Carbon Fibre Manufacturing: Business Growth Strategies

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Questions and Answers

What type of business does Liam Wall's company operate?

  • Carbon fiber manufacturing (correct)
  • Real estate
  • Marketing and advertising
  • Software development

Liam Wall joined the Sparks team more than six months ago.

False (B)

What was Liam struggling with before joining the program?

Managing a growing team

Liam needed structures and systems because things were falling through the ______.

<p>gaps</p> Signup and view all the answers

What is Liam planning to shift his company towards?

<p>Sales-based model (A)</p> Signup and view all the answers

Liam found the program to be a waste of money.

<p>False (B)</p> Signup and view all the answers

Whom does Liam contact for assistance and support?

<p>Sarah Bennett</p> Signup and view all the answers

The biggest takeaway for Liam was planning for a ______.

<p>recession</p> Signup and view all the answers

Liam appreciates being part of a broader community because he feels:

<p>Supported (D)</p> Signup and view all the answers

Match the following:

<p>before = struggling to reach now = can comfortably reach hesitant = bother successful friends happily = contact Sarah</p> Signup and view all the answers

Flashcards

Structures and Systems

Structures and documents that provide clear direction for the team, improving management and efficiency.

Upper End Support

Upper-level assistance that strengthens the company without adding liabilities or unnecessary labor costs.

Recession Planning

Considering and preparing for potential economic downturns to strengthen the company's resilience.

Access to Expertise

The ability to quickly consult with knowledgeable individuals for advice and solutions.

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Moving to Sales-Based

Transitioning from offering services to selling products, which involves addressing new challenges.

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Study Notes

  • Liam Wall is involved with a carbon fibre manufacturing company.
  • Wall has been with the Sparks team for three months and has recently joined the boardroom.
  • Wall was looking for structures and systems to manage his growing team.
  • The Sparks team provided the necessary structures and documents to give clear direction to the team.
  • Upper end support was added for Wall, which transformed the company.
  • The company is now more focused and can reach goals that were previously difficult to achieve.
  • A key takeaway from the event was planning for a recession, which will fortify the company.
  • Wall appreciates being part of a broader community where he feels supported.
  • He can easily contact Sarah Bennett for advice and receive a quick response.
  • Joining the boardroom section is seen as an obvious and clear investment compared to other company outlays.
  • The next stage involves moving into more sales-based activities, as the company is currently service-based.

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