Grow Your Business or die!
This is one of the laws of nature that applies to all living things. All business lives by this law as well. A business cannot begin, grow to a certain point and then simply remain at that point and continue to thrive.
Growth and expansion are necessary for the business to survive and if that growth and expansion do not happen then the business will fade and die or crash and burn.
Growth and expansion of business must be controlled by the business owners or managers. If growth is too slow, the business lags behind the competition. If growth is too fast, the business can easily become over extended.
A steady controlled growth is the ideal. Of course, the ideal and the reality are sometimes two very different things.
Sometimes the terms ‘growth and expansion’ are a bit misunderstood. The most obvious meaning of both terms is to get bigger and broader but those meanings are not the only ones that apply.
Growth, for example, can mean gaining knowledge and becoming wiser and expansion can mean broadening the knowledge base from which a company operates.
A small internet business, (online business) based company does not have to grow and expand until it becomes a giant multi-national company in order to survive but the owners and managers of these internet businesses do have to grow by getting smarter and expand by welcoming change with open arms.
Nothing ever just stays the same. Change is the only certainty in the world. What was hot or what worked yesterday is old news today and it will be ancient history tomorrow.
Companies and company owners and managers must grow with and adapt to changes as they happen and on the internet changes happen a lot faster than they do out in the brick and mortar world.
We all agree that growing, adapting and expanding is vital to the survival of any business and maybe especially to Internet business. So the question is: What is the key to growth and expansion of internet based businesses?
When brick and mortar businesses grow and expand, they build bigger buildings and hire more employees but that isn’t exactly an option for an internet based business.
The key to growth and expansion of an internet business,(online business) is for the business owner or manager to always and continuously invest in them.
They must be willing to stay on the cutting edge of technology and they must be willing to accept and adapt to changes as they occur.
Internet businesses are not buildings. Internet businesses are people. An internet business cannot grow by investing in a larger building.
It only grows when the person who is driving that business invests in his or her own knowledge and ability.
An internet business cannot expand by investing in hiring more people. An internet business expands when the person who is driving it invests in himself or herself.
The bottom line is this: The key to continuous growth and expansion of an internet based business is continuous investments being made in the owner or manager of the business. The short answer: Invest in yourself.