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All of us ask, "Should I finally take some real
income or push even more money back into the company?" Your business finally
has solid-growth. That makes for a very special small business.
A very sincere, "Congratulations." You are approaching, or you have made it
beyond $1 million in annual revenue; you have broken a special barrier. It
seems to be a benchmark. Often it marks the difference between those who are
creating jobs for others and those who do not want employees.
For those of you who are building a long-term business, the next benchmark
seems to be get over $4M mark consistently, and then move on to the $10M mark.
Our benchmark is sustainability and leveragability. We also call it,
Staying Power.
If you have had consistent growth for over five years and your projections are
for five more years of consistent growth, you will have moved on to
Step 7: Sustainability. Four Paths Within Each Step
1. The Basics. You are hiring managers and
you are sharing some of your executive roles with others. |