Let’s talk about business growth for second. Growing your business has become one of those cliché phases in the world of business. Everyone says they want their business to be bigger, faster and stronger but when you cut right to the bone, very few people are taking the necessary steps to actually grow their business.
Inc. puts out its annual Inc. 5000 list of the 5000 fastest growing private companies in the United States. In the most recent version of this list a business named ALL4 ranked 5000th on that list with 34% growth over 3 years. Over 3 years they increased their revenue from $3.5 million to $4.7 million and they added 9 jobs.
“I’ve got a business for sale. One verified, certified, legitimized business for sale. This is a can’t miss opportunity. Once in a lifetime. Once in two lifetimes. Never going to see a chance like this again. Forget that franchise. Drop the new business ideas. This is the business opportunity for you.” So now that you have one of the best companies in Grand Rapids, MI what do you do?
Developing a new business idea or buying a business opportunity is the easy part. While it can be stressful, overwhelming and seem like it might never come together, this is only a relatively small part of the process of being a business owner. What you do after determines the success or failure of your business venture. I am often asked “what is the best advice for a business?” Is there a secret to the business plan or special small business grant or something to business management?