In business, you’re going to experience several challenges.
One thing you can count on – by the time your business is actually successful, you will have gone through thick and thin and survived it all.
If several of the articles written by the different “business magnates” are anything to go by, there will be times when you wish you had never started the business in the first place.
In fact, some of these times you will be on the verge of giving up and walking away.
In the same vein, there will be times when you will proclaim that the best thing you ever did was getting into business in the first place.
Your business will go through different phases.
These phases – and your ability to adapt, improvise, and overcome – determine either your success or failure.
Let’s focus, for now, on the fast business growth phase of a business.
This phase is characterized by a lot of work.
For you as an entrepreneur, the fast business growth phase is when you will find yourself working long hours – in some cases pulling all-nighters – just to meet your deadlines.
Here’s the irony:
The fast business growth phase tends to come right after a lazy period when you did not have much to do.
All of a sudden, as your business takes off, you go from 0 to 100 in the blink of an eye.
You may finding yourself thinking about buying some speed.
That’s great – and it’s also where you will learn more about the business and how it works than any business-planning exercise could ever show you.
You get a deeper understanding of what the business needs, and how best to reduce costs while maximizing profits.
Once you come out of the fast business growth phase successfully, then you can do a much better job outsourcing and delegating.
No one said it would be easy – but you deserve your success.