4 ms·

Honestly, I've become a bit scared of growth, as that just means more work, more responsibility, more hiring. Whatever happened to my nice little lifestyle busi

Honestly, I've become a bit scared of growth, as that just means more work, more responsibility, more hiring. Whatever happened to my nice little lifestyle business!!?!?

sushsjsuauahab 5y ago
Sell the excess business downstream :)
anonporridge 5y ago
The problem is, if you don't grow, eventually your business will dry up and be out competed by competitors that do grow. The problem with growing, is that the more you grow, the more attention you'll attract from established big players, who will eventually jump into your game and likely destroy you. It seems to me that running a small business can never really be a sustainable, long term venture, unless you get very lucky with a niche that no one else notices. You either have to plan to eventually be destroyed, or grow into a giant.
- stocknoob 5y ago
  craigslist.org?
  - deleted 5y ago
    [deleted]
- tonyedgecombe 5y ago
  Even big businesses don't last forever. Eventually they get gobbled up by a competitor or a new leaner arrival disrupts their business or the market changes. >You either have to plan to eventually be destroyed I suspect letting go is difficult for a lot of people.
- PeterisP 5y ago
  Or you can sell and leave the growth worries to someone else.
fmitchell0 5y ago
This is what I struggle with. We did well this year and I think I can possibly hit my life goal of hitting my first 7 figures sales next year, but I'm not sure if I just want to stand pat and lifestyle the business or try to go for it. My reasons for going for it are 1) parents are aging and I want to help them with retirement 2) ride the wave b/c you never know when it will stop and 3) yolo. My reasons for not doing it are 1) it's a bunch of extra stress and work I don't want to do. Lol.
- mensetmanusman 5y ago
  Hire well so you have to do less and less.
  - fmitchell0 5y ago
    Definitely what I'm trying to do. I'm realizing I'm not that great at hiring, but good at mentoring. Any suggestions?
    - mensetmanusman 5y ago
      Create an extremely detailed checklist of your tasks for a given month, then bucket then into what you do and don’t want to do. Finally, post a job opening (or 2) of the don’ts and delegate:)

Honestly, I've become a bit scared of growth, as that just means more work, more responsibility, more hiring. Whatever happened to my nice little lifestyle business!!?!?

sushsjsuauahab 5y ago

Sell the excess business downstream :)

anonporridge 5y ago

The problem is, if you don't grow, eventually your business will dry up and be out competed by competitors that do grow. The problem with growing, is that the more you grow, the more attention you'll attract from established big players, who will eventually jump into your game and likely destroy you. It seems to me that running a small business can never really be a sustainable, long term venture, unless you get very lucky with a niche that no one else notices. You either have to plan to eventually be destroyed, or grow into a giant.

stocknoob 5y ago
craigslist.org?
- deleted 5y ago
  [deleted]
tonyedgecombe 5y ago
Even big businesses don't last forever. Eventually they get gobbled up by a competitor or a new leaner arrival disrupts their business or the market changes. >You either have to plan to eventually be destroyed I suspect letting go is difficult for a lot of people.
PeterisP 5y ago
Or you can sell and leave the growth worries to someone else.

fmitchell0 5y ago

This is what I struggle with. We did well this year and I think I can possibly hit my life goal of hitting my first 7 figures sales next year, but I'm not sure if I just want to stand pat and lifestyle the business or try to go for it. My reasons for going for it are 1) parents are aging and I want to help them with retirement 2) ride the wave b/c you never know when it will stop and 3) yolo. My reasons for not doing it are 1) it's a bunch of extra stress and work I don't want to do. Lol.

mensetmanusman 5y ago
Hire well so you have to do less and less.
- fmitchell0 5y ago
  Definitely what I'm trying to do. I'm realizing I'm not that great at hiring, but good at mentoring. Any suggestions?
  - mensetmanusman 5y ago
    Create an extremely detailed checklist of your tasks for a given month, then bucket then into what you do and don’t want to do. Finally, post a job opening (or 2) of the don’ts and delegate:)