Many things come with the growth of your business, like hiring HR staff, and are unnecessary when your business is small. But there are so many things that million dollar companies do, not because they are successful, but because they learned along the way the power of doing them. These things can actually be implemented at any time and the earlier you start doing them, the faster you will grow to over $1 million dollars, and join the 4%!
Under $1 Million
Primaraly Uses Word of Mouth Advertising
Weak or No Core Value
Weak or No Company Culture
Owners Work In the Business and Not On It
Owners Have No Time
Little or No Growth
Little Participation or Give Back to the Community
Low Net Profits (Under 10%) Your Company is on Life Support
Employing Family and Friends
Small Number of Employees and That's OK
No HR (May Not Be Necessary When Small)
Owners Don't Take Vacations or They Are Short and Unpaid
Ineffective Meetings or No Meetings
Weak Goals with Little to No Follow Up or Accountability
Prices Are Set Too Low
A Lot of Time Wasted on Customer Support
Over $1 Million
Let us know what you think should be added to this list!
More From The 4%!