As an entrepreneur, one should understand the importance of keeping momentum going. One can only do so much every day and hiring qualified employees to handle the day to day affairs instead of you focusing on them exclusively. If you can replace something with technology, then that is an important thing to figure out and factor in. For example, if you owned an ice cream store, it totally makes sense to invest in a commercial ice cream machine, as it would most likely have the capabilities to allow you to dispense more than just one soft ice cream cone at a time.
Surprisingly, a regular business owner would be content in using the same old machine they currently own (if they even have one), and try to hire more workers who's workflow is only bottlenecks at the source, which is the machine. Throwing money at problems without understanding what you need to improve is wasteful and doesn't allow one to build up their business properly. Stuff like this is what I'll be chatting away about on this site so please chime in and let me know what else you'd like to know.
I will continue a little bit since the title of this post was geared more on keeping momentum in your business. So back to our ice cream parlor example. If you watch your number correctly, you should be able to budget out the output you need to keep the flow of business consistent. This is when you can deduce if having an industrial ice cream maker would make sense since your momentum can only increase with a machine that can dramatically improve output of product.
So the takeaway here is that you should always look at points in your business that will help improve what you are already doing. By removing the things that eat away at profits and leveraging on the good things, success is most assured.
Stay tuned as we'll discuss concepts to scale properly after you've reached this point.
Surprisingly, a regular business owner would be content in using the same old machine they currently own (if they even have one), and try to hire more workers who's workflow is only bottlenecks at the source, which is the machine. Throwing money at problems without understanding what you need to improve is wasteful and doesn't allow one to build up their business properly. Stuff like this is what I'll be chatting away about on this site so please chime in and let me know what else you'd like to know.
I will continue a little bit since the title of this post was geared more on keeping momentum in your business. So back to our ice cream parlor example. If you watch your number correctly, you should be able to budget out the output you need to keep the flow of business consistent. This is when you can deduce if having an industrial ice cream maker would make sense since your momentum can only increase with a machine that can dramatically improve output of product.
So the takeaway here is that you should always look at points in your business that will help improve what you are already doing. By removing the things that eat away at profits and leveraging on the good things, success is most assured.
Stay tuned as we'll discuss concepts to scale properly after you've reached this point.