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!
Often the terms succession planning and exit planning get used interchangeably. However, there is a definitive difference between the two. It’s important as a business owner that you understand the difference.
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.
In order to achieve success in any small business you must pass through several stages along the way. You cannot skip a step.
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.
Consistent profitability is the goal of the survival stage. So, your focus operationally needs to be increasing efficiency and productivity.
If you can do what you do faster, you can improve cash flow which in turn helps profitability.
4 Questions for Building a Powerful Sales Plan
Ok, so last week I looked at 2 Things That Keep You Out of a Sales Crisis.