There’s a very real chance that your business may fail as it begins to grow. That sounds counterintuitive but it’s not. Handling growth and the changes that come along with it is THE one critical survival skill for business owners. For small business owners who are used to bootstrapping everything the danger of crashing and burning is very real.
You might ask why your business may fail right when it’s starting to make more money. This 3-minute video lists several reasons that all fall into mindset changes and personal development for business owners. Take a look and see if you recognize your habits.
I talk more about what it takes to have the solid ground needed to grow and keep a business going in this video, too. And you can find more about developing your business owner and leadership skills by reading this blog post. But meanwhile, I’d love to hear what you think about why your business may fail as it begins to grow. Do you think that’s a possibility? If so, it’s time fix that now!