Our Sponsors

 

 

 

 

   

 

Download our::

Keep up with Market Mommy around the web!

 

 

Advertisements

 
mother & daughter clothes 

 

 
#ASBC #motivationmonday #motivationmonday #contest #quote #quote 2011 Holiday Gift Guide 2nd Birthday Extravganza 5 Minutes for Mom About Us Achieving $uccess Advertising advertorials Alexa Announcements Galore apps at home care Author Autumn Blog Party Award Baby Accessories Baby Fair black friday blessings Blog Blog Tour Blogging Book Book review Book Writing branding budget Business Advice business lessons Business of the Week Business Opportunity business plan Celebrity Gift Placement Charity child care Childrens Decor Children's Lamps Children's Wall Art chistmas pajamas clothing coaching cold calling Communication community Conference consignment content creation Contest Coupon crowdfunding Customer Service cyber monday Cyber Monday Special digital marketing direct sales directory distractions DIY Email marketing Epson Printer etsy Etsy Blog Party Event Expert Blogger Panel Expo Facebook fampreneur Father's Day Tribute First Birthday Extravaganza first time customers Fling into Spring Forum franchise Free Seminar Free Services friends FTC Ruling Fun funding Fundraiser games gender inequality gift gifts for kids Giveaway gmail app for mass emailing goals Green Guest Blog Post health health apps HGG 2014 HGG 2015 HGG 2016 hgg 2017 hiring Holiday Blog Party holiday cards Holiday Gift Guide holiday gift guide 2012 holiday gift guide 2013 holiday gift guide 2015 holiday gift guide 2016 holiday gift guide 2017 holiday gifts holiday pricing Holiday Stress holidays Home Office Housekeeping Houston income and profit infographic infringement instagram intern international business Interview invention kids Kids Decor Kids Wall Art Labor Day Blog Party lead generation life balance LuLaRoe Market Mommy Market Mommy Favs Market Research Marketing 101 Marketing Materials marketing plan Marketing Recipe marketing tips Media millennials Misc. mobile mobile app mom business owners mom inventor Mom owned business mom owned businesses Mom Websites Mommy Monday Mother's Day Tribute multi level marketing Networking New Year Newsletter online marketing outsourcing Parenting partner Personal Photography Pitching Presentation Press Kits Press Release Press Release Week Printing Services prizes product Product Review Product Roundup Professionalism Promotion Protect Your Skin Public Relations Q&A Q&A Friday Resources Reviews safety product Sales Sam's Club SCORE senior care SEO service shirt shop small side hustle Small business small business saturday Small Business Week Social Media Specials Sponsored St. Patrick's Day STAR Award Super Bowl Ads Survey teen thankful thanksgiving Think Spring Blog Party Thrifty Thursday time management Tips Top 5 toys trademarking Tradeshow Try This Tuesday's Tip Twitter up-cycled Vacation Ideas video wage gap web design Welcome Winners women entrepreneur Wordless Wednesday work from home Working Mom Workshop World Breastfeeding Week World Series
« You Need a Business Network to Grow and Thrive | Main | Common Worries We All Have When Working For Ourselves »
Thursday
Nov082018

Slow Your Roll, Partner. Growth Isn’t Everything

There’s never been an easier or more lucrative time to be an entrepreneur. With the new technology and the internet of things, there are far fewer gaps to bridge. Businessmen and women can run a multimillion dollar company from the luxury of their home, which wasn’t possible before

So, to tell your friends and peers that you want to slow down might make them choke on their coffee. “Why the hell would you consider such a thing?!” The truth is there are dozens of personal and financial reasons to cut short the growth of your business. Although it might not be the in-thing to do, it could suit your current goals.

Take a look at the reasons why to find out more.

You’re Not Profitable

It’s indicative of the time that the business might be a world-famous brand without turning over the big bucks. Once you are a viral hit on social media, every man and his dog will know about your brand and the products you have on offer. However, it’s important not to let the popularity get to your head. While the potential for growth might be high, it’s essential to have enough sales and profits to expand. Wise owners like to develop their business plan before making a bold move.

There Are Risks Involved

Millennials dominate the industry, and they have no sense of fear. Young people, in general, tend to throw caution to the wind and pick up the pieces afterwards. How they decide to operate their business is their decision; however, it’s not your method of choice. Entrepreneur has a quote from an unnamed businessman who says: “My house is paid for, my cars are paid for, and the building that houses my business is paid for. I have a lifestyle I love.” Anybody who feels the same way doesn’t have to gamble their present and future.

Sustainable Is Better

Speaking of hazards, borrowing money from third-parties is one of the greatest. Banks aren’t your friends and they will recall their debts and take collateral for good measure. Lending beyond your means is the industry standard, yet it doesn’t have to be that way. You might prefer the little by little alternative. Putting managed IT services in place as well hiring a marketing agency are two affordable ways to boost growth. And, there is no reason to borrow extra cash as long as the deals are within the budget.

You Can’t Let Go

Growth implies hiring new employees and taking on more clients. They’ll be fresh faces in the customer arena too, with lots of traffic hitting the website and store. You might even need to bring in a CEO to implement strategies because of your lack of knowledge. In short, it means giving up everything to make money. As weird as it sounds, some entrepreneurs want to enjoy the process before they sell-up and move on. To them, the cash isn’t everything.

Do you agree? Are you a slow burner who wants to create something sustainable and fun?

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>