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Don't Try to Grow Your Business Too Fast

Most often, one of your goals is to grow your business into a large company. Just make sure that you are not trying to grow too fast.

by Audrey Bell
Contributing Author 

Whenever an entrepreneur starts a business, one of our main goals is to grow our business to a large company. This is a good goal for you to have. Just make sure that you are not trying to grow too fast. Trying to grow too fast can cause you more problems than you bargain for.

(article continued below ...)

 

When I first started my publishing company I thought I had my plan all laid out. I wanted to publish books that I had written, a magazine and also books written by other authors. I figured this way I would be able to grow my business at a quicker rate. So what I did was rent out an office space and fill it up with furniture, office equipment and supplies. This was definitely not a good plan. The overhead became too much and the clients that came to me to get their books published did not want to invest the money into their project. So I spent many hours in my office giving away free information that I should have been charging a consultation fee for and this way when they left and did not return at least I did get something out of the deal.

I tried to grow too fast! Now I had to do decide if I wanted to publish for other people and the answer is no I don’t, but I will consult with them about publishing their book and what to do next. I have also written a book that will be released at the end of this month titled “The ABC’s Of Self-Publishing. This way if people don’t want to pay for a consultation they can buy the book.

The next thing I did was close my office and move my business back into my house. This way my overhead is way cheaper and I also get tax write offs for having a home based business. The money that I use to spend on rent and phone will now go towards marketing. I have decided to postpone the magazine until I have seen substantial growth in the business. My new plan is working out much better.

So if your business is struggling because you made some bad decisions because you want to grow to fast, just take a step back and rethink your plan and also rewrite your plan. This will help you to reorganize your business to position it for growth at a rate that you can handle.

I hope that this information was of some help to you.

 

About the Author:

Audrey Bell is the owner of Milestone Publishing. She is also the owner of Big Beautiful Dolls, Inc. Audrey writes a weekly article on business for Local Talk Newspaper. She has published two books and 4 booklets.

 

 

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