Exciting insights on how a business was coached to grow by 10X in 6 months – Part 2

Going further on the conversation around having the synergy of synergies, it’s important to know how synergies work. What conditions need to be met for you to really have synergy?

To achieve synergy, several vital elements or concepts need to be present:

1. Shared Goals: All parties involved must have a common goal or objective that they are working towards. This helps to align their efforts and ensure everyone is working towards the same outcome. For the synergy effect to be achieved, there have to be shared goals.
2. Diversity: Synergy is often achieved when diverse perspectives, skills, and experiences are brought together. This diversity can help to stimulate new ideas, approaches, and solutions. When the people, things or ideas that are coming together are very similar, what is achieved is regular addition, not synergy.
3. Collaboration: Collaboration and teamwork are essential for achieving synergy. It is important that everyone works together, sharing ideas and supporting each other to achieve the desired outcome. Collaboration is each component deliberately contributing what they have.
4. Open Communication: Effective communication is key to achieving synergy. All parties involved should be open and honest in their communication, sharing ideas, feedback, and concerns openly and constructively.
5. Creativity: To achieve synergy, thinking outside the box and coming up with creative solutions is often necessary. This requires a willingness to take risks and try new things. Some people are perceived to be naturally creative or more creative than others, but at the end of the day, being creative can be a proactive choice.
6. Continuous Improvement: Synergy can be achieved through continuous improvement, where small, incremental changes are made over time to improve processes, products, or services. We are compounding every time we take feedback on something, review it, and make it better. When we compound what we have already compounded, we experience the same results with synergies.

Overall, achieving synergy requires a combination of shared goals, diversity, collaboration, open communication, creativity, and continuous improvement. When these elements are present, individuals and organizations can achieve remarkable results that would be impossible to achieve on their own.

In the 3rd part of this discussion, I will share with you a practical case study that involved all these elements in creating 10x growth in 6 months and tips on how you can also be supported to achieve this with your business.

Are you ready?

Kind Regards,

Adeolu Akinyemi.