5 Ways To Know You’re Ready To Grow Your Business
5 Ways To Know You’re Ready To Grow Your Business
Often times people ask me; How do I know if I am ready to grow my business and, how do I get started? I want to share with you 5 things to ask yourself. If you answer YES, to these I would love to schedule time to connect and discuss ways to catapult your business in the New Year!
Do you own and operate an ongoing active business?
2. Are you generating all of the direct billable hours for your business?
(No one else but you is leading the effort to bring money into the business) and you don’t have time to manage the back-office needs of your business including; Accounting, Payroll, Human Resources, Legal, and marketing. This is what I refer to as the development phase of your business growth.
3. Are generating less than one fourth of the total billable hours for your business? (other individuals are leading the effort to directly bring money into the business) and you have the appropriate level of back-office support (in-house and/or contracted) staff managing the day to day operations of your business.
4. Do you have a patented technology needing angel/venture Capital Investment?
5. Are you generating net profits and looking to sell your business or you want to have a valuation performed to determine the current market value of your business?
If you can answer YES to these questions, I look forward to connecting and discussing ways that we can help you reach your goals!