Cash Flow In A Business Is The Same As Profit Dream Big, Start Small

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Dream Big, Start Small

When starting a business, every entrepreneur dreams of a time when the business will grow, be successful and bring in all the big bucks. But it’s not as easy as it sounds. The reality of starting a business is that there will be times of despair when business is slow and you feel like all hope is lost. There will be times when you question why you got into business. Entrepreneurship is glorious and the psychological cost of entrepreneurship is rarely talked about.

You have to look at entrepreneurship or building a business like a child learning to walk. At first, the child will fall and stumble, probably scraping his knees before he learns. He can gradually walk and even run.

The deal is the same; in the early days, your services may not catch on and sell quickly, or you may make mistakes along the way that threaten the existence of your business, or you may have days when you have to hunt down clients before things start to pick up and move smoothly.

So what is the best way to get through this difficult period?

Start small

Start as small as possible. In other words, figure out what your smallest product (MVP) is. This refers to the most basic version of your product or service that you can offer. It gives you the opportunity to understand what your market wants and improve from there.

Move fast and break things

It simply means, “don’t be afraid to try new ideas and be disruptive”. Try new ideas and fail fast. If you fail, learn the right lesson and move on quickly. In fact, this is one of the advantages of being small – you can implement new ideas quickly.

Get cash flow fast

Contrary to popular belief, profit is not the key to sustaining a business. This is cash flow. How consistent is your income? If you manage to achieve steady cash flow, profits are not far off.

Treat your customers like royalty

This is more than just a cliché. It is very important that you provide the best possible customer service. This will make them more than just customers; they will become your ambassadors.

Improve your company culture and leadership skills

Your company culture means how you do things as a company, your processes and your interactions between you, your staff and suppliers, among other things. If you can’t get it right when the business is small, it will become even more difficult as the business grows.

Learn as much as you can about all aspects of business at this level

There will be times when the company is too big to micromanage like this, and if you don’t understand some aspects, you’ll have a management crisis waiting to happen.

By doing the above, you will be able to build a structure that allows you to dream big, but start small to help your business grow well.

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