Other than making profits and revenues, are you setting your sights on the horizon as to where you are going with your enterprise? Do you have sufficient resources to:
a) attend to the growth of your business?
b) retire?
c) allow the family to have distriubtions from the enterprise to live the lifestyle to which they have become accustomed?
Many business owners, and correctly so, focus on the minutiae of the business and its requirements of attention on a daily basis. What can be overlooked are either the strategic opportunities or the potential pitfalls (health issues, business environment changes or black swan event) that may arise. Thinking about those matters are truly where the value for the enterprise may be improved.
Make sure that you take the time to think about the longer term for your enterprise and for your family.
Learn, think, apply!
Recent Comments