If you are wondering if your new business is going to make it, this article will help you clearly navigate what is likely to be some very difficult decisions for you and your new business. If you haven't started your new business yet, but you are considering it, I believe you'll find this article incredibly helpful as well. I'm going to be painfully honest with you because if you choose to proceed, you need to know what you'll be facing. Before that, though, you could probably use a little hope right now.
Every business starts in Early Struggle. It is an existential fight for survival. It's like a ship setting off for its maiden voyage during a hurricane. Almost everything you do, you're doing for the first time. The learning curve is steep, but you have push through and fast. In this article, we'll show you exactly how to do just that.
There are six common traps that founders and entrepreneurs unknowingly fall prey to during the early days of their new business. The first step to avoiding them is knowing that they exist.
Do you ever just wish you could see around the "next corner" for your business? Have you ever been blindsided by a major challenge that seemed to come out of nowhere? But in hindsight, you realized it had been brewing for a long, long time; you just didn't see it coming.
One common misconception leaders have is to believe they can scale their business by doing more of what they've always done. Pivot. Say yes. Save the day. Then, do it all over again. However, growing and scaling are two completely different challenges.
Where does growth come from, incremental gains, or quantum leaps? There are so many articles written on this question, and they come to virtually every single conclusion. I'd like to take a moment to try to explain why the answer is "YES" and what that means for your business.
How do you decide who you let in influence the vision and direction of your company? I'm not just asking about ownership, but on other issues like leadership, decisions, advice, and authority, who do you allow inside?
If your business growth was once booming but has since slowed, where do you think you should look first? Pricing? Nope. Costs? Nope. Marketing content? Nope. You may have problems in all three of these areas and probably have a lot of problems in other areas too.
For the first time in a long time, the growth seems to be slowing. Executing on decisions feels more like struggling through a muddy swamp than the perpetual march forward you used to have. Things seem complicated and confusing. What was once a well-oiled machine is slowly, painfully grinding to a halt. Here's how you can fix it.