Growing a business for the sake of growing a business

Grow. Grow. Grow. If you aren't growing your business, then your business is most probably shrinking. These are common statements many business owners hear - but are they correct? Are there reasons not to grow a business? Some of the questions you should ask yourself as a business owner include what the goal of growing is and what is the best outcome if you grow your business. Many owners think they want to grow their business and talk about it, but when it comes down to - why bother? Individuals rarely start a company with a perfect plan and exit strategy. As a business grows, owners need to consider the reasons for growth and what they expect to get out of it. Some owners want to become investors, and others simply want a job. Knowing what you are working towards and how growing your business will help you get it is helpful.

 

Watch this episode on YouTube:

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Cash Flow Quadrant for Business Owners

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