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.
One of the first questions I ask clients when I start working with them is “what is your strategy to exit your business?” Most of them say “I don’t know” or more frequently “I am just getting started, why would I think about how I will exit my business now?” A fair question but there is a VERY vital answer to this somewhat puzzling question.
Business growth is a challenge for many small business owners. I frequently find the reason for their struggle is they are focused on the wrong objective for their stage of business growth.
OK, so you’ve figured out that you are stuck in no-mans land. You understand the goal and objectives to achieve the success stage of the growth cycle and are working on it.
With the recent passing of Stephen Covey, of 7 Habits of Effective People fame, I have been in deep thought about the impact self-improvement has on leadership and business growth.