Small Business Owners, Entrepreneurs and Self-Employed folks; if you haven’t taken the time yet to review your 2010 business results; and plan for 2011 – the time is now.
Before planning for the future; we need to take stock of the present. This blog from The New York Times Business page is a handy check-list of reasons why small businesses fail. Make sure your business isn’t plagued with any of the 10 points.
http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/
Most of us (myself included) don’t have the objective overview of our own performance; so call in your board of directors, team of advisors or business coach to review this with you. However, when reviewing your own businesses against this list; switch the perspective and ask if your business DOES possess the opposite of each of these traits. If it doesn’t; add building that key ingredient in your business into your list of 2011 goals.
2011 is looking to be a year of more risk taking in the business world; hopefully a year where the lessons of the last 3 years with a struggling economy will be integrated into business plans for success in the future!
Suzanne Andrew is a Small Business Consultant and Entrepreneur’s Coach. If you need some help reviewing your current business results or planning for the future; contact her directly to schedule a session. SuzanneMAndrew@gmail.com or 727-641-6941.
