NEWS AND INSIGHTS UPDATE:
For many business women, giving up control of any part of your company and client relationships can be challenging. However, there comes a time in the lifecycle of every business that you must decide whether you want to limit your growth and stay small or scale to grow with your business.
Nina L. Kaufman, Esq. of Ask the Business Lawyer offers 12 signs that you need more scale in your service-based business:
- You’re fed up not making the kind of money that can support the life you want to lead
- Your personal relationships are suffering
- You can’t take time off
- You had to miss a family vacation because you were back in the office fighting fires
- You spent your child’s Little League game/dance recital/[insert activity of child’s choice] with your head in your BlackBerry/smartphone
- You jump on every RFP, even if it means giving up your weekend plans
- You’re facing health challenges brought on by stress
- You’re working way to hard for way too little money
- You’re a woman on the verge of a nervous breakdown
- You’re dropping the ball; having difficulty focusing
- You’re constrained and frustrated by your inability to make a greater impact in the world
- You’re the family breadwinner and need to bring in the dough and make time for your family
Nina shares tips for scaling in stages, how to create an options strategy, and more in her article, so be sure to check it out if your struggling with business growth pains.
Get the details: When Women Entrepreneurs “Tip the Scale” via askthebusinesslawyer.com
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