The companies that grow, stay relevant, and are successful have ONE thing in common…
OK…I HAVE to say something about this.
Its been bugging me for a VERY long time
and frankly I don’t want to see another company
end up like the one I’m going to describe.
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For *********.com, it wasn’t an overnight success…or failure.
Both the rise, plateau, and fall have come over a few years.
To be honest, I really like the people in this company! I’ve
watched them grow from a few people, to MORE, back down
to just a few, and at every turn I root for them.
But, I know eventually they’ll fail…
It’s sad because they’re great people and they offer
high quality products and services.
But they’re going to fail and it’s all to blame on ONE thing.
They’re wearing too many hats.
HAT CITY!!
Many moons ago (ok 5 years) starting, managing, and GROWING
an internet business was simple. You COULD ‘do it all’! BUT,
as time has gone, on those that try to ‘do it all’ often plateau
or fail completely.
I’ve been in this business for 8 years. I HAVE a front row seat
to some of the biggest and brightest companies to see exactly
how they do it…and do it WELL!
The companies that grow, stay relevant, and are successful
have one main thing in common…
The owners/founders realized that they need to LET GO!
Right here I’m tempted to put a link to the Frozen song ‘Let it Go’,
but if you have kids, know kids, or have ears…that song may
send you right over the edge..so I’ll spare you 🙂
But it’s a hard decision to make for ANY entrepreneur to make!
This is a business they started from nothing, it’s their baby, it’s
their everything…and now when they truly can’t fix their plateau
or failure, they’re faced with a serious cross roads.
They either LET GO (and focus on what they’re TRULY great at) or try to do it themselves…and fail.
…it’s that simple.
Now mind you, not EVERYONE can make this decision. Let alone MAKE IT WELL!
It’s one thing to say ‘I need help’ and then hire a bunch of
morons. It’s another thing to seek out experts, pay for the best, and
DEMAND the best…THAT’S the real difference.
So take some time to analyze your business…and your PEOPLE!
Tech: are you happy with the look of your site? User friendly?
Customer service: are they closing and KEEPING customers?
(really that’s their ONLY JOB!! :))
Marketing: are you getting plenty of traffic?
Marketing: are your funnels converting?
Marketing: are you capturing and retargeting leads to convert into sales?
Did I drive home the importance of marketing?? 🙂
Hope it helps!
Brad