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Your Business, Your Future |
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Written by Linda Hailey
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How to Predict and Harness Growth
Problems always seem to come out of nowhere for small business owners. No matter how much experience they have or how many degrees they’ve earned, owners will have to deal with surprises.
Your Business, Your Future: How to Predict and Harness Growth by Linda Hailey explains the characteristics and challenges of the four phases of small business growth — start-up, take-off, consolidation, and expansion — and shows entrepreneurs how to diagnose what stage they are in.
Understanding these stages ensures that owners won’t get caught off-guard when problems occur.
The book shares some common pitfalls that owners frequently make, including: pricing too low in the start-up phase, lacking organization in the take-off phase, and losing staff morale in the consolidation phase. Small business owners also may lack confidence, feel that they don’t have proper qualifications to run a business, or have a hard time transitioning from employee to business owner.
Your Business, Your Future addresses these concerns with straightforward recommendations and examples, clear and helpful organization charts, action plans, and checklists (Allen & Unwin, $16.95). HBM
Previously published in the February 2007 issue of HOME BUSINESS® Magazine, an international publication for the growing and dynamic home-based market. Available on newsstands, in bookstores and chain stores, and via subscriptions ($15.00 for 1 year, six issues). Visit www.homebusinessmag.com
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