Thursday, October 4, 2012
Why Has the Growth of Your Business Slowed Down and What to Do About It
Many owner operated businesses grow quickly in their early days but more often than not they reach a plateau. Growth slows, if there is any at all, and profits do too. Many business owners are happy with this, or say they are, particularly if the business is generating enough profit to be comfortable. The problem is that while your business is standing still, others around you are growing theirs. So ultimately, you start to lose out to the competition. You lose market share or your unique identity or employees, etc. And then you have to work twice as hard to keep up. This article describes some of the constraints that cause this to happen, and what to do about it.
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