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 Posté le: Lun Sep 30, 2013 6:42 pm Sujet du message: Business growth: Growing without risking it all |
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{Business growth: Growing without risking it all}
Neil Belenkie,[url=http://www.moncler-sale.org]moncler outlet[/url], CEO, GrowthPoint: “the number 1,[url=http://www.moncler-sale.org]moncler down jackets[/url], overarching problem that we see in companies by far is that they can’t execute”|PHOTO © Dominic SchaeferBy Richard ChuTue Sep 10, 2013 12:01am PSTHoward Verrico has spent seven years outside the emergency room as CEO of Sirona Biochem.The local ER physician, who has also been an active venture capitalist for the past 20 years, decided in 2006 to launch his own life sciences venture.“It was a big project,[url=http://www.moncler-sale.org]moncler sale[/url], and it turned out to be a bigger project than I ever envisioned,” said Verrico. “But as the company grows and achieves new milestones, it drives you to the next step. The excitement when you make those achievements is very rewarding.” His venture capital experience and science background were valuable in launching a junior company and in finding the French technology behind Sirona. But with the company entering a critical stage in its growth, Verrico realized the company needed people with additional skills and experience.Last year, the company hired Vancouver-based GrowthPoint Group to provide strategic management,[url=http://www.moncler-sale.org]moncler on sale[/url], and by the fall,[url=http://www.moncler-sale.org]moncler sale[/url], Verrico had transferred the reins of the company to GrowthPoint’s Neil Belenkie. While some entrepreneurs might balk at the idea of giving up control over their company,[url=http://www.moncler-sale.org]moncler on sale[/url], Verrico didn’t let ego threaten the future of the company.“To be successful, you can’t just hang on and overstep your abilities and your skill set,” he said. “I’ve told investors and the other people I’m working with that this company will change; it won’t be the same company we founded and you can’t always predict how it’s going to change. A lot of companies do fail in that transition from great science to a commercial product.”Belenkie, who is CEO and a founder of GrowthPoint, noted that many companies he’s dealt with have struggled with investing in the right people or finding needed financing.In some cases he’s dealt with, companies haven’t created the right strategy to take the company to the next step. In other cases, they haven’t completed a risk assessment needed to make a calculated, educated business decision. “Too often, people will guess and will do something without having put in place a way to measure that something was good or not,” he said.“But the number 1,[url=http://www.moncler-sale.org]discount moncler jackets[/url], overarching problem that we see in companies by far is that they can’t execute. They just can’t get it done. They never finish.”At Sirona,[url=http://www.moncler-sale.org]moncler outlet[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], Belenkie was brought in to execute a new strategic plan based on an assessment they had initially been asked to do last year. Now, every week, everyone in the company is accountable for a specific goal they need to achieve that week that brings the company successive steps closer to becoming a revenue-generating life sciences company.“Forget the three-year plan or one-month plan,[url=http://www.moncler-sale.org]moncler down jackets[/url],” he said. “What must we successfully achieve this week for the company to be successful? By having that level of focus on what must get done, we reduce the risk that we won’t achieve our goals.”Investors seem to be rewarding his efforts. Sirona’s share price has recovered from a company low of $0.04 per share reached last October, rising to $0.145 as of mid-August 2013.While Verrico may have given up the CEO position of his company, the positive milestones so far this year prove the choice was the right one to make.“2013 is going to be a stellar year,” he said. “My goal is to make this company successful and I don’t have to be the CEO at that magical moment when the rest of the world deems this a success.”•Tags: GrowthPoint Group, entrepreneur, Neil Belenkie
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