- Determine exactly what stage of the growth cycle your business really is.
- Focus on the right objectives to move to the next stage of the growth cycle.
- Learn what you need to know to lead your business through the necessary stages of the growth cycle to realize your vision for business success.
First, you must understand if your small business growth does not reach the “self-sustainability stage” of the growth cycle, you will always be enslaved by your business! To get there you need to start Tuning Your Revenue Engine. By doing so, your business will work for you instead of you working for your business. This process allows you to assess exactly where your business is and what you have available to move forward with your business success. You can find out more about Tuning Your Revenue Engine by watching this short overview video via the link.
Once you understand where your business is and what you have available for business growth, it becomes easy to compare this to the small business growth cycle to determine at what stage your business is at. The article, “At What Stage is Your Small Business Growth?” will give you a brief overview of the stages. DE, Inc. also offers a small business growth matrix FREE of charge. This matrix details all the information you need to know about each stage of the growth cycle to begin developing your transition plan moving forward.
Finally, with an understanding of your business and where it needs to go, it’s time to take a hard look in the mirror. What changes do you need make in yourself in order to complete your journey to success? The article “Leading to New Horizons” will provide you with a better understanding of why you need to change to lead your business where it needs to go. If you need help with this DE, Inc. offers a Personal & Business Goals Assessment service that can assist you in getting in touch with your passion again.
Now that you know what to do the next step is yours. You didn’t start your business to get where you are right now! Follow the steps outlined here and you’ll be on your way to improved performance.