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Are You Sure You Really Want Rapid Growth?

Are You Sure You Really Want Rapid Growth?

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.…

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3 Goals in the Correct Order Creates Business Growth

3 Goals in the Correct Order Creates Business Growth

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.  All small business owners should be focused on accomplishing 3 things and in this order:

  1. Breakeven
  2. Profitability
  3. Scalability

You see business growth is systematic. …

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3 Reasons Entrepreneurs Struggle Financially

3 Reasons Entrepreneurs Struggle Financially

Any entrepreneur will tell you one of the biggest issues that they struggle with is having enough financial resources to accomplish their business goal.  This is because a business cannot exist without this resource, but many businesses don’t have enough to accomplish what is required.…

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Is Your Company READY to Achieve the Success Stage?

Is Your Company READY to Achieve the Success Stage?

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. …

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4 Keys to Creating a Profitable Business

4 Keys to Creating a Profitable Business

We’ve all heard the statistics: 7 out of 10 new employer firms survive at least two years, and about half survive five years.  According to the SBA statistic reported by SCORE in 2008 there were 627,200 new businesses, 595,600 business closures and 43,546 bankruptcies.…

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At What Stage is Your Small Business Growth?

At What Stage is Your Small Business Growth?

As introduced in my previous posting, The Search for Growth Continues, I concluded that a 5 stage model for your small business growth, much like the one described by Neil C. Churchill and Virginia L. Lewis in their Harvard Business Review whitepaper entitled The Five Stages of Business Growth, would be the easiest for most small business owners to understand. …

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The Search for Business Growth Continues

In a previous post, So You Want to Grow Your Business?, I shared some of my general findings in recent research I have conducted in small business growth models.  While many of the models and writings came in many different shapes and sizes, they all had certain very similar characteristics. …

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