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What should a growth strategy help you decide?

A useful growth strategy helps you choose where to put your attention, people and money, and what to leave for later.

By Christopher Gaube · Founder, Changent

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The short answer

A growth strategy should help you choose which customers and opportunities to pursue, why those choices make sense and what they will require. It should make the tradeoffs visible and identify the evidence that would cause you to reconsider. The value is in the decisions it helps you make.

Start with a decision you can name

“We need to grow” describes an ambition. To make progress, turn it into a question you can work on.

Should we invest more in the customers we already serve? Is there a different audience that values our offer? Does the offer need to change before we ask marketing to bring in more demand?

Choose the question that matters now. Identify who will make the decision and which constraints, such as capacity or capital, need to shape it.

Separate what you know from what you hope

Look at what customers say, what they buy and what it takes to serve them. Review the information already available before commissioning more research.

A promising audience may be expensive to reach. An attractive offer may ask more of the team than it can deliver. Those details belong in the decision. Where evidence is missing, name the assumption and decide how you could test it.

Write down what would change your mind

Before committing more time or money, put four things on one page.

  1. The choice: What are we choosing to do, and what are we putting aside?
  2. The assumption: What needs to be true for this choice to make sense?
  3. The evidence: What would increase our confidence? What would make us reconsider?
  4. The review: Who will gather that evidence, and when will we look at it together?

Consider an illustrative situation: a new audience shows interest, but serving it requires more support than your team can provide profitably. That could change the offer, the timing or the decision to pursue it. This is not a client result. It shows why the evidence needs a chance to change the plan.

Ask for an output you can use

A decision brief, positioning recommendation or roadmap can each be useful. The format should follow the work.

Before an advisory engagement starts, agree on what the output needs to help you decide. Ask that it distinguish evidence from assumptions and explain why one option is recommended over another. You should be able to understand the tradeoff and challenge the reasoning.

Give the next step an owner

Once you choose a direction, identify the first action, the person responsible and the resources they need. Set a point to review what you are learning.

Clarify whether the advisor is handing over a recommendation or staying involved. At Changent, ongoing marketing leadership is a separate fractional CMO role. That distinction helps keep a useful strategy connected to work someone can actually carry forward.

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