Life is like riding a bicycle. To keep your balance, you must keep moving.
At this stage of our business cycle, you are profitable and growing organically. Maybe this is the end game for you, you are earning a nice living for you and your family. But many entrepreneurs want to continue to see their businesses grow. And to stand still means to go backwards in this every changing world. You do not need to grow like crazy, but you do not want to stagnate either.
As a minimalist entrepreneur you have a built a business that you enjoy working on, it’s a pleasure to go to the office every day. But sustained growth presents its own set of challenges. One tool that may help you decide the best path for your business in the Ansoff matrix which I discussed in episode 29 of season 7. To listen to that podcast CTRL Click here
When a business fails, it is not usually due to a tide of unforeseeable events, its usually for a handful of reasons. The most common of which is running out of money. In his book Sahil talks about how to avoid these mistakes.