Is There A Hole In Your Business? Maybe…
by Steven Downward in An Entrepreneurs StoriesI’ve pretty much said it all in the video so check it out…
Now I know that so many entrepreneurs miss massive areas in there business. For me it was marketing. That’s what I missed. It took me years of being learning and thinking I was building a business to get the the fact that I missed a major piece, marketing.
But don’t think for a second that marketing is the only piece to business that people miss. Usually people don’t pay any attention to their finances. People tend to think that the solution to their money problem is to earn more money. This some times is the answer but often it’s just the management of the money that’s the real problem.
This might be the area that you’ve fallen into but then again you could be like me and you’ve fallen into the trap of not really marketing your business. But either way, your business could have a massive hole in it.
So look at your business. Really take the time and look at it as a whole. Are there some holes? Is your business not where you want it to be and if so, why not? And when you figure out where the hole is go out there and fix that hole. Maybe you need to take a business finance course, or learn to market, or hire a professional that can fill that hole and make your business stronger. But do something.
If you don’t act on a hole that you find in your business, then the business will die. It might not be today or tomorrow but without fixing the leaks the ship will sink. Believe me, I’ve seen it.
I’ve watched someone that had a business where their biggest week was over $22,000 in revenue and in one week they lost it all. This happened because they only had one revenue stream in the business. They’d spent years and years building that business and because the business was all focused on one client they had a massive hole. One day that client did some changes and this guys massive business came tumbling down like a ton of bricks.
I know that you don’t want to go through that experience. So find the holes and fix them now.
You’ll be grateful that you did.
Talk later
Steven Downward
PS: I don’t know if you’ve noticed any holes that you might have in your business just in the time that you’ve been going through this but if you have, this is a good thing. It’s good because now you can deal with it. If you didn’t know about them, the problem would just get bigger and bigger.
Now act on this hole. Go out there and find the solution. Figure out what you need to do or learn so that this hole is patched up. You might need to hire an expert or you might need to take a course. But either way, DO IT!!!
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Tweets that mention Is There A Hole In Your Business? Maybe… -- Topsy.com
16. Jan, 2011
[...] This post was mentioned on Twitter by StevenDownward. StevenDownward said: Is There A Hole In Your Business? Maybe… http://bit.ly/hrOaDt I know that there was in mine and when I fixed it, the business took off. [...]