Build on Strength

Once you have started the ball rolling with your new business venture it is important that you grow your business steadily over a period of time. Don’t go rushing to make everything happen at once. Many businesses have fallen over in their first six months because the person trying to develop theirs did not do their homework or tried to make their business expand way, way too quickly. Once you have had some success, allow a period of consolidation to occur before moving ahead into the next stage of development. Within yourself you will need to integrate what you have learned over the last few weeks or months, so don’t go rushing into the next stage of growth too quickly.

If you chart the growth of your business using statistics, it will become obvious when it is time to push to the next stage in your business. If you need to take on staff in order to handle the extra work, always employ them in a casual capacity or as a contractor, never as an employee. They will be too difficult to get rid of if they prove to be unsuitable to the position you have given them if they are an employee. Maintain control at all times by not having people employed in full-time positions for you. Hire contractors rather than employees, or use work-hire agreements. You’ll avoid alot of hidden traps by doing this.