Recently, we have put a lot of thought into what it takes to grow a web design business, or any business for that matter. Not only do the numbers have to add up, the t’s need to be crossed and the i’s need to be dotted. In other words, many things must fall into place before jumping to the idea of expanding or growing your business.
Now don’t get me wrong, everyone wants to grow their business in one way or another, but in the terms I am speaking of, I specifically mean taking it to the next level. Whether taking it to the next level for you means adding an extra client or adding an extra office building, you have to be prepared and have your funds set in place to do so.
Don’t be afraid to lose money. Your business is an investment. If you are afraid to lose money then you do not have faith, or trust yourself in business. Crunch some numbers to see that yes, you may lose x amount of dollars in the first six months, but the next two years you will make over $100,000 or more. Or you may make less, but as long as the numbers are right for you then go for it. Set goals and accomplish them. Strive to beat your goals, the more often you beat your goals the quicker the investment turns into a profit.
Growing your business is great, just make sure you have done the research and have the resources to do so, and by resources I mean – you ALWAYS need to have a website. 😉