For an established business, growth can create as many questions as opportunities.
How do you find the right customers? Build the capacity to serve them? Finance the next stage of growth? And how do you make sure your leadership team is prepared for what comes next?
Scalerator NEO is designed to help business leaders answer those questions and turn growth ambitions into action.
Applications are now open for the next Scalerator NEO cohort, beginning with an in-person gathering in December. The seven-month program brings CEOs and members of their leadership teams together with expert faculty and a small cohort of fellow business leaders to focus on the three areas essential to sustainable growth: Customers, Capacity and Cash.
And there is strong evidence that the approach works.
Independent research found that five years after completing Scalerator NEO, participating companies achieved employment growth 43 percentage points higher and sales growth 23 percentage points higher than comparable Ohio businesses. The study also estimated that growth associated with Scalerator NEO has supported 2,830 jobs and generated nearly $178 million in economic activity across Ohio.
Scalerator NEO is seeking growth-minded companies that:
- Are based in Ohio
- Generate approximately $3 million to $15 million in annual revenue
- Employ approximately 10 to 200 people
- Are led by a CEO or president with significant ownership in the company
- Have the potential and motivation to grow through repeatable, sustainable strategies
Participating leaders must commit to attending all workshops, involving key members of their leadership team in designated sessions, and engaging with fellow participants between workshops. Companies from all industries are encouraged to apply.
There is no cost to participate. Scalerator NEO is fully funded by Burton D. Morgan Foundation with support from the Richard J. Fasenmyer Fund.
Know a company that should be part of Scalerator?
Some of the best candidates for Scalerator NEO come through people who know firsthand what the program can offer.
If you are a Scalerator alum, partner, advisor or member of Northeast Ohio's entrepreneurial community, we are asking for your help. Think about the companies and business leaders in your network. Who is poised for growth? Who has built a strong business but could benefit from new strategies, outside perspective and a community of peers as they determine what comes next?
Send them this article, encourage them to apply, or make an introduction to the Scalerator NEO team.
Up to 12 companies will be selected, with applications reviewed on a rolling basis. If your company is ready for its next stage of growth, now is the time to explore Scalerator NEO.