5 Ways to Ensure Growth: Don’t Let Your Drive Become Material
It is easy to say you are going to be one thing, but then become something else after tasting success. Money can be your best friend, or your most uncontrollable addiction. The main point of this post: don’t let it become the ladder.
Once strong flows of money are coming into your business, the craving for more success is encompassing. This is not a bad craving, it is great to want to make more money, but when greed takes over, you begin to hurt your business. There is a difference between making money, and doing what is right for your business. The way you prioritize things is essential to using money the right way.
There is a very good chance that your initial vision for your company likely began with a goal, and within that goal was making money. But it was not the only thing driving you, and even if it was, there was more to your business than dollars.
What was you driving force for starting your business?
Throwing around money is a great way to make sure at least portions of it end up in the wrong places.
If you overbear yourself with too many clients because of your ambitions to make more money, how are you going to pay to keep your employees happy? If you see a potential play and take a huge risk to no avail, what happens to the money you had that you greedily just put on the line? It is important to remember that once you hit a certain rate of success, that the company, even if it is in your name, is no longer just about you. You have loyal clients to take care of, employees to incentivize, and your family to provide for.
Don’t let materialism and greed replace the initial drive you had to create the company. As difficult as it can be to start a business, properly maintaining it has its own set of challenges.
We focus our Strategic Business Services on four basic principles, internally we refer to them as the GrowthLab IV. Most business owners are challenged with the following:
Understanding their Cash Flow,
Visibility into where they are making and losing money,
Marketing-for-profit, and
How to incentivize employees for performance.
Give our Team a call… Book a time.
