Write your plan, plot where you think you are today and where you want to go, save the hot air for ballooning
Decisions are easy compared to making things happen.
A big decision business owners have to make is whether to expand their businesses or stay the same. Some are start-ups, some have been in business for years and some would like to be bigger, but the owners can’t figure out how to make the leap. There was once a saying that if you stayed the same, you were, in fact, going backwards.
Use the diagram to plot where you are and where you want to get to.
Most people want their business to grow, but it’s not always easy? You need more employees, more money, and different management skills, a business won’t grow very much without these three things.
As the business grows, so does the need for new skills, it’s about learning the skills required to manage a growing business. The skills are different in a home based business to when you have 5, 10, 20 and 50 employees. You have to figure out how to manage more and more employees as the business grows.
“They always say time changes things, but you actually have to change them yourself”. Andy Warhol
You don’t have to be obsessed with growth, but you do need to decide what is really important to you, the business, your family, your hobbies and so on, because something has to give.
Success at any level of business comes through focusing your time and resources on what you have a burning desire to achieve.
Dedicated accounting software allows for real-time visibility of performance, growth and cash flow, areas that are important to any business, big or small, but they are most critical to high growth businesses.
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Many business owners decide where they are at, is right for them. They don’t want to make their business any larger.
If that is what they want, then that is what they should do, as long as it is viable in the long run. Try and aim for the optimum size you would like your enterprise to finish up.