Download Your Business, Your Future: How to Predict and Harness by Linda Hailey PDF

By Linda Hailey

Breaking down the company development cycle into 4 phases, this reference is helping small enterprise operators to higher are expecting and plan for upcoming demanding situations. even if a enterprise is mature or simply starting, this publication might help proprietors improve their companies and turn into quicker and extra effective in facing difficulties. Revealing the shared experiences of enterprise operators in every one of the four levels of the enterprise progress cycle, this commonsensical guide provides a blueprint for achievement.

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Extra resources for Your Business, Your Future: How to Predict and Harness Growth

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She billed $25 000 in her first month and went on to achieve revenue of $350 000 in her first year. For most of us, however, this is a dream scenario. The lack of money is incredibly stressful. You lie awake at night worrying about how you are going to pay the bills. You may also be forced Your business your future 4/5/06 12:28 PM Page 29 start-up 29 to ‘make do’ with equipment and resources. This can be particularly difficult for perfectionists who want to be as professional as possible from day one.

There are a number of common scenarios behind failure during Start-Up: • The product or service was too similar to existing products in an already saturated market. • The product was not of the quality demanded by the market. • The right product was targeted at the wrong market or not adapted to maximise its appeal to the market. • Lack of a target market and a reactive rather than proactive approach to sales. Start-Up businesses can fail even when they have the right product for the right market at the right time.

The lack of money is incredibly stressful. You lie awake at night worrying about how you are going to pay the bills. You may also be forced Your business your future 4/5/06 12:28 PM Page 29 start-up 29 to ‘make do’ with equipment and resources. This can be particularly difficult for perfectionists who want to be as professional as possible from day one. There are a couple of tricks to coping with the stress of little or no money. The first is to keep a very close watch on your finances to see how the money actually moves through your business.

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