Small Business Minute: Is it time to consider the future of your company?
By Brian Leaf
Parents raise children; entrepreneurs raise companies. Children grow up with dreams of what they’ll be someday. A small company’s aspirations depend on the vision and direction of its owner.
Your business may still be young, but what do you want it to be when it grows up?
The Service Corps of Retired Executives says that business operations, structure and goals should be based on your long-term and short-term objectives. Two key questions that SCORE says you should ask as you start envisioning your company’s future are:
Honest answers to these questions will help you set the overall direction of your company. They may also help you find two or three viable short-term objectives for your business.