I started my own business, now what?

First of all, continue to listen to your trusted advisors, and possibly increase your team of advisors.   The biblical proverb states “Without counsel, plans go wrong, but with many advisers they succeed.”  It applied then and always will.  Don’t forget to listen to your customers also, as their input will help you work with your advisors.

The second thing to remember is to keep up your books.  Small negative trends or changes can become big problems if not recognized and managed early.   If your expertise is not in bookkeeping, hire someone or contract with a good bookkeeping firm.

The third thing is to compare what you are doing to your original or latest strategic plan.  Managing change will always be necessary, but you want your actions based on well thought out strategies, and not just on short term actions.  Then, stay focused.

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