Categories: Small Business Growth

Plan for Small Business Growth

by JeanetteMarceau
Published on: May 16, 2011
Categories: ENT640, Small Business Growth
Tags:No Tags
Comments: No Comments

Success can cause concern for small businesses thru poorly planned growth.  If a business grows to a point where the owner feels trapped in working long hours, despair over loss of personal relationships, lack of forward movement, and they own a business they no longer enjoy then this is a concern for the owner.  Ways that an owner can avoid the problems of growth could be to have a plan in place that once sales reach a certain level or once the weekly owner hours increase to a certain amount then it is time to hire an assistant or manager to help the owner.  If this plan was in place and an owner started working over 60 hour per week then an assistant or manager could help with the work load.  The owner would have to know upfront and plan for some loss of control as the assistant or manager takes over more responsibility.  The owner should have a detained well written plan in place as to the specific items that the assistant or manager would have control over.  This would then allow the owner to work less hours, have more time for personal relationships, have more time for planning on moving the business forward, and being to enjoy their business again.

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