Nine ICR Growth Principles Foster a Culture of Improvement in Businesses
Nine ICR Growth Principles Foster a Culture of Improvement in Businesses
2 min. leestijd

Nine ICR Growth Principles Foster a Culture of Improvement in Businesses

For most small and medium-sized enterprises (SMEs), governance is something far away. In other words, measures of good governance are not yet part of daily practice. Particularly explosive growth and/or external demands, for example from an external financier, have changed this to date. Especially to make the likelihood and impact of risks manageable. Oddly enough, because fundamentally every entrepreneur wants to be successful and certainly not fail. Thus, corporate governance aimed at SMEs is actually relevant for every entrepreneur: it is about having control over realizing entrepreneurial ambition. And there's quite a lot involved. Therefore, we will be paying ample attention to this unexplored area in the world of the entrepreneur in the coming period.

Today, Route ICR shares the fourth article from the series 'How to practically implement SME governance'.

Nine ICR Growth Principles Foster a Culture of Improvement in Businesses

Amsterdam, August 25, 2021 – Entrepreneurship is simple. However, the hardest thing is to keep entrepreneurship simple. But why is that? Let's discuss this in the coming period. We will also explore how this problem can be solved. Today, Route ICR shares the fourth article in the series 'How to practically implement SME governance'.

In our previous articles, we explain that you can learn to be a successful entrepreneur. Learning by doing. And you maintain focus and overview by working from a single figure, your company's ICR. To be successful in business, you work and grow together with your team. Growth here stands for progress. Better first, then bigger. In that order and by applying the nine ICR growth principles. Because with these pillars, the fear entrepreneurs have of employing (more) staff diminishes.

Building a Top Team

Especially from the perspective of professional sports, we understand the importance of collaboration. A clear vision, common goals. A shared approach. Automatisms and built-in certainties in execution. Holding each other accountable for undesirable behavior and opportunities for improvement. Implementing improvement actions. Completely logical principles to form a top team. The 9 ICR growth principles are therefore mainly aimed at developing highly intuitive teamwork. Because the same principles that work in professional sports fundamentally work in the business world.

Strengthening Team Intuition is a Core Task

A highly developed team intuition aids in effective and efficient business operations. And that's absolutely necessary if you want to progress with your business. The condition for team intuition is trust. You achieve this by creating mutual expectations and organizing the business accordingly. This implies that trust is a leadership risk. In other words, if I, as an employee, don't trust my leader, who is the entrepreneur, it affects our company's performance.

Shared Vision as the Starting Point for Strategy

Next, a team only mobilizes when vision and support converge. The power of repetition ensures that people truly understand the vision, make it their own, and thus create support. From the vision, we derive which strategy we will follow to achieve our goals.

Control Over Your Business, Control Over Your Entrepreneurial Ambition

Working on a clear shared vision and translating it into all aspects of your business is an ongoing growth process. In fact, it's essentially a dynamic business plan that you continually improve. This creates a culture of improvement and gives you control over your business. Ultimately, this also helps you realize your entrepreneurial ambition. Thus, the nine ICR growth principles contribute to the implementation of SME governance in practice!

Over de schrijver
Entrepreneurs take risks and are incredibly important for our economy. Unfortunately, a good balance between work and private life is often lacking. It is precisely this that drives Paul Joore to have a positive impact on the lives of entrepreneurs and contribute to their success. Paul is the ambitious founder of the online Route ICR platform for successful entrepreneurship. He is also the author of the entrepreneurship book ‘Succesvol groeien doe je zo!’ (Successful Growth, How to Do It!). "I believe in setting seemingly unattainable goals. Challenging oneself, innovating, and constantly improving. Supported by a well-structured organization." Paul has tens of thousands of flight hours in the business world, with a background as an entrepreneur, coach, interim manager, and former chartered accountant. Always focusing on realizing challenging goals as effectively and efficiently as possible: in other words, being successful through being inControl, in the entire process from true ambition to result. This only works by thinking, planning, and acting from a goal-oriented structure. In the SME sector, there was a lack of knowledge and experience in this area, and well-thought-out solutions were not available. Therefore, Paul decided to create this himself. In many SME businesses, the 'madness of the day' reigns. As a result, entrepreneurs are not inControl when it comes to achieving goals, let alone challenging ones. Therefore, they also do not realize their true ambition. Worse, for many, this ambition is not even crystal clear. And how can you work towards a goal without having a real one? Logically, there can also be no balance between work and private life. And no balance means no rest. So, the Route ICR web app helps entrepreneurs and teams to be inControl in the entire process from ambition to result. With the ICR "InControlRating" of your business as a growth compass. Very clear and handy to know through one number how your business is and will be doing. So you know whether you will achieve your goals and be successful from this starting point. And if the score is disappointing, you also know what to work on to improve. This way, you gradually work towards a better balance in your life, feel good about yourself, and have a positive mindset! Are you curious? You too can experience the Route ICR web app for 14 days free of charge, without obligations!
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