Build Your Growth for Business Self-Sustainability
Business self-sustainability should be the goals of every business whatever your stage of growth. Growth without a purpose is a road that leads to nowhere. Business self-sustainability provides:
- Freedom from being tied to your business day-to-day.
- Financial independence by providing you with a passive income.
- Increases your business’ value by accelerating revenue, decreasing costs and risk, and increasing profitability.
- Assures your business is always ready for sale, as the market will dictate when it’s time to sell your business not you!
This blog is covers the topics which influence business growth and business self-sustainability a major way. Some of these topics you may familiar other, but you will see them from a very different perspective.
Others topics you may not have ever heard of before. We ask you to ask the question of why others that may be advising you have not told you about these things. It’s probably because they don’t understand the importance of these items to a business growth, or don’t have a necessary knowledge of how to build business self-sustainability.
Take a moment to browse some of the articles and let us know what you think. We’re sure that you will find something new that will challenge you to think about your business differently!
There is a lot here. If you’re not sure where to start might we suggest that you begin in the area which best represents you and your business’ current position on the growth cycle. Or, if take a look at our frequently asked questions. This may spark a direction that will lead you toward you original goal of independence and financial freedom which was your reason for taking the leap of faith when you started your business or as you begin the journey. We would be honored to join you along the way!
Business self-sustainability is one of the key topic I write about regularly. That’s because there are so many benefits that you get by focusing on business self-sustainability.
I constantly get feedback and comments on how much sense the DE, Inc. SPARC process and our approaches to business growth and business self-sustainability make for small business owner.
The success stage of the small business growth cycle is a tipping point for your company but many entrepreneurs don’t even realize it.
In my last post titled 4 Owner Objectives to Achieve the Success Stage of Business Growth we explored success stage. I talked about the 4 areas that an entrepreneur/owner needed to focus in the following 4 areas for the business to achieve the success stage:
- Owner Goals
- Operational Abilities
- Managerial Abilities
- Strategic Abilities
Of these 4 the Owner’s Goals is the most critical as it provides the constraints on which the business plan is built.
In the post Small Business Growth Simplified I reintroduced Churchill and Lewis’ small business growth model. In it they describe how 2 sets of factors (owner and company factors) impact a business’ ability to grow.
Getting business funding is always difficult. But, add the banking challenges of recent years and it only makes it harder!
The truth is banks are still lending.