Presto Virtual Assistance Services
  • Home
    • About
  • Work With Us
    • How it Works
    • Testimonials
  • Services
    • FAQ
  • Social-Media-Deal
    • Special Offer
  • Schedule 1:1
  • Blog
  • Home
    • About
  • Work With Us
    • How it Works
    • Testimonials
  • Services
    • FAQ
  • Social-Media-Deal
    • Special Offer
  • Schedule 1:1
  • Blog
Search by typing & pressing enter

YOUR CART

5/30/2017 1 Comment

4 Fears That Will Interfere With Your Business Growth

Picture
Does every business have to grow to survive? There are 2 answers to this question. Growth when it means expansion, is not necessary for every business; indeed, it may be the downfall of the business, especially if the growth is mismanaged. But growth, when it means adaptation or rejuvenation, is essential for the ongoing health of any small business. No one can afford to simply rest on previous successes.

Ask yourself this question. "What kind of growth do I want to aim for at this time in the life of my business, knowing that I can shift this aim later?"  Your answer will depend upon a careful examination of your present circumstances and your motivation for seeking change.

Growing your business can be hazardous to your health and your wealth. It's a good idea to examine your fears about what could go wrong.

Fear of Failure: Are you afraid that you aren't up to the challenge? Will growth keep you awake at night, anxious about losing everything you have gained? Are you worried what others will think if you fail?
Fear of Success: Are you scared that success will change you and turn you into a different person? Are you worried about the impact of success on your family? Do you believe you don't really deserve success?
Fear of  Responsibility:  Are you anxious about taking on more employees and being responsible for their livelihood? Do you have the courage to make tough decisions about hiring and firing?
Fear of Losing Control: Are you frightened by the thought of delegating tasks to other staff or outsourcing, handing over equity to finance expansion or leaving quality control in the hands of others?

Also consider what will happen if you do not grow. Will other opportunities be available again? Will opportunities be better in the future than they are now?  Will your competitors grow even if you do not?
If you opt for growth, you can expand your business without a plan, making changes piecemeal using trial and error, but this approach is laden with dangers. Small business owners all too frequently abandon the practice of planning once they are through their start-up phase.  They forget to update their business plan, ignoring the need to review the fundamentals of their business performance regularly and to set new goals. But, if your business is truly to thrive, you will need to work strategically as it is the single most important managerial task of any company that wants to influence its future. 
                                                                                  
                                                                                      ***************************
​
If you liked this article and found the content valuable and interesting, please share and tweet.  Follow Presto for more business tips and updates. Thank you

#business growth, business performance, strategic planning, delegating tasks, business fundamentals, success, #responsibility, business expansion




1 Comment
Shannon Burlingame link
6/1/2017 11:22:15 am

I'm fairly new to blogging and now I feel that I've started to get lazy with keeping up with things. I think your post asks a lot of good questions that has made me think about the way I do things with my blog. Great reflection questions. :)

Reply

Your comment will be posted after it is approved.


Leave a Reply.

    Categories

    All Business Topics Did You Know That? Google & SEO Inspiration & Motivation Quotes Quote Of The Day Social Media What Do You Think

    Picture
    Visit our blog for business tips & tools, motivational quotes, and resources

    Francine A. Author

    Welcome to my Blog.  Disclaimer: I am not an expert on the subjects posted on this blog and is merely sharing from either personal experience, articles or other networking sources. Content is intended only as useful  tips and resources for business owners and all who visit this blog. Subjects will vary from time to time.  NOTE: Some posts may contain affiliate links to products I really love and recommend, which means I may receive a small commission, at no extra cost to you. I will use the earnings to maintain this blog and business.
    I welcome comments and thank you for likes and shares.

    Archives

    May 2022
    February 2022
    January 2022
    October 2021
    August 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    September 2020
    August 2020
    February 2020
    December 2019
    August 2019
    March 2019
    February 2019
    November 2018
    September 2018
    April 2018
    March 2018
    February 2018
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    January 2017
    December 2016
    November 2016
    August 2016
    July 2016
    May 2016
    March 2016
    February 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015

    RSS Feed

Services                 e-Book              FAQ               Testimonials               Blog                  Schedule 1:1          Referral Bonus     
Picture
    Providing Virtual Admin Assistance Services since 2014
​© PRESTO VIRTUAL  ASSISTANCE SERVICES
                                                                  Privacy Policy   
                                                 
Photo used under Creative Commons from Rajiv Patel (Rajiv's View)