I often wonder when talking to business people what their plan is on how to exit the business in future.
And generally when asked the answer is a shrug of the shoulders and the iconic Aussie response “Dunno”.
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It's almost Christmas again, and with the ensuing busyness we might forget to properly wind down.
For years I was guilty of not taking proper holidays. I'd always figured that with the business closing for about 2 weeks over Christmas and New Year, then 6 other public holidays during the year, that was enough.
But is it really? And what about not really getting away but being in constant contact with "the office"?
Lately there's been a fair bit of stress in my life; enough to potentially drag me down and bury me underneath it.
But it's not been of my doing, and this morning listening to a podcast by Barbell Shrugged (who's have thought, huh??) on diet and nutrition, I realised why I've been able to work through it.
More and more businesses are thriving through clever online marketing.
And many businesses push into this strategy without getting the first things right.
Online marketing is generally a cost-effective way of increasing your exposure and expanding your customer reach.
What do you need to get right first?
Building and growing a business doesn't happen overnight - it takes hard work, and a lot of it.
You'll get some things right and some things wrong - but you'll learn a lot from what happens.
There's more than one way to grow a business. But you need to understand your business and its position to get a better idea of where to focus.
But where do you start.
I've just finished reading Killing Fairfax (review here). A very interesting chronicle of the demise of Fairfax; especially so for someone who grew up and got his professional start in print media, with a bit of ink still running in his veins.
And it has some excellent lessons for businesses that face pressures due to change.