and six weeks on average. The length of time is usually determined by factors such as complexity of the issues, availability of relevant research information, and CEO involvement and availability.
Q: How much time should I plan to dedicate to this engagement?
A: Many of the CEOs we have interviewed after their engagement have told us that they spent between ten and twelve hours directly involved in the process.
Q: What is the System for Integrated Growth and how can it help me as the CEO of a growing company?
A:The System for Integrated Growth (SIG) is an innovative program that addresses small business challenges that impact growth, whether they are internal or external problems. SIG is ideal for companies at pivotal points. For example, even though your company is growing, you may feel overwhelmed – you don’t know what you don’t know. You may need to build a senior management team, but lack employees with in-depth knowledge in certain areas. Or you may be running on all cylinders and ready to take that next step towards increased sales and new markets. Whatever your situation, SIG can provide expertise for continued success.