If you’re in business, at some point there’s a good chance you’re going to get stuck.
Here’s why it happened to me and why it might happen to you.
1. – You Start Coasting
Starting the business was hard but now you’re profitable.
Your tendency is going to be to let your foot off the pedal and start coasting. You deserve it because of all the hard work you’ve put in, right?
You’re either growing or dying. Don’t Coast!
2. – You Become an Employee Instead of the Owner
When you started the business you had to do everything.
It is so hard to let go of things even when you have employees because nobody can do the job as well as you. (False thinking)
The problem is there is no one steering the ship. You’ve got to quit being an employee all the time and start planning and creating the vision for the company.
3. – The Business Grows to Your Size of Thinking
You’ve grown the business to your level of leadership.
Once you get to this point if you keep doing the things you’ve been doing you’re going to keep getting the results you’ve been getting.
It’s time to realize that you need to grow your thinking so you can lead better or bring someone in who can.
4. – You Don’t Hire Fast or Often Enough
Similar to reason #2. You’re capable of doing the job. Why should you bring on more overhead?
You have to change your mindset so that you start seeing employees as an asset instead of a liability.
5. – You Quit Doing the Things You Did When You Started
When you started you were hungry.
You had a vision and would hustle and do whatever it took to get the business going. You had new ideas. You had passion.
Remember what you did to grow the business and evaluate if you’re still doing them. You’re probably not.
You Can Get Unstuck
Once I realized these things and started making corrections my business started growing again and has grown every year since.