1 Essential Tool to Help You Grow Your Business!

By Rafael Caamano, BBA, MBA

Congratulations on seizing the opportunity to enhance your business through the UCF Business Incubation Program. In this program, you have access to various resources tailored to support your entrepreneurial journey, from coaching and networking to press releases and media support. Today, I want to highlight GrowthWheel, an invaluable tool available to you for business growth. This visual toolbox and cloud-based platform are specifically designed to facilitate decision-making and action-taking.

GrowthWheel operates on the fundamental premise that every business owner encounters diverse challenges and opportunities. Therefore, it is imperative to methodically assess the situation, establish priorities, make informed decisions, and take decisive action. This approach is fundamental to achieving sustainable growth.

Here’s what you can achieve with GrowthWheel:

  1. 360-Degree Business Perspective: Gain a comprehensive view of your business, enabling you to make well-informed decisions.
  2. Access to Over 100 Decision-Making Tools: Utilize a vast array of tools to navigate complex business scenarios effectively.
  3. Tailored Frameworks for Diverse Challenges: Access frameworks customized to address a wide range of challenges, ensuring a targeted approach to problem-solving.
  4. Goal Setting: Define clear and achievable goals to guide your business strategy.
  5. Document Management: Organize and store essential documents securely, streamlining your workflow.
  6. Accountability: Stay accountable to your objectives and milestones, fostering a results-driven approach.
  7. Financial Overview: Create a comprehensive financial snapshot of your business, aiding strategic financial planning.

GrowthWheel is utilized in over 70 countries globally, and the best part is, it comes at no additional cost. It serves as a straightforward checklist, guiding you to identify the most critical aspects of your business. 

The next time you interact with your Site Manager, don’t hesitate to request an introduction to GrowthWheel. Start by conducting a simple 360-degree business assessment, which will effectively map out the areas you need to focus on for your business’s success.

The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training, and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has provided vital business development resources resulting in over 300 local startup companies reaching their potential faster and graduating into the community where they continue to grow and positively impact the local economy.

With nine facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Lake, Orange, Osceola, Seminole, and Volusia Counties, and the cities of Eustis, Kissimmee, Orlando, and Winter Springs. For the 2017/2018 fiscal years, the activities of these participating firms have helped to sustain more than 6,725 local jobs and have had a cumulative impact of over $725 million on regional GDP and over $1.3 billion on regional sales. During the same period, the program has returned more than $12.00 in state and local taxes for every $1.00 invested in the program. In addition, for every $1.00 of public investment, the firms also produced $118 of additional regional GDP and $226 of regional sales. For more information, visit  www.incubator.ucf.edu.