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| Image Source: blog.cloudhq.net |
If you’re a business owner, you may have dreamt of turning your fledgling business into something more—a consumer electronics giant, like Apple, or a leader in Internet services and products, like Google. However, building a business from scratch and growing it into a multibillion-dollar corporation may not be worth it.
NationalJournal.com mentions that out of all the small business owners surveyed across the United States, only 24 percent said that they want to grow their businesses to become “as large as possible” even though President Obama has been pushing for a bill that could potentially cut taxes on smaller businesses to encourage growth and increased hiring of workers, which in turn could revitalize the US job market.
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| Image Source: smallbusiness.chron.com |
Why? Investopedia.com lists a few possible reasons why many small business owners do not want to expand their business:
• They’ll incur less stress.
• The risks of hurting the business remain little.
• They won’t have an increase in workload.
• They won’t have to deal with problems regarding hiring people.
• They’ll have time for things that really matter (i.e., spending time with family and friends).
The bottom line is that although expanding your business might be a good idea, business growth does not just depend on having a dream and setting some goals. It requires sacrifices that you must be willing to make for results that may or may not be worth the effort.
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| Image Source: blog.michiganadvantage.org |
Bertrand Management Group is a California-based consulting firm that specializes in the development of business coaching skills and business strategies. Visit this Facebook page for more information on expanding a business.
