Business is Growing! What to Watch For Now

Michael Gallagher, .

woman at whiteboardCongratulations! You’re in the enviable position to which all entrepreneurs aspire. Sales are up, you need to hire people, life is good. But of course there are key elements to effectively manage this growth.

“Knowing what needs to change and what you yourself need to stop doing is critical to your ongoing success!” In his book, “What Got You Here Won’t Get You There“, Marshall Goldsmith discusses the need to learn and adopt new skill sets even as you are achieving success. You wouldn’t expect to be doing the same work if you received a promotion in another job. In the same way, the demands of your growing business have just promoted you out of your smaller business and the job has changed. Managing more ….. more production, more customers, more supply chain, more employees is very different from your previous role. Knowing what needs to change and what you yourself need to stop doing is critical to your ongoing success!

What Questions Should Your Business Plan Answer?

Michael Gallagher, .

cannonSun Tzu said, “The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand.”

It’s not a stretch to say that business is a battleground; and if you’re not prepared, you’re going to take more fire than you should. Your plan is your strategy, it’s your blueprint, your Intel, your logistics, your general. It is an answer for your most pressing questions.

A viable business plan is connected both to the overall vision and objectives of the company and to its daily functioning. It is both macro and micro.

Benefits of Hiring a Consultant to Help with Your Business Plan

Michael Gallagher, .

Dad teaching his son to driveOf course you should be reading this with a grain of salt: a consultant telling you why you should hire a consultant. But remember back to when you were learning how to drive; you didn’t know what you didn’t know. You didn’t consider that when you shift before you stop completely, you’re ruining your transmission, or that when the breaks squeal, it means that you should change the pads, not turn up the music. You needed an experienced driver to say, “Hey, consider doing this,” or “Stop!” This, in a nutshell, is the benefit of having a consultant help you with your business plan.

3 Reasons People Avoid Business Plans Plus a Painless Solution

Michael Gallagher, .

Man with a computer over his headYou don’t need a business plan. Just ask Craig Newmark. “We don’t have much in the way of a business strategy. Like no business plan… The deal is, it’s a mixture of luck and persistence.” Newmark’s little startup, Twitter, was founded, he claims, with “no vision whatsoever.” He likes to give the impression that it just grew up, like a kid with hippy parents, free to be who it wanted to be. I claim no psychic ability, but I know two things for certain: one, this won’t happen to you, and two, even Twitter realizes you need a viable business plan to survive.