As a business matures, things rarely stay the same. In times of change, business owners can lose sight of the values and goals that they began with, and may find themselves overwhelmed. Don’t worry, you’re not alone. Take stock and with a little effort and some flexible thinking new opportunities will present.
Get additional training. Employees are not the only ones who can benefit from training. We all can. If you are overwhelmed by a new piece of technology or software, or are feeling like changes in your industry are too difficult for you to understand, make the time to seek help and learn how to adapt. An additional benefit is that you stay on the cutting edge and may gain great exposure for your business.
Revisit your small business’s roots. The key to remaining grounded is reminding yourself that even though your business has changed, it didn’t happen overnight and there was a progression that took you from where you started out to where you are now. Revisit and celebrate the steps you took to develop your business.
Update your business plan. Most business owners only write a business plan when they are first starting out. If your business has changed in a way or if you are nostalgic, looking at your business plan is a great way to reconnect to the ideas you had when you first started. Most importantly it reminds you of your core business objectives and will serve as great learning when you review how your business has grown and evolved.
By Caddie Marshall