Small Business Knowledge Network w/ Jim Vogel: Three Factors that Slow, not Grow, your Small Business
- Small Business Knowledge Network
These three key factors can hinder a small business’s growth rather than support it: a lack of a clear strategy, poor cash flow management, and attempting to do everything alone. Without a specific daily and weekly plan, it’s easy to lose focus and react instead of growing with purpose. Poor cash flow means even profitable businesses can’t invest in growth or cover the necessities when needed. Finally, handling every task alone leads to burnout and bottlenecks, making it impossible to scale effectively as small businesses must do to survive.
Successful growth comes from strategic planning, staying on top of finances, and building a team that shares the load. The best advice the Small Business Knowledge Network can give is that business owners must work on the business, not just in it.
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This blog, about small businesses, is from Jim Vogel, Small Business Ambassador, Cornelius, NC.
Chair, Lake Norman Small Business Network
https://www.facebook.com/SmallBizKnowledgeNetwork
https://substack.com/@therespectedvoiceofsmallbusiness
919 244 6989
1 800 869 2401
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