Overcoming Barriers to Growth

Wednesday November 16, 2016

Building your own business is about more than just survival. You need tools and training just to get by out there, but you're not here just to struggle from day to day. You got into this to plant your flag, make your mark and create something wonderful. That means committing yourself to growth - and like everything else on the business battlefield, it's about knocking down walls and climbing mountains. You'll face challenges every step of the way, some from the most unexpected places. With the right approach, though, there's no barrier you can't break through - and breakthroughs are what RIFT Accounting's all about.

Know your limitations

Running a business means understanding what you're good at, and what you're not. It's tough to be an expert in everything, and knowing when someone else is in a better position to make a decision is the key to good leadership. Build strong teams and don't let pride talk you into shouldering loads you aren't built for. Know where to get advice and how to put it to use. Sometimes you have to take a step back to see the full picture.

Be careful with your star players

Another point about team-building is knowing where your strongest links are. Just don't rely too heavily on any one of them. If you've got one or two people who are pulling more than their share of the weight, your team's unbalanced. Worse yet, when star players leave they take their magic with them. Try shifting your business focus away from over-reliance on key people. Instead, learn from them and work on training to raise everybody's game.

Manage your money

We talk a lot about cash flow at RIFT Accounting. It's one of the most important prediction, production and protection tools you have. Knowing your overheads, your break-even points and your cash gaps are essential to growth. Cash flow forecasts are more than just hopeful guesses about tomorrow. They'll help you stay fast on your feet, so you can pounce on easily missed opportunities and turn them into a real chance for growth.

Explore the RIFT

If you're a veteran of the Business Battlefield then you already know how much RIFT Accounting does to help you grow safely and quickly. With cloud accounting software and any-time access to your information, we're here for you whenever and wherever you need us. Our quarterly reports give you the full picture of your business, and our hand-picked experts will show you how to reach goals and hit targets. If you need financing, we'll show you the best hunting grounds. We're making business personal, so you know you'll never be just another number to us.

Ambition is a great thing in business, but it's not enough. Real growth takes planning, persistence and a sharp eye on the mountain top. Call or email to see how we can help you get where you're going, and listen out for more Voices from the RIFT...

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