To the Team SME Owners in SA
Today lets chat about you the Startup business or your business that has been going for less than 3years, as always there are Exceptions to every rule ,so we do not focus on this.
Every one of you guys know that it is a 24/7 task, we have been told this over and over, so whats new. first up I hope your wife, husband, girl friend, boy friend is aware of this, that's a good place to start. Then lets look at the rest of the issues, it will take your business at least 3 years to turn a profit, lack of understanding net cash generation will create huge stress, your emotional IQ will be tested to the full,managing vs doing will create you juggling many balls in the air,etc, etc (not if you get the right help)
Remember you started your business to be your own boss, have you just created another job, yes in the first 3years, for sure, yes keep motivated , stick to your vision, but go do the following- from day one or start now budget for professional outside objective input, advice, be it a mentor, business consultant, coach, or whatever the market calls us who have a passion for helping SMEs. find someone that has been in a sme business , someone that has many years of experience, and knowledge, there are many of us, it is an investment not a cost. Helping SMEs is one of the fastest growing industries in SA.
I was told last week that 40000 businesses in SA closed in 2011, you do not want to be in that class in 2012.
Till next time, may the FORCE be with you, I am your silent partner helping you to work on your business.
Regards
Guy Daines
www.scotrho.co.za
also on Linkedin
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