7 Ways to Prepare Your Business For Growth

business growthI want to share with you 7 actions that business owners must take in order to prepare their businesses for growth. Maybe you have hit a plateau and are struggling to overcome the next barrier of growth. Use the strategies on this list as a way to jump start you business back into success!

Take responsibility

You are responsible for the direction of your business. The good, the bad, and the ugly – your business is what you have made it. The good news is that if you want it to be different, you have the power to do things differently, and thus get different results.

Face reality

Nobel Prize Winner Richard P. Feynman once said, "The first principle is that you must not fool yourself, and you are the easiest person to fool."  Be honest with yourself about what's working and about what's not working in your business. Get clear on current reality.

Determine to overcome fear

Mark Twain said, "I am an old man and have known a great many troubles, but most of them never happened.”  Don't let negative talk or a slow economy overwhelm you with anxiety. Commit to live with courage, and then take action to move your business forward.

Budget, budget, budget

I like to set quarterly budgets in my business with realistic cash flow projections. Remember, cash is king!  Cash is to your business what fuel is to your car. Learn to operate by a budget to make sure you control expenses and do not run out of cash.

Work on yourself

Develop yourself as a business leader. Get some training and plug into a proven coaching program like The Growth Coach Strategic Mindset Program. Read or work on your time management. Make yourself accountable to someone for personal and professional growth. Remember, if nothing changes in you, very little will change in your business!

Create a to-do list

Take action right away to move your business forward today, this week, and this month. What will you do next? Create a list of actionable items and get them done.

Create a Business Growth Plan

Yogi Berra said, "If you don't know where you're going, any plan will do."  However, if you take the time to get clear about your vision, and create a realistic, actionable plan, chances are that you will achieve your goals. It's never too late to start doing some planning for the upcoming year. You now have a golden opportunity to make the rest of this year prosperous and dynamic. But it will probably not happen without the right mindset and a good plan. Let us help you succeed by scheduling a FREE Strategy Session to help you create a plan tailored to your business!

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