Business Growth Simplified
Sluggish business performance is a pretty subjective phrase. I define it as anything that prohibits and entrepreneur from achieving their realistic business goals in the specified timeframe. There is a critical word in that definition REALISTIC. Most small business owners don’t even know if their goals are realistic or not based on their current resources. If you’re not sure then you absolutely must start with the first action.
Recent activity in my consulting business has revolved around a number of start-up companies. It has made me revisit the foundation of the small business growth cycle once again. One of the observation I that I wrote about in an earlier post titled “Is Your Startup Focused on the Right Objectives?” was how new business owners tend to get wrapped up in things that shouldn’t which distracts them from the objectives that are critical to the first stage of the growth model.
The Employee Scenarios Defined
Several events recently occurred with client businesses that have made me take a step back and really try to understand why business owners make some of the decisions that they do! For nearly a year I have been advising one client to put better employee systems in place. Well, it’s finally hit the fan!
This week we’ll look at the rapid growth stage of the small business growth cycle. I haven’t spent much time on this stage of the growth cycle because it represents the opposite of what most small businesses want in their professional life – big corporate structure.
While many small business owners say they want to grow their business.
About a week ago I received a really good article “Is there a difference between entrepreneurs and business owners?” It states what I’ve said for years as people throw around the term “entrepreneur” like it’s something that you wake up one day and decide you’re going to be one! Nothing could be further from the truth.
So, you want to accelerate startup growth. A while back I wrote an article title 4 Key to Creating a Profitable Business. In it I covered the specific objectives critical to startup companies getting out of the foundation stage and into the survival stage. The recommendations are as solid today as they were back then. I would highly recommend anyone not consistently breaking even every month to read and follow the instructions I presented there.