For any business to make it — let alone, grow — it has to move with speed and velocity in the marketplace. Despite this, many entrepreneurs can’t pinpoint where they’re going wrong. If that sounds like you, I will show you where to look and how to resolve what’s holding you back…
3 Things Holding Back Your Business
Don’t worry if your company feels stuck. I had the same obstacle finding the momentum to expand for years.
IN FACT, I DON’T RECOMMEND YOU FOLLOW THE STEPS I TOOK DURING MY FIRST 25 YEARS IN BUSINESS!
Only in the past few years have I realized that it was my mixed-up priorities holding me back…
I don’t want you to waste years of time and potential income. With that in mind, these three issues are what you need to expand while others contract.
Focusing Solely on the Bottom Line
In tough markets, companies become more worried about revenue. Execs and accountants scramble to find ways to cut the fat.
HOWEVER, THIS IS BACKWARD TO THE REAL SOLUTION TO THE PROBLEM.
Ultimately, you can only eliminate so many expenses before it begins holding back operations…
On the other hand, there is no limit to the additional sales you can make.
For that reason, worry about the bottom line at the end of the month, quarter, or however you assess it.
In the meantime, do everything you can to generate more sales. And, that might mean you gotta bring on some manpower…
Making Hiring Mistakes
A massive misstep I made at the beginning of my career was trying to do everything alone.
I believed I was being smart and saving money. However, I was only adding to the amount of time it took to blow up my brand.
YOU’RE HOLDING YOUR OWN BUSINESS BACK BY NOT HIRING ENOUGH PEOPLE — OR WORSE, NOT HIRING AT ALL.
No matter how you look at it, it is impossible to get to the next level without more hands on deck.
Yet, growing your team won’t do any good unless they and you have enough wherewithal to close more deals.
Having Little or No Persistence
Believe it or not, the first two were the easy part. In my experience, the only way to get through what’s holding you back is pure force…
THE GREATS OF BUSINESS DO WHATEVER IT TAKES TO SUCCEED AND HAVE INCREDIBLE PERSISTENCE.
How do you develop the muscle to stay late…
Make the extra phone call…
To ask for the close over and over again?
Mainly, that comes from grit and commitment. Those things I can’t help you with. But, tools make the grind feel smoother.
And, tools I got…
How to STOP Holding Your Business Back
As I mentioned, I was holding myself back for my first two decades as an entrepreneur…
I refused to invest money to grow my company. I wanted to do everything by myself. And, there were times I settled for less.
What I should have done earlier was get into environments to learn new strategies from people who succeeded.
People don’t realize how much courage and risk it takes to be a business owner. That alone tells me you have the potential to make it.
Stop holding yourself back.
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